People’s Financial Review： New Kinetic Energy for the Surging Development of Strategic Emerging Industries

　　The cumulative production of new energy vehicles has exceeded 20 million, the total installed capacity of industrial robots has exceeded 50% in the world, and the scale of ultra-high definition video industry has exceeded 3 trillion yuan … … Since the beginning of this year, emerging industries in various fields have been reported frequently. The latest data shows that in 2022, the added value of strategic emerging industries such as new generation information technology, high-end equipment and new energy vehicles has accounted for more than 13% of China’s GDP. The new kinetic energy released by strategic emerging industries has flourished, effectively boosting the stable operation of the economy and becoming an important support for high-quality development.

　　As a new track and pillar of the national economy, developing strategic emerging industries is both a timely policy and a timely move. From the supply side, under the background that a new round of scientific and technological revolution and industrial transformation is reshaping the global economic structure, new technologies such as the Internet, big data and artificial intelligence have accelerated the empowerment of thousands of industries, and emerging industries have broken ground in this soil, driving the upgrading and transformation of the supply side, leading traditional industries to glow with new vitality in moving towards high-end, intelligent and green, and simultaneously improving the modernization level of China’s industrial chain supply chain and constantly releasing new strong kinetic energy.

　　From the demand side, the development of emerging industries creates new demand with new supply, opens up new space and creates many new consumption fields. For example, in the field of electronic information manufacturing, new products such as smart TVs, smart phones and wearable smart devices are emerging one after another, constantly meeting consumers’ new needs for smart life; For another example, in the field of biological health, the deep integration of biotechnology and information technology has given birth to services such as health management and disease prevention in the cloud and across regions, stimulating new potential for healthy consumption. It can be seen that emerging industries are becoming a new support point to stimulate the growth of consumer demand. Further tapping the potential and leading new consumption with high-quality supply are also cultivating new kinetic energy for economic growth.

　　During the "Fourteenth Five-Year Plan" period, the development of China’s strategic emerging industries entered a critical stage. Following the laws of the development of new technologies and new industries, more and more new technologies will be expected to enter the stage of large-scale industrialization and commercial application in the future, and will become an important force driving industrial transformation and promoting economic and social development. Accelerating the cultivation and expansion of emerging industries can be said to be time-consuming. It should also be noted that compared with traditional industries, emerging industries have basic and cutting-edge characteristics, which requires us to focus on innovation and strive to achieve breakthroughs in key core technologies in order to stimulate the new kinetic energy of new industries. In fact, in recent years, China has actively promoted the construction of industrial clusters, with 45 state-level clusters covering a new generation of information technology, high-end equipment, new materials and many other emerging fields, in order to form a joint force of innovation and development of emerging industries by bringing together innovative production factors.

　　Without accumulating each short step, one cannot cover a thousand miles. After years of development, with a complete industrial system, huge market scale, massive application scenarios, abundant human resources and many other advantages, China has a certain international competitiveness in the fields of rail trains, marine equipment, new energy vehicles and so on; Take the lead in new technologies such as 5G, big data, artificial intelligence and industrial Internet. These have jointly built a vast world for the future development of China’s emerging industries, and also consolidated our confidence and confidence in continuing to firmly develop emerging industries. Standing at a new historical starting point, driven by the huge industrial upgrading trend, strong consumer demand, better market environment and greater support, the pace of China’s emerging industries will be more steady and powerful, injecting inexhaustible power into promoting the high-quality development of China’s economy.