KARACHI:
China – the second-largest global economy – has officially launched “new quality productive forces” early this month to pursue high-quality development, aimed at further accelerating its economic output through deploying latest innovations and technologies where quality will take centre stage in all fields of life.
The tech advancement is expected to help introduce new industries and foster the global economy, as the share of Beijing in the world economy stood at 30% in 2023. It has been connected with around 150 nations through its aggressive Belt and Road Initiative (BRI).
The quality productive forces are expected to further expand the influence of China, enabling it to challenge and change the world order, and give a tough time to competitors such as the US and India. Also, it has a lot to offer to its friends like Pakistan to spur growth.
Talking to The…
