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Execs, experts endorse nation's pursuit of cutting-edge growth

New quality productive forces outlined by Xi essential for the future

By MA SI/LIU ZHIHUA | China Daily | Updated: 2024-05-17 07:49

Strategic guarantee

Huawei began selling its much-anticipated Pura 70 smartphone series last month, which is widely seen as the key to further reviving its smartphone business in China despite lingering technological restrictions by the United States.

The latest phone showcases Huawei's technological strength and resilience amid mounting pressure, and it could enjoy a sales boom similar to that of Huawei's Mate 60 series unveiled last year, if production capacity can be guaranteed, experts said.

Meng Wanzhou, Huawei's rotating chairwoman, said: "Huawei has been investing heavily in foundational technologies to harness trends in digitalization, intelligence and decarbonization to create more value."

Zheng Yongnian, a professor at the Chinese University of Hong Kong (Shenzhen), and president of the Qianhai Institute for International Affairs, said: "For a country to develop new quality productive forces, it needs to possess three core elements, namely promoting basic scientific research, facilitating the translation of basic research into applied technology, and ensuring a supportive financial environment."

"Expanding institutional opening-up is the strategic guarantee for nurturing new quality productive forces," Zheng said.

Zhao Zhongxiu, president of the University of International Business and Economics, agreed, highlighting that continuously advancing higher-level opening up and fostering high-quality international cooperation are pivotal for a country's development strategy.

Zhao emphasized the importance of avoiding isolationism and embracing international collaboration while being cautious not to over-rely on imported technologies.

It is of crucial importance to strike a balance between importing cutting-edge international technologies and fostering domestic innovation while safeguarding national economic security, he added.

Contact the writers at masi@chinadaily.com.cn

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