The enhancement of new quality productivity is an essential requirement for high-quality development and serves as a crucial focal point for progressAs an advanced production capacity predominantly influenced by technological innovation, new quality productivity elevates productivity levels through scientific and technological advancements, optimization of resource allocation, and restructuring of production organizationTo effectively guide and propel the development of new quality productivity, enterprises must assume a leading role in technology projects, organization, and funding allocation, thereby unlocking and maximizing the initiative, enthusiasm, and creativity of both companies and entrepreneursIt is paramount to strengthen the corporate status as a primary player in technological innovation to bolster its supportive and guiding role in industrial development.
Enterprises are pivotal forces in cultivating new quality productivity.
The essence of new quality productivity arises from revolutionary technological breakthroughs, innovative resource allocation, and in-depth industrial transformation and upgrading
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As key hubs for the production of innovative knowledge and the conversion of scientific and technological outcomes, enterprises are dynamic forces driving innovation, resource integration, and the nurturing of new competitive advantages in industriesBy harnessing the innovative capacity of enterprises, we can foster and develop new quality productivity.
This involvement is beneficial for advancing technological revolutionary breakthroughsNew quality productivity is characterized by innovation at various levels, including technological, industrial, as well as management and institutional dimensions, with technological innovation being the core elementEnterprises play a fundamental role as the main carriers of delivering high-quality technological supplies, making them crucial in enhancing productivityBy entrenching corporate status as the main actor in technological innovation, we can ignite their enthusiasm and creativity, expedite the production of innovative knowledge and its transformation into market-ready products, thus fostering product innovation and industrial transformation that leads to a more advanced productive capacity
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Vertically, innovation manifests as a chain process comprising scientific discoveries, patents, technology development, and their subsequent market applications.
Scientific discoveries fuel disruptive and cutting-edge technological innovations, which require enterprises to integrate the innovation and industrial chains effectivelyHorizontally, innovation functions as a complex social system project involving various facets of the economy and societyIt necessitates a symbiotic relationship among government, enterprises, universities, and research institutes to create an efficient and sound collaborative innovation frameworkEnterprises connect production and markets and are more alert to social demands for technological development, often standing at the forefront of green and intelligent transformation, acting as a crucial force in breaking through key core technologiesIn reality, as the new wave of technological revolutions and industrial transformations navigates deeper waters, the fusion of industrial and innovation chains intensifies, with disruptive technologies emerging continuously, making innovation application scenarios vital links between basic innovation and the practical application of results
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Enterprises can offer diverse application scenarios encompassing various needs, leveraging high technological content and positive spillover effects to enhance innovation efficiency and propagate multi-faceted technological developments.
Moreover, these enterprises are instrumental in fostering innovative allocations of production factorsThe hallmark of new quality productivity is a significant improvement in total factor productivity, requiring an efficient combination and smooth flow of various resource factorsOptimizing the structure of innovation factor allocation and enhancing allocation efficiency results in a leap in the synergistic optimization of labor, labor materials, labor objects, and their combinationsBoth theory and practice have established that market-based resource allocation is the most efficient modeEnhancing the innovative configuration of production factors necessitates harnessing the decisive role of the market, while the government must effectively stimulate property rights, promote the free flow of resources, encourage fair and orderly competition, and foster a first-rate business environment characterized by market, rule of law, and internationalization
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This, in turn, can invigorate various business entities' endogenous momentum and creative vitalityEnterprises serve as the micro-entities of the market, spanning production, distribution, circulation, and consumptionThey can aggregate technology, finance, talent, and capital, promoting the deep integration of the innovation, industry, and funding chains, while also leveraging data and information technologies to generate new industries, business forms, and models that drive high-quality production factors towards the growth of new quality productivity.
The advancement of new quality productivity also necessitates profound industrial transformation and upgradingDeveloping new quality productivity reflects the intrinsic demands of industry reform, standing as a strategic choice to forge new competitive advantages in industriesAccelerating technological innovation to drive industrial innovations culminates in the action of individual enterprises
Whether implementing relevant industrial policies, filling gaps in weak industries, extending advantages in strong industries, elevating traditional industries, or establishing emerging industries, the ultimate execution must fall to specific enterprisesBy enhancing collaboration between enterprises and academic institutions or research institutes and leading the establishment of innovation consortia, new forms of technology research and innovation organization can emerge, better catering to the diversified needs of technological innovation and enabling deeper integration of fundamental research, applied research, experimental development, and industrial innovation to amplify China's industrial innovation capabilitiesFurthermore, by exploring new markets, developing new technologies, utilizing new materials, manufacturing innovative products, and advancing management innovations, enterprises can offer higher quality products and services, fostering a continuous optimization of industrial structures and promoting profound industrial transformation and upgrading that effectively strengthens the competitiveness of industrial development.
For innovation-led and propelled development of new quality productivity, it is essential to fully mobilize the enthusiasm and creativity of enterprises.
Supporting enterprises to become protagonists in technological innovation is vital in this regard
This entails fostering an environment where various innovation factors converge towards enterprises, encouraging the enriched emergence of disruptive and original technological achievements.
To cultivate new quality productivity, there is a need to shape suitable relationships of production that facilitate reforms in economic systems, decisively clearing obstacles hindering technological innovationOn one hand, it is crucial to deepen reforms in state-owned enterprisesThese enterprises possess formidable innovation capabilities and strengths, equipping them with the capacity to display greater prowess in innovation leadershipState-owned enterprises should strive to be at the forefront of innovation-driven development, increasing research and development investments, integrating innovation resources, and refining incentive constraints to optimize their strategic role in critical areas of technological innovation
The establishment of quality mechanisms for talent cultivation, recruitment, utilization, and fluid mobility must be prioritized, using more open perspectives and efficient incentive mechanisms to attract and assemble talentThe design of performance evaluation mechanisms should pivot around mid-to-long-term strategic development, maintaining goal orientation to effectively reinforce enterprises’ strategic objectives while encouraging long-term innovation investmentsOn the other hand, it is vital to develop and strengthen the private economyStabilizing expectations in the private sector, enhancing policy communication and guiding expectations, and continually optimizing development fair, equitable, and transparent environments will assure private enterprises’ confidence in pursuing growthFormulating and implementing various supportive policies must be conducted with precision, strengthening policy coordination to promptly address corporate concerns and interests while also eliminating barriers to public policies
This should ensure that the requirements for equal treatment of state-owned and private enterprises are enforced through regulations and laws, optimizing the private enterprises’ growth environment and the implementation of fair competition policies, breaking down institutional obstacles that hinder private enterprises’ fair participation in market competition, and enhancing financing support policies and systems to legally safeguard private property rights and entrepreneurs’ interests, thus fully eliciting the dynamism of the private economy.
Furthermore, cultivating new quality productivity calls for reinforcing the primary status of enterprises in the integrated evolution of industrial and innovation chains, thereby establishing a collaborative innovation pattern among upstream and downstream enterprises, as well as between large, medium, and small enterprises
Strengthening the deep integration of production and research led by enterprises will help shape innovation chains aligned with industry demands, integrating a wide array of innovation resources while focusing on breaking through critical common technologies and accelerating the transformation of technological achievementsOn one hand, it is essential to leverage the role of leading technology firmsSupporting these leading enterprises to concentrate on significant national needs, consolidating innovative resources, forming innovation consortia, and developing shared technology research and supply services, converting technological achievements into industrial applications, and facilitating the integrated configuration of key projects, bases, talents, and funds in priority sectors will significantly enhance China’s industrial foundational capabilities and the modernization of its industrial chains
A robust emphasis should also be placed on developing smart enterprises, aiding artificial intelligence firms in strengthening patent arrangements, actively participating in international standards formulation, and encouraging domestic leading businesses, research institutions, and universities to jointly establish alliances for technological innovation in artificial intelligenceOn the flip side, nurturing an enabling environment for small and medium-sized enterprises is criticalThese enterprises connect with communities and serve as vital forces in driving innovation, promoting employment, and improving livelihoodsIncreased support for small and medium-sized enterprises should focus on fostering innovation, protecting their intellectual property rights, and encouraging exposure to a greater number of specialized and innovative enterprises.
Last but not least, addressing new quality productivity is fundamentally centered around talent, particularly entrepreneurs capable of harmonizing diverse talents and resources