Xuzhou is ramping up efforts to promote the production of new energy-fuelled construction machinery. — China Daily
SHANGHAI: Construction equipment maker Xuzhou Construction Machinery Group Co Ltd (XCMG) is ramping up efforts to promote the production of new energy-fuelled construction machinery.
It hopes to inject fresh impetus into China’s high-quality development, an executive said on Tuesday.
Shan Zenghai, chief engineer and vice-president of XCMG, and a deputy to the 14th National People’s Congress, the country’s top legislature, said during the ongoing two sessions that the company will intensify efforts to develop key components and promote the mass application of new energy-fuelled construction machinery to raise its global competitiveness amid a worldwide green transition.
It will also contribute to the manufacturing sector’s new productive forces, he added.
New quality productive forces, a Chinese concept recently coined, refer to advanced productivity that breaks free from traditional economic growth modes and productivity development paths to feature high technology, high efficiency and high quality.
Shan’s remarks align with the government’s call to give full rein to the leading role of innovation, spur industrial innovation by making advances in science and technology and press ahead with new industrialisation, according to the Government Work Report delivered at the opening of the second session of the 14th National People’s Congress on Tuesday.
The report said an initiative for pursuing high-quality development of key manufacturing chains will be launched, with a focus on shoring up weak links, reinforcing strengths, and fostering new capabilities to enhance the resilience and competitiveness of industrial and supply chains.
“China has the conditions, foundation and need to drive industrial upgrade and develop new quality productive forces through advanced manufacturing, considering the country’s industrial structure, market capacity and challenges from the external environment,” said Zhou Mi, a senior researcher at the Chinese Academy of International Trade and Economic Cooperation. — China Daily/ANN
