Xi Stresses Building Modernised Industrial System

Summary

President Xi Jinping chaired a Political Bureau meeting of the CPC Central Committee on July 30, calling for faster progress in building a modernised industrial system, advancing frontier technology breakthroughs and future industries, and concentrating on new pillar sectors. The April Political Bureau meeting proposed keeping manufacturing's share at a reasonable level. The 15th Five-Year Plan outline prioritises the modernised industrial system among all strategic tasks.

China's manufacturing value added now accounts for nearly 30 percent of the global total, ranking first for 16 straight years, with daily output exceeding 1.5 billion chips and more than 40,000 new energy vehicles. At the Three Science and Technology Conferences, Xi underscored seizing the historical opportunity to strengthen scientific and technological self-reliance. During local inspections, he urged developing new quality productive forces suited to local conditions based on resource endowments and industrial foundations, adding that traditional industries should not be simply phased out and that the balance between new drivers and legacy upgrades must be managed.

Commentary

With China's manufacturing value added representing about 30 percent of the global total and topping the rankings for 16 consecutive years, the accelerated construction of a modernised industrial system will reinforce its position in global supply chains. For New Zealand SMEs that source mainly from China, this industrial upgrade is likely to yield higher-quality and more cost-effective intermediate goods, although the potential squeeze on export capacity from domestic circulation policies warrants attention. At the same time, China's revamping of traditional industries and cultivation of emerging sectors are creating segmented import demand for functional raw materials and precision components, which may open opportunities for dairy actives and fine wool processing.

As China pushes for greater technological self-reliance, New Zealand tech firms could pursue joint R&D in agricultural technology and environmental solutions. Given deeply intertwined supply chains, actively tracking partners' transformation trajectories—rather than fixating on short-term prices—will be crucial for managing long-term cost volatility.

Keywords: modernised industrial system, real economy, new quality productive forces, technological innovation, manufacturing, 15th Five-Year Plan, transformation and upgrading of traditional industries, emerging industries, future industries, high-quality development

Summary in Chinese | 摘要

习近平总书记7月30日主持中共中央政治局会议，强调加快现代化产业体系建设，积极推动前沿技术突破和未来产业发展，着力打造新兴支柱产业。今年4月中央政治局会议提出保持制造业合理比重。“十五五”规划纲要将建设现代化产业体系置于各项战略任务首位。

目前，我国制造业增加值占全球比重接近30%，规模连续16年位居全球首位；全国一天生产逾15亿块芯片、4万多辆新能源汽车。总书记在“科技三会”上强调抓住历史机遇，加快推进高水平科技自立自强；在地方考察中要求立足资源禀赋和产业基础，因地制宜发展新质生产力，并指出传统产业不能一退了之，要统筹好培育新动能和更新旧动能的关系。

Commentary in Chinese | 评论

中国制造业增加值占全球约30%，连续16年位居榜首，现代化产业体系的加速建设将夯实其全球供给地位。对以中国为主要采购地的NZ中小企业，产业升级有望提供更高质量、更具性价比的中间品，但需留意内循环政策对出口产能的间接挤压。同时，中国改造传统产业、培育未来产业，正催生对功能性原料、精密器件的细分进口需求，乳品活性成分、羊毛精加工等或迎窗口。

此外，科技自立自强步伐加快，NZ技术型企业在农业科技、环保领域可探索联合研发。供应链深度耦合下，主动跟踪合作伙伴的转型节奏，而非紧盯短期价格，才能控制长期成本波动。

关键词: 现代化产业体系, 实体经济, 新质生产力, 科技创新, 制造业, 十五五规划, 传统产业转型升级, 新兴产业, 未来产业, 高质量发展

Source: China.org.cn