CAI MENG/CHINA DAILY

Editor's note: China Daily's Business Insight section has launched a column devoted to an in-depth interpretation of Xi Jinping's economic thought, with this article serving as the debut piece of the new series.

The 15th Five-Year Plan period (2026-30) is a crucial timeframe for laying a solid foundation to basically realize socialist modernization. The fourth plenary session of the 20th Central Committee of the Communist Party of China requires remarkable results in advancing high-quality development, and major breakthroughs are needed in developing new quality productive forces, fostering a new development pattern and building a modernized economic system.

This requires a thorough understanding of the important discourses by Xi Jinping, general secretary of the CPC Central Committee, on new quality productive forces.

It is crucial for us to understand the relationship between new quality productive forces and high-quality development.