New forces reshape how China buys

New forces reshape how China buys

The Star Online - Business·2026-04-03 19:00

China's move to cultivate new quality productive forces will help boost domestic demand, encouraging a shift from mass consumption to "personalised, high-quality" consumption, analysts say.

One of the major strategic tasks highlighted in the country's 15th Five-Year Plan (2026-30) is pursuing high-quality development. New quality productive forces — which include "AI Plus", smart manufacturing, data-driven industries, and green technology — are integral to high-quality development, according to the plan.

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