Digital, real economies get together

China a global leader in giving virtual, industrial sectors a push into future

China’s push to cultivate innovation-driven growth will inject new life into the country’s real economy and fuel the integration of cutting-edge technologies with manufacturing, experts said.

These experts spoke on the subject after Xi Jinping, general secretary of the Communist Party of China Central Committee, urged the promotion of innovation as part of the country’s efforts to develop a modernized economy and to push the country’s economic development to a new level.

Qu Xianming, an expert with the National Manufacturing Strategy Advisory Committee, said that as China pushes the in-depth incorporation of technological advances with economic and social development, innovation will contribute to an increasingly larger part of the real economy.

“Industrial growth will benefit considerably from the strategy, which can motivate the long-predicted convergence of IT and industrial worlds to pick up momentum in China,” Qu said.

According to the 2017 report of the World Intellectual Property Organization, China is the only middle-income country among the world’s top 25 most innovative economies, where it is ranked 22.

China now has more researchers than the United States, outspends the European Union in research and development and “is on