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As China prepares its new five-year plan, a profound shift is underway.
After decades of expansion driven by capital and capacity, the focus is turning toward productivity and innovation.
"The scale of economy helped China. But now it's a time to focus on productivity," Robin Xing, the chief China Economist at Morgan Stanley, told CGTN at the 2025 Financial Street Forum.
From AI and next-generation batteries to humanoid robotics and biotech, emerging industries are not just new growth engines; they signal a transformation in China's development model.
Scale built China's past. New quality productive forces will define the future.