Analysis: China’s Pursuit of ‘New Productive Forces’ Appears Doomed to Fail

The three main drivers of the Chinese economy have all stalled, and the CCP is now pushing forward with "new productive forces" as a movement. The chairman of Wuliangye Group even claims that the liquor industry is an important carrier for developing new productive forces. Pictured is the Wuliangye Group's distillery in Yibin, Sichuan Province, China on Novermber 9, 2007. Guang Niu/Getty Images

News Analysis

Xi Jinping, the paramount leader of the Chinese Communist Party (CCP), has coined numerous new terms since taking office, with “new productive forces” being one of his latest. This term has garnered significant attention during the recent CCP Two Sessions, triggering propaganda and educational campaigns throughout China. However, a critical analysis suggests that Xi’s ambition to overcome China’s economic challenges through comprehensive industrial upgrades is fundamentally unrealistic and is likely to result in yet another manifestation of corruption within the CCP officials, leading to failure.