Su Jian: Expanding high-quality demand is key to developing new productive forces.

On December 16th, Su Jian, a professor at the School of Economics of Peking University and director of the National Economic Research Center, stated that expanding high-quality demand is crucial for developing new productive forces. By encouraging product innovation to provide high-quality new products to the market, new supply can be created to meet new demand. By promoting process innovation to reduce production costs, more ordinary consumers can enjoy new products, leading to new demand driving new supply. This virtuous cycle will simultaneously promote the economy to achieve qualitative and efficient growth as well as reasonable quantitative growth.