my country's future pillar industries

What pillar industries will my country's GDP rely on in the future?

First, China's economy should be driven by high-end manufacturing. China's demographic dividend is being lost, and labor costs are getting higher and higher, so low-end manufacturing industries such as clothing production and mobile phone assembly can only run to Southeast Asia, and my country is now turning to high-end manufacturing and high value-added product manufacturing. In the future, there will be more and more high-tech companies like Huawei and ZTE, and they will play a pivotal role in economic growth.

Second, the automotive intelligent industry is emerging. With the continued over-expectation of new energy vehicle sales and the increase in penetration, the development of automobiles is moving from the first half of electrification to the second half of intelligence. Investment opportunities such as autonomous driving, smart cockpits and related components will become the focus of the development of the automotive intelligent industry.

Third, artificial intelligence and hardware industries are born out of fire. The rapid development of artificial intelligence has led to high demand for computing power. Coupled with the impact of the US AI chip ban, the development of domestic computing power has received attention. As the hardware cornerstone of computing power, the market size of AI chips is expected to continue to expand, especially my country's self-controlled AI chips are expected to usher in development opportunities.

Fourth, the big health industry is driven by market demand. The aging situation in my country is getting more and more serious. At present, the number of elderly people over 60 years old in my country is as high as 240 million, accounting for 17% of the total population. With the arrival of an aging society in my country, it is estimated that by 2035, the number of elderly people over 60 years old in China will reach about 400 million.

Fifth, high-level professional service industry. With the transformation and upgrading of the economic structure and the improvement of people's living standards, the contribution of the service industry to economic development will become greater and greater. Financial, tourism, cultural and creative services are expected to become new pillars of my country's economy in the future.

Sixth, real estate industry. Although the current real estate industry has entered a weak cycle, my country's current economy still depends on it for support. After all, the real estate industry has driven dozens of upstream and downstream industries (steel, home appliances, etc.).

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