Editor's note: The recently unveiled "top 10 Chinese buzzwords" of 2023 by the literary periodical Yaowen-Jiaozi featured the term "new quality productive forces" at the top of the list. The term, first put forward by President Xi Jinping during his inspection tour to northeast China in this September, represents the leapfrog growth in productivity which is predominantly fueled by technological innovation. Here, China.org.cn examines the significance of the term and investigates its relevance to China's pursuit of high-quality economic development.