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China is prioritizing total factor productivity (TFP) in its five-year growth strategy to achieve high-quality development, with significant advancements in technology and manufacturing. Innovations such as brain-computer interfaces and a satellite 'superfactory' in Hainan are indicative of the country's ambitions to become a global tech hub, while startups in Shenzhen are streamlining R&D costs through established supply chains. Additionally, global firms are expanding their operations in China, supported by a skilled workforce and initiatives in renewable energy contributing to carbon reduction goals.