Smart productivity will boost nation's manufacturing strength

Jonathan Woetzel is director of the McKinsey Global Institute and senior partner at McKinsey & Company, a multinational management consulting firm based in the United States.

What are your impressions about major economic and industrial policies released from the 19th CPC National Congress?

The overall policy direction is consistent with China's transition to a productivity-led economy. Public sector consolidation and reform, support for the private economy, and the acceleration of restructuring based on innovation and digitization, will be critical to sustaining China's development in the next five years.