Firms to get support for future tech, products
5 months, 2 weeks ago

Firms to get support for future tech, products

China Daily  

A robot dog on display at the Global Digital Economy Conference 2024, which kicked off on Tuesday in Beijing. CHENG GONG/FOR CHINA DAILY China will encourage companies and institutions to develop core technologies and landmark products in future-oriented and strategic emerging industries, to drive industrial upgrade and promote new industrialization, the country's top industrial regulator said on Friday. He said the nation will also step up efforts to drive businesses in strategic emerging industries, which accounted for about 13 percent of China's GDP last year and boast significant growth potential in the future. "China will make greater efforts to cultivate leading companies with strong ecosystems related to such strategic emerging industries, and will strive to build more new pillar industries that can drive industrial upgrades," he added. Analysts at Wanlian Securities said in a research note that strategic emerging and future-oriented industries will be the key focus areas for industrial upgrade under the plan for developing new quality productive forces.

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History of this topic

China's Industrial Revolution: Navigating Technological Crossroads
2 months ago

China's Industrial Revolution: Navigating Technological Crossroads

China Daily  

China's push for new industrialization faces challenges but also new opportunities. The country's massive domestic market and active participation in global trade offer China the chance to leverage its complete industrial system and vast market size. However, China's industrial foundation remains weak, and there are gaps in the supply and industrial chains. The country must overcome key core technological barriers, …

China invests heavily in large-scale equipment renewals amid green drive
2 months, 4 weeks ago

China invests heavily in large-scale equipment renewals amid green drive

China Daily  

An employee works on the assembly line of a tractor manufacturer in Weifang, Shandong province. LI ZIHENG/XINHUA The technological transformation driven by China's large-scale equipment renewals will enable businesses to make significant strides in areas such as smart manufacturing, new energy and green technologies, further bolstering the country's economic momentum, said government officials on Tuesday. Complementing these efforts, the government …

China invests heavily in large-scale equipment renewals amid green drive
2 months, 4 weeks ago

China invests heavily in large-scale equipment renewals amid green drive

China Daily  

An employee works on the assembly line of a tractor manufacturer in Weifang, Shandong province. LI ZIHENG/XINHUA The technological transformation driven by China's large-scale equipment renewals will enable businesses to make significant strides in areas such as smart manufacturing, new energy and green technologies, further bolstering the country's economic momentum, said government officials on Tuesday. Complementing these efforts, the government …

China unveils equipment renewal plan for energy sector
4 months ago

China unveils equipment renewal plan for energy sector

China Daily  

A technician works on the production line of a machinery company in Luannan county, Hebei province. BEIJING - Chinese authorities on Wednesday unveiled an action plan to promote large-scale equipment renewals in the energy sector, as it moves towards achieving carbon reduction goals. By 2027, China's equipment investment in key areas of the energy sector is expected to increase by …

Time to explore growth mechanism for development of future industries
4 months, 2 weeks ago

Time to explore growth mechanism for development of future industries

China Daily  

Workers operate on an assembly line of new energy vehicles in Jinhua, Zhejiang province, in July. HU XIAOFEI/FOR CHINA DAILY The central authorities recently said China will improve the system and mechanism for developing new quality productive forces and establish an input growth mechanism for the development of future industries. Future industries serve not only as an important engine for …

Traditional sectors bloom in new thrust
5 months ago

Traditional sectors bloom in new thrust

China Daily  

A worker inspects an intelligent yarn production line in Qingdao, Shandong province, on July 15. China, the world's manufacturing powerhouse, is facing a big challenge as it scrambles to cultivate cutting-edge technologies and emerging fields, and deal with its sprawling traditional industries such as steel, nonferrous metals and building materials. Jin Zhuanglong, minister of industry and information technology, has said …

Fostering new growth drivers high on agenda
5 months ago

Fostering new growth drivers high on agenda

China Daily  

A robotic arm works on a photovoltaic module production line of a new energy company in Ordos, Inner Mongolia autonomous region, on March 21, 2024. China's emphasis on improving the mechanisms for fostering new quality productive forces and promoting the deeper integration of digital and real economies will inject fresh impetus into high-quality development, create new growth drivers and competitive …

Traditional sectors bloom in new thrust
5 months ago

Traditional sectors bloom in new thrust

China Daily  

A worker inspects an intelligent yarn production line in Qingdao, Shandong province, on July 15. China, the world's manufacturing powerhouse, is facing a big challenge as it scrambles to cultivate cutting-edge technologies and emerging fields, and deal with its sprawling traditional industries such as steel, nonferrous metals and building materials. Jin Zhuanglong, minister of industry and information technology, has said …

Innovation key driver of country's sustained high-quality development
6 months ago

Innovation key driver of country's sustained high-quality development

China Daily  

Researchers adjust a humanoid robot at an AI laboratory on Jan 31, 2024. President Xi Jinping has stressed the importance of the development of the country's science and technology sector on many occasions, saying that innovation has always been the primary driver of the country's development. The suppression, blockades and sanctions have motivated China to intensify its efforts to tackle …

Foreign investors upbeat on innovation
8 months, 2 weeks ago

Foreign investors upbeat on innovation

China Daily  

Dozens of ice resurfacers and snowmaking machines produced by TechnoAlpin were recently transported from its logistics and warehousing center in Hebei province to ice and snow venues around the world. Accelerating the development of new quality productive forces, promoting high-quality development, and shaping new drivers of economic development, China not only provides new opportunities for the optimization of its domestic …

Confidence, certainty and potential behind China's 2024 growth target
9 months, 1 week ago

Confidence, certainty and potential behind China's 2024 growth target

China Daily  

The skyline of Beijing. BEIJING - China has targeted its economic growth at around 5 percent for 2024, a goal that officials and experts believe is well within reach considering the country's sound economic fundamentals and supportive macroeconomic policy mix. China's exports of the tech-intensive green trio -- lithium-ion batteries, photovoltaic products, and NEVs -- amounted to 1.06 trillion yuan …

Industrial upgrades crucial to propelling growth
9 months, 2 weeks ago

Industrial upgrades crucial to propelling growth

China Daily  

A leading economist has called for heightened focus on harnessing cutting-edge technologies and supporting small and medium-sized enterprises to foster "new quality productive forces" and propel China's economic growth. "The development of new quality productive forces not only includes fostering new industries and new impetus with disruptive and cutting-edge technologies, but also facilitating the development of future-oriented industries and strategic …

Industrial upgrades crucial to propelling growth
9 months, 2 weeks ago

Industrial upgrades crucial to propelling growth

China Daily  

A leading economist has called for heightened focus on harnessing cutting-edge technologies and supporting small and medium-sized enterprises to foster "new quality productive forces" and propel China's economic growth. "The development of new quality productive forces not only includes fostering new industries and new impetus with disruptive and cutting-edge technologies, but also facilitating the development of future-oriented industries and strategic …

China’s plans for 2024 prioritize technology, offer scant comfort for businesses and investors
9 months, 2 weeks ago

China’s plans for 2024 prioritize technology, offer scant comfort for businesses and investors

Associated Press  

BEIJING — China’s blueprint for its economy in 2024 is replete with goals and promises, but it’s also notable for not spelling out specific moves to attain long-promised reforms that foreign businesses and investors have been hoping for. “While we saw some positive signals in the government work report, a road to restoring confidence will likely take some time and …

China sets goals to breakthrough in future industries
10 months, 3 weeks ago

China sets goals to breakthrough in future industries

China Daily  

Humanoid robots perform at the World Robot Conference 2023 in Beijing, capital of China, Aug 16, 2023. China aims to achieve breakthroughs in humanoid robots, quantum computers, high-speed trains, next-generation aircraft, green intelligent ships and unmanned watercraft, as part of its broader push to cultivate future industries, according to a government guideline. The guideline, unveiled by the Ministry of Industry …

New project to bolster high-quality industrial progress
1 year ago

New project to bolster high-quality industrial progress

China Daily  

A robot operates equipment on the assembly line of an automaker in Xi'an, Shaanxi province. YUAN JINGZHI/FOR CHINA DAILY China has unveiled a new program to boost the high-quality development of its sprawling manufacturing sector, as the country aims to climb up the global value chain. As China's economy shifts from high-speed growth to a stage of high-quality development, the …

Industry still lynchpin of future growth
1 year, 7 months ago

Industry still lynchpin of future growth

China Daily  

An employee operates a robotic arm at an AI manufacturing plant in Huzhou, Zhejiang province. XIE SHANGGUO/FOR CHINA DAILY Key meeting says shift in focus from real to virtual economy to be avoided China's latest emphasis on speeding up the construction of a modern industrial system backed by the real economy will help the country gain a competitive edge in …

Industry still lynchpin of future growth
1 year, 7 months ago

Industry still lynchpin of future growth

China Daily  

An employee operates a robotic arm at an AI manufacturing plant in Huzhou, Zhejiang province. XIE SHANGGUO/FOR CHINA DAILY Key meeting says shift in focus from real to virtual economy to be avoided China's latest emphasis on speeding up the construction of a modern industrial system backed by the real economy will help the country gain a competitive edge in …

Innovation to help fuel high-quality development
1 year, 10 months ago

Innovation to help fuel high-quality development

China Daily  

An employee runs checks on a robot at a facility in Hai'an, Jiangsu province. Innovation: Targeted steps may help boost high-tech sector China's multipronged pushes for innovation will accelerate productivity growth and give rise to more emerging industries, in turn consolidating the momentum of the country's high-quality development, economists and executives said. Having shown such resilience despite COVID-19 outbreaks, China's …

Shandong to boost development of advanced manufacturing
1 year, 11 months ago

Shandong to boost development of advanced manufacturing

China Daily  

An employee works on the auto parts production line of a carmaker in Yantai, Shandong province. TANG KE/FOR CHINA DAILY According to the provincial government work report, Shandong will take solid steps to build an advanced manufacturing powerhouse, replace old growth drivers with new ones, and make greater efforts to build a modern industrial system. The high-quality development of the …

China unveils plan to shore up industrial economy
2 years, 1 month ago

China unveils plan to shore up industrial economy

China Daily  

This file photo taken on May 15, 2022 shows a production line of Wilo Group, one of the world's leading providers of pumps and pump systems, in a Sino-German industrial park in Shunyi district of Beijing, capital of China. BEIJING -- China will roll out a slew of measures to sustain the recovery momentum of the industrial economy, according to …

Nation set to advance high-level opening-up
2 years, 2 months ago

Nation set to advance high-level opening-up

China Daily  

China will release the sixth list of major foreign investment projects and further expand the 2022 industry catalog of sectors encouraging foreign investment as part of its latest efforts to advance high-level opening-up, a senior government official said on Monday. The moves are part of China's broader efforts to further unleash the potential of foreign investment while upholding true multilateralism …

Shandong to build world-class innovative province
2 years, 8 months ago

Shandong to build world-class innovative province

China Daily  

An employee works at a vehicle production facility in Qingzhou, Shandong province. Shandong is implementing the strategy to develop a quality workforce in the new era as well as speed up the province's upgrading to become a major world hub of talent and innovation. This year, it will strive to increase spending on research and development by more than 10 …

For $300 Billion Electronics Manufacturing Dream, Budget 2022 Must Incentivise Make in India
2 years, 10 months ago

For $300 Billion Electronics Manufacturing Dream, Budget 2022 Must Incentivise Make in India

News 18  

On January 24, the Minister for Electronics and Information Technology, Ashwini Vaishnaw released the vision document on the opportunities and growth of domestic electronics manufacturing. Titled “$300 bn Sustainable Electronics Manufacturing & Exports by 2026”, the report looks at the systemic changes needed to build the manufacturing capability for the domestic sector. While some electronics goods require a large number …

China to boost digitalization of manufacturing
3 years, 8 months ago

China to boost digitalization of manufacturing

China Daily  

Manufacturing robots weld automobile parts in the workshop of Chongqing Jinkang SERES Automobile Co Ltd at its Liangjiang factory on April 2, 2021. China's large manufacturing firms with an annual business turnover of at least 20 million yuan will have all introduced digitalization by 2035, said a draft issued by the Ministry of Industry and Information Technology on Wednesday. By …

More policy support for businesses' R&D
3 years, 9 months ago

More policy support for businesses' R&D

China Daily  

Premier says companies are the most important force in making innovations China will step up efforts to spur innovation as it builds the new development paradigm in the coming five years, bringing sustained growth momentum to its economy and great opportunities to foreign businesses, officials and experts said on Thursday. Zhang Yansheng, chief researcher at the China Center for International …

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