Politics · China · 2 days ago

China issues guidance to develop technology-led industries and productivity

China issues guidance to develop technology-led industries and productivity

China published new guidance on October 9 for developing what it calls “new quality productive forces.”

The term refers to advanced, innovation-led economic activity, including new technologies and improvements to existing industries.

The guidance was issued by the Communist Party’s Central Committee and the State Council, China’s cabinet.

It sets out priorities such as scientific research, applying research in industry, changes to how development is pursued, and workforce development.

The policy also stresses that regions should build on their own resources and industrial strengths rather than all pursuing the same fashionable sectors.

This matters because China says it needs stronger innovation and productivity as it faces limits on resources and gaps in some key technologies.

The guidance outlines arrangements for putting these priorities into practice, but gives no specific timetable in the information available.

Sources

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