Latest news with #ChinaEconomicRoundtable
Borneo Post
2 days ago
- Business
- Borneo Post
China's R&D-to-market pipeline emerges as global innovation magnet
A staff member (R) of Westwell, a Chinese technology company, introduces a Q-Tractor P40 Plus new energy unmanned vehicle to a visitor during its debut at the 2025 World AI Conference in east China's Shanghai, July 27, 2025. – Xinhua photo BEIJING (July 29): For Liu Qing, director of the National Innovation Center par Excellence (NICE), the first half of 2025 has been an exceptionally busy but rewarding period to expand China's global research footprint. Through efforts like hosting science and innovation forums in countries including Denmark and Australia, the center added 11 new overseas strategic partners during the six months, bringing the total number of its international partners close to 100. 'The market prospects for industrial development in China are indeed attractive to overseas scientists,' said Liu, while speaking on the latest episode of China Economic Roundtable, an all-media talk show hosted by Xinhua News Agency. 'They see it as a place to truly make their results serve humanity.' Behind the center's successful global push lies China's rapidly advancing innovation ecosystem — which puts emphasis not only on research and development (R&D), but also on the commercialization and industrialization of new technologies. Official data showed that China's R&D expenditure exceeded 3.6 trillion yuan (about 503.73 billion U.S. dollars) in 2024, ranking second in the world. Notably, enterprises played a key role in driving such innovation. Data reveals that the corporate sector contributes over 75 percent of national R&D spending and employs more than 75 percent of R&D personnel. These expenditures have turned into tangible breakthroughs. In the fields of quantum technology, life sciences and artificial intelligence, China saw significant recent progress — with many of its industries leading the world. 'Our innovations fuse scientific discovery with industrial capability,' said Gao Qianfeng, co-founder and vice president of GalaxySpace, a Beijing-based commercial space firm. For Gao, the secret behind turning scientific breakthroughs into commercialized products lies in China's robust industrial ecosystem. Noting that the space firm's supply chain spans over 1,000 partners across enterprises, universities and research institutions, Gao said that navigating this extensive ecosystem requires deep collaboration. 'Open collaboration creates catalytic chemistry between labs and factories,' Gao explained. Policy frameworks reinforce this integration. Gan Xiaobin, an official with the Ministry of Industry and Information Technology, said global evidence shows that advanced sci-tech services catalyze deeper industry-academia convergence. Earlier this year, China released an implementation guideline on accelerating the high-quality development of the science and technology services sector — which outlined specific tasks across key areas such as R&D, technology transfer and commercialization, business incubation and technology promotion. The ministry will work with other government departments to accelerate the transformation of research into market-ready products to seed emerging industries, Gan said. Looking forward, Liu of NICE said sustained progress requires increased basic research spending. 'Scientists need to have enough funding to dedicate their time to a single field for three to five years to yield truly groundbreaking discoveries,' he said. This commitment, coupled with robust industrial strength and global outreach, will continue to position China as a central player in global innovation, the experts said. China innovation market RD
Borneo Post
2 days ago
- Business
- Borneo Post
China strengthens enterprise role in innovation-driven development
China is stepping up efforts to solidify the role of enterprises as a core driver of innovation, as officials and experts urge a stronger synergy between scientific and industrial innovation to foster new quality productive forces. – AFP file photo BEIJING (July 29): China is stepping up efforts to solidify the role of enterprises as a core driver of innovation, as officials and experts urge a stronger synergy between scientific and industrial innovation to foster new quality productive forces. Enterprises should lead in identifying innovation needs, investing in R&D, and applying results, said Liu Qing, director of the National Innovation Center par Excellence, at the latest episode of the China Economic Roundtable, an all-media talk show hosted by Xinhua News Agency. 'The biggest challenge lies in uncovering real demand,' Liu noted. To address this, the center has supported leading firms with research funding and co-developed technology roadmaps focusing on their specific needs, as well as those of their upstream and downstream partners. Qin Haoyuan, an official with the Ministry of Science and Technology, said efforts are underway to institutionalize enterprise-led innovation by reinforcing their role in decision-making, R&D investment, research organization, and commercialization. More enterprises are being supported to participate in key national research projects, with improved tax policies aimed at encouraging greater R&D spending, Qin noted. In terms of research organization, leading tech enterprises are encouraged to take the lead in forming innovation consortia with universities, research institutes, and small and medium-sized enterprises, to build high-level innovation platforms, Qin added. Echoing this, Gan Xiaobin, an official with the Ministry of Industry and Information Technology, emphasized the need to expand enterprise participation in the drafting of relevant guidelines and project evaluations. Task-oriented and competitive mechanisms are being introduced to mobilize enterprises to address key technological challenges, Gan added. Gan noted that truly integrating new technologies into enterprises requires moving beyond basic usability toward solutions that are widely adopted and valued. He said the ministry would continue to support leading firms and innovative enterprises to build manufacturing innovation centers and key laboratories. China enterprise innovation
Al Anbat News
18-07-2025
- Business
- Al Anbat News
(China Economic Roundtable) China's economic development zones to further facilitate new quality productive forces
الأنباط - BEIJING, July 14 (Xinhua) -- China's national economic development zones will continue to play a role in fostering new quality productive forces in light of local conditions, according to an official speaking on the latest episode of the China Economic Roundtable, the all-media talk show hosted by Xinhua News Agency. In doing so, efforts will focus on fostering synergy between sci-tech and industrial innovation, said Ji Xiaofeng, an official with China's commerce ministry. China's national-level economic development zones currently host over 700 national incubators and maker spaces as well as more than 18 percent of the country's high-tech enterprises, she said at the roundtable. "We will strive to set up more industrial innovation platforms while building a complete chain for product certification, large-scale production and testing to accelerate technological innovation and application of such advances in national economic development zones," said Ji. She said China will support national economic development zones in carrying out major technological upgrades and large-scale equipment renewals to accelerate the transformation and upgrades of traditional industries. National economic development zones will also develop strategic emerging industries such as biomedicine, new energy, new materials and aerospace, and make forward-looking planning for future industries, according to Ji. In one of the latest policy pushes, China unveiled a work plan earlier this year encouraging national economic development zones to foster new quality productive forces in light of local conditions by establishing more industrial innovation platforms and computing power infrastructure, among other approaches. China established its first national-level economic development zone in the northeastern city of Dalian in 1984. In 2024, the number of such zones reached 232, generating a regional GDP of 16.9 trillion yuan (about 2.36 trillion U.S. dollars). Enditem
Al Anbat News
17-07-2025
- Business
- Al Anbat News
(China Economic Roundtable) Economic Watch: China's economic development zones fast-track innovation with policy push
الأنباط - China's national economic development zones are set to play a bigger role in incubating industrial and technological innovation thanks to the unveiling of a set of policy measures designed to boost new quality productive forces in the zones. More than 40 years since their establishment, national economic development zones have made remarkable strides in advancing China's opening up and enhancing innovation, according to guest speakers at the latest episode of the China Economic Roundtable, the all-media talk show hosted by Xinhua News Agency. National economic development zones feature clusters of strategic emerging industries, including next-generation information technology, new materials, high-end manufacturing, and marine economy and marine equipment, said Ji Xiaofeng, an official with the Ministry of Commerce. China established its first national-level economic development zone in the northeastern city of Dalian in 1984. By 2024, the number of such zones reached 232 across the country. Located in Suzhou Industrial Park, one national economic development zone in east China's Jiangsu Province, Suzhou HYC Technology Co., Ltd. has evolved from a repair business into a global leader in the flat panel display testing industry. "When establishing our semiconductor division, we named the development team 'Team of Qomolangma,' symbolizing our commitment to tackling challenges in semiconductor testing technology and striving to reach the 'peak of technology'," said Chen Wenyuan, the company's chairman, who attributed the company's success to continuous input in tech innovation over the years. Thanks to its increasing focus on R&D related to testing equipment for flat panel display, intelligent wearable, semiconductor and automotive electronics, Suzhou HYC Technology was recognized as a national high-tech enterprise and became the first company listed on China sci-tech innovation board. There are more than 85,000 national-level high-tech firms in China's national economic development zones, accounting for over 18 percent of the country's total high-tech enterprises. In 2024 alone, the national economic development zones accounted for nearly one-quarter of the country's utilized foreign investment and foreign trade volume. Collectively, they generated regional GDP of 16.9 trillion yuan (about 2.36 trillion U.S. dollars). China has made relentless efforts to optimize the business environment in the zones to tap into their role in boosting economic growth and tech innovation, Ji said. The Ministry of Commerce unveiled a work plan in late May to further boost innovation and high-quality development in the zones. The plan outlined policy support for the zones to foster national major industrial and technological innovation platforms, and to encourage leading enterprises in the zones to form innovation consortium with universities and research institutions. To consolidate the foundation of the manufacturing sector, the plan supports such zones to participate in national key projects such as technology transformation and upgrading in manufacturing, and encourages them to upgrade traditional industries through digital intelligence and green technologies, and to establish incubators and pilot zones for future industries. Building on the institutional advantages the national economic development zones have achieved, the document has pledged to further improve and innovate the management models of the zones, which is expected to inject new vitality into the development of companies in the zones, Ji said. She added that the national economic development zones will continue to develop strategic emerging industries such as bio-medicine, new energy, new materials and aerospace, and make forward-looking planning for future industries. The document also promised more efforts to cultivate new quality productive forces in the national economic development zones, which has further increased enterprises' confidence in expanding input on innovation. Focusing on the R&D on industrial intelligence and smart technologies, Nanjing Sciyon Wisdom Technology Group Co., Ltd., a national high-tech enterprise in Jiangning economic development zone in Nanjing, Jiangsu Province, has established a smart factory that meets Industry 4.0 standards and employs a range of advanced automation and intelligent technologies to provide clients with customized products and services. "In the future, we will intensify the research and promotion of new products and technologies such as industrial AI, and assist more enterprises in their transition from digitization to intelligence and smart transformation," said Zhong Congqing, brand manager of the company. Enditem
Borneo Post
15-07-2025
- Business
- Borneo Post
Fast track for China's innovation with policy push
A humanoid robot is displayed at Beijing Economic-Technological Development Area in Beijing, capital of China. — Xinhua photo BEIJING (July 15, 2025): China's national economic development zones are set to play a bigger role in incubating industrial and technological innovation thanks to the unveiling of a set of policy measures designed to boost new quality productive forces in the zones. More than 40 years since their establishment, national economic development zones have made remarkable strides in advancing China's opening up and enhancing innovation, according to guest speakers at the latest episode of the China Economic Roundtable, the all-media talk show hosted by Xinhua News Agency. National economic development zones feature clusters of strategic emerging industries, including next-generation information technology, new materials, high-end manufacturing, and marine economy and marine equipment, said Ji Xiaofeng, an official with the Ministry of Commerce. China established its first national-level economic development zone in the northeastern city of Dalian in 1984. By 2024, the number of such zones reached 232 across the country. Located in Suzhou Industrial Park, one national economic development zone in east China's Jiangsu Province, Suzhou HYC Technology Co Ltd has evolved from a repair business into a global leader in the flat panel display testing industry. 'When establishing our semiconductor division, we named the development team 'Team of Qomolangma,' symbolising our commitment to tackling challenges in semiconductor testing technology and striving to reach the 'peak of technology',' said Chen Wenyuan, the company's chairman, who attributed the company's success to continuous input in tech innovation over the years. Thanks to its increasing focus on R&D related to testing equipment for flat panel display, intelligent wearable, semiconductor and automotive electronics, Suzhou HYC Technology was recognized as a national high-tech enterprise and became the first company listed on China sci-tech innovation board. There are more than 85,000 national-level high-tech firms in China's national economic development zones, accounting for over 18 percent of the country's total high-tech enterprises. In 2024 alone, the national economic development zones accounted for nearly one-quarter of the country's utilized foreign investment and foreign trade volume. Collectively, they generated regional GDP of 16.9 trillion yuan (about US$2.36 trillion). China has made relentless efforts to optimize the business environment in the zones to tap into their role in boosting economic growth and tech innovation, Ji said. The Ministry of Commerce unveiled a work plan in late May to further boost innovation and high-quality development in the zones. The plan outlined policy support for the zones to foster national major industrial and technological innovation platforms, and to encourage leading enterprises in the zones to form innovation consortium with universities and research institutions. To consolidate the foundation of the manufacturing sector, the plan supports such zones to participate in national key projects such as technology transformation and upgrading in manufacturing, and encourages them to upgrade traditional industries through digital intelligence and green technologies, and to establish incubators and pilot zones for future industries. Building on the institutional advantages the national economic development zones have achieved, the document has pledged to further improve and innovate the management models of the zones, which is expected to inject new vitality into the development of companies in the zones, Ji said. She added that the national economic development zones will continue to develop strategic emerging industries such as bio-medicine, new energy, new materials and aerospace, and make forward-looking planning for future industries. The document also promised more efforts to cultivate new quality productive forces in the national economic development zones, which has further increased enterprises' confidence in expanding input on innovation. Focusing on the R&D on industrial intelligence and smart technologies, Nanjing Sciyon Wisdom Technology Group Co Ltd, a national high-tech enterprise in Jiangning economic development zone in Nanjing, Jiangsu Province, has established a smart factory that meets Industry 4.0 standards and employs a range of advanced automation and intelligent technologies to provide clients with customized products and services. 'In the future, we will intensify the research and promotion of new products and technologies such as industrial AI, and assist more enterprises in their transition from digitization to intelligence and smart transformation,' said Zhong Congqing, brand manager of the company. — Xinhua
