December 15, 2023
BEIJING – China will devote more financial resources and roll out new policies to encourage companies to achieve breakthroughs in crucial technologies in 2024, as part of its broader push to cultivate new productivity boosters for economic growth amid challenges and external uncertainties, officials and experts said on Wednesday.
Specific measures could include leveraging government bonds to support innovation by companies and motivating private companies to participate in key innovation projects, they added.
The comments came after the Central Economic Work Conference, which ended on Tuesday, called for efforts to promote industrial innovation through sci-tech innovation, and in particular, to forge new industries, models and impetus with disruptive and cutting-edge technologies.
Lin Zechang, head of the Ministry of Finance’s general affairs department, said at a seminar in Beijing on Wednesday that the ministry will actively support technological innovation, guarantee the funding for research on core technologies and continuously increase support for basic research.
Zhao Xijun, co-president of the China Capital Market Research.