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NDRC: Recreation of High-Tech Industry in CN Over Next Decade, Comprehensive Rectification of 'Involution' Competition
2025-10-24 10:42:39 The Central Committee of the Communist Party of China (CPC) held a press conference today (24th), where Zheng Zhajie, Secretary of the Party Leadership Group and Director of the National Development and Reform Commission (NDRC), remarked that innovation and nurturing new industries aim to cultivate and expand emerging and future industries. The "Recommendations of the Central Committee of the CPC on Formulating the 15th Five-Year Plan for National Economic and Social Development" propounded to create new pillar industries, expedite the development of strategic emerging industry clusters such as new energy, new materials, aerospace, and low-altitude economy, which will give rise to markets worth trillions of yuan or even larger. The "Recommendations" also proposed a forward-looking layout for future industries, promoting quantum technology, bio-manufacturing, hydrogen energy and nuclear fusion energy, brain-computer interfaces, embodied intelligence, and sixth-generation mobile communications as new economic growth points. These industries are poised to drive the recreation of a high-tech industry in China over the next decade. Zheng furthered that China's negative list for market access has been revised four times, reducing from 328 items to the current 106 items, and over 4,200 policy measures hindering the flow of factors have been cleared, though many bottlenecks remain. The "Recommendations" also suggested to unify basic market institutional rules, eliminate local protectionism and market segmentation, standardize local government economic promotion behaviors, unify market supervision and law enforcement, and comprehensively rectify "involution" competition, which will more effectively remove various market barriers. ~ AASTOCKS Financial News Website: www.aastocks.com | |