China will double down on efforts to nurture strategic emerging industries including next-generation information technology, artificial intelligence, biological sciences, new energy and new materials and foster new growth engines. This will be part of a broader push to speed up the construction of a modern industrial system backed by the real economy amid external uncertainties, according to the country’s top economic regulator.
He said China should advance high-level opening-up, further attract foreign investment, support enterprises to enhance their capacities in global operations and take an active part in formulating international economic and trade rules. More efforts should be made to achieve breakthroughs in core technologies in key fields including basic materials and software, precision components, integrated circuits and high-end equipment, to enhance China’s independent innovation capacity, Li added.
