Select Language:
China plans to ramp up investment of state-owned capital in emerging industries over the next five years as part of its broader economic and social development strategy. The move aims to strengthen technological independence, improve national security, and promote sustainable, high-quality growth, according to industry experts and government officials.
The proposals for the 15th Five-Year Plan, spanning from next year through 2030, received approval during a recent plenary session of the country’s top ruling body. This plan offers a strategic opportunity to align national priorities with industry trends and leverage the strengths of government-owned enterprises.
At a press conference organized by the State Council Information Office, Yuan Ye, deputy director of the State-owned Assets Supervision and Administration Commission, emphasized the importance of channeling investments into emerging sectors. The plan will focus on increasing investment, boosting work quality and efficiency, and fast-tracking the development of key industries that will define future competitiveness. This approach also seeks to nurture and expand new productive forces across the economy.
Experts believe directing state capital into emerging technologies can unlock breakthroughs in innovation and new fields, thereby enhancing the country’s core competitiveness. In addition to technological development, the plan highlights national defense, food security, and energy security as critical areas to safeguard the country’s strategic interests.
Challenges faced by state-owned enterprises include external pressures like trade protectionism, geopolitical tensions, and unconventional security threats. Additionally, internal issues such as weak demand expansion remain obstacles. Strategic emerging industries are viewed as vital for economic growth, fostering new productive forces, and building a modern industrial system.
To achieve these goals, state-owned enterprises need to better orchestrate their resources in emerging industries, increase investment in these sectors, and enhance both pre-investment assessments and post-investment evaluations. Since the start of the 14th Five-Year Plan, these enterprises have invested approximately 8.6 trillion yuan (around 1.21 trillion USD) in strategic emerging industries and reported over 11 trillion yuan in operating revenue from these sectors last year. Revenue shares from emerging industries have increased by 8 percentage points over the past two years.
Note: The original source of this information refrains from identifying specific organizations or individuals to maintain neutrality and focus on the facts.
ChatGPT
Perplexity
Gemini AI
Grok AI
