A recent report from China’s State Council reveals that the country’s innovation-driven development strategy is gaining significant momentum, marking notable advancements in various technological sectors.
The report, submitted to the ongoing session of the Standing Committee of the National People’s Congress, highlights remarkable achievements in Beijing, Shanghai, and the Guangdong-Hong Kong-Macao Greater Bay Area as leading international centers of science and technology innovation.
In 2023, China’s integrated circuit industry experienced rapid growth, with production increasing by 22.2%. The export value of integrated circuits reached an all-time high, surpassing 1.1 trillion yuan (approximately $153 billion), showcasing China’s expanding influence in the global tech market.
The deployment of domestically produced high-end equipment also saw a surge. High-horsepower tractors equipped with continuously variable transmission and large liquefied natural gas ships have been put into operation, indicating significant progress in advanced manufacturing.
The report emphasizes the deep integration between technological and industrial innovation in China. The nation’s efforts to establish a modern industrial system are accelerating, paving the way for sustainable economic growth.
Furthermore, China has made substantial progress in promoting green and low-carbon development. Energy consumption per unit of gross domestic product declined by over 3% in 2023, reflecting the country’s commitment to environmental sustainability and the cultivation of new, high-quality productive forces.
These developments signal China’s growing role as a global leader in innovation, technology, and sustainable development, setting the stage for future advancements that could have a profound impact on the international community.
Reference(s):
Report reveals China's innovation-driven development is gaining steam
cgtn.com
