According to Hong Kong's South China Morning Post website on November 23rd, this week's guidance posted on the government website said that in addition to starting from artificial intelligence to robotics and other advanced technologies, the government aims to add momentum to efforts to upgrade industries in all aspects. In the 'stimulate private investment vitality'.
Reported that the "Made in China 2025" in Beijing triggered the United States and the EU 'concern', led by the Ministry of Industry and Information Technology, under the guidance of the guidance, the more important role assigned to the domestic private enterprises.
According to reports, under the guidance of the guideline, domestic private-owned enterprises will set up government-supported and national-level laboratories and at the same time endeavor to develop themselves into 'global leaders' in the field of technology.
The guidance will also encourage private-sector enterprises to participate in core projects and liberalize industrial control systems, industrial software, computer chips, sensors and cloud systems tailored to specific industries and smart platforms, allowing more private investment to enter.
According to reports, private companies that develop digital factories will receive government support, and according to the guidance, the government in particular will allow more private participants to enter the telecommunications sector and support private enterprises in the joint research of military and civilian technologies.
According to the guidance, China's goal will be to cultivate a group of specialized "young giants" enterprises that focus on the core basic components (components), key basic materials and advanced basic technology segments.
The report said despite the lack of details, the guidance sent a strong signal that Beijing is prepared to allow its private sector to share more and more national research budgets, and that the government will provide private-owned Chinese companies with the aid they previously enjoyed only state-owned enterprises.
Earlier this week, the Chinese government determined that Internet giants Baidu, Alibaba and Tencent, as well as voice intelligence specialist ITC IFC, were the first Chinese government to promote the development of the next generation of artificial intelligence Technology company.
In a statement, the government said: 'The private sector is the main force and commando made in China.'
In the meantime, Beijing is working to promote private investment by providing order and opportunities for private enterprises.
Ji Mo, chief Asia economist at Orient Crest Asset Management, said private investment is often driven by China's huge market potential.
Christopher Baldin, an associate professor at Peking University's HSBC School of Management, said the slowdown in private investment may have stemmed from productivity gains, with fewer machines or workers needed to produce the same output.