As federal funding cuts put the US at risk of losing its long-held scientific leadership, China launched an all-out innovation offensive – turbocharging its R&D budget to unprecedented levels, attracting top-tier global talent, and executing a systematic strategy to dominate the technologies of the future. These disruptive technologies include AI, humanoid robotics, and 6G-enabled communication…
“With the rapid development of the low-altitude economy, some national security risks arising from the sector … warrant attention,” the Ministry of State Security said in a social media post on Sunday. The ministry said a large amount of sensitive data had been generated during aircraft production and flight, and this had to be managed…
One day after a high-profile symposium hosted by President Xi Jinping and attended by China’s leading entrepreneurs, Beijing has unveiled new measures in support of the private sector – an act the president explicitly backed in his speech. Legislation to promote the private economy is also set for a second review later this month, both…
A high-profile policy meeting has revealed the key official players behind China’s science and technology drive, as the country pushes for more unified leadership in the sensitive sectors. The line-up includes finance and education ministry officials, academic chiefs, regional government heads and military officers, footage of the national science and technology work conference aired by…
China’s top legislature will begin its annual parliamentary meeting on March 5 next year – a session that will be closely watched by investors as Beijing will announce its growth target and decide on ways to stimulate the country’s stalled economy. The start date of the third annual session of the 14th National People’s Congress…
Chinese Premier Li Qiang has warned local governments not to target private companies with unfair fines and promised further measures to improve the business environment next year. The pledge – made at a meeting of the State Council, China’s cabinet, on Monday – follows accusations that some local authorities have been trying to raise extra…
China’s economic growth this year will be about 5 per cent, a high-level official said on Saturday, suggesting that the country is hitting its annual target. The world’s second-largest economy is going to achieve major goals for 2024 and contribute to nearly 30 per cent of global growth, Han Wenxiu, deputy director of the Central…
China is overhauling its vocational education courses to expand the pool of hi-tech workers for strategic sectors. The Ministry of Education unveiled 40 new vocational majors on Thursday – more than half of them in advanced manufacturing and digital technology – to promote a digital, marine, and low-altitude economy, according to state broadcaster CCTV. The…
China is overhauling its vocational education courses to expand the pool of hi-tech workers for strategic sectors. The Ministry of Education unveiled 40 new vocational majors on Thursday – more than half of them in advanced manufacturing and digital technology – to promote a digital, marine, and low-altitude economy, according to state broadcaster CCTV. The…
Necessary upgrades to China’s ageing urban infrastructure could see China spend upwards of 4 trillion yuan (US$551 billion) over the next five years, while technology-focused projects such as data centres and AI-related advancements are among the future-facing industries that also hold immense potential for increased investment funds, according to the country’s top economic planner. As…