China Accelerates Efforts Toward Sci-Tech Innovations and Market Stability
Senior officials in China emphasize advancements in science and technology alongside market stabilization as key priorities for 2025.
In a series of significant developments, China's senior officials convened pivotal discussions in Beijing, focusing on science and technology innovation and market stabilization.
Ding Xuexiang, director of China's central science and technology commission, underscored the strategic imperative to propel forward advancements in science and technology.
Speaking at a national science and technology conference, Ding emphasized leveraging the new-type national system to bolster core technology research and maximize synergies between industry, academia, research, and practical application.
Furthermore, he advocated for completing major sci-tech projects and integrating sci-tech with industrial innovations.
Ding also highlighted the significance of international collaboration, urging the construction of global and regional sci-tech innovation centers and fostering an open and cooperative scientific research environment.
Simultaneously, the China Securities Regulatory Commission (CSRC) affirmed its commitment to ensuring a stable financial market landscape in 2025. Outlining its strategic priorities, the CSRC announced plans to collaborate with the central bank to enhance monetary policy effectiveness and address market concerns proactively.
Key initiatives include streamlining medium- and long-term capital market access, improving institutional inclusivity, and fostering greater connectivity between Chinese and international capital markets.
The regulator also aims to bolster regulatory effectiveness and investor protection, while diversifying futures products, particularly in agriculture, manufacturing, and green transformation.
In global trade, China's auto industry recorded substantial growth, with output and sales surpassing 31 million units in 2024—the highest globally.
This success, amidst challenges such as consumer confidence and trade protectionism, is attributed to supportive government policies and enterprise-led promotions.
Notably, new energy vehicle production and sales surged, reflecting China's commitment to green transition.
The export sector also saw remarkable growth, with a 19.3 percent increase in vehicle exports.
On the technological frontier, Chinese AI companion robots have captured investor interest, highlighted by significant angel round financing for Shenzhen Xuanyuan Technology Co., Ltd. The developments point to a burgeoning AI companion industry in China, as reported by Tencent Research Institute.
AI companion products are gaining traction for their emotional interaction capabilities, particularly benefiting vulnerable groups like children and the elderly.
Moreover, China's foreign trade soared to new heights in 2024, with total goods imports and exports valued at approximately 6.1 trillion U.S. dollars.
The General Administration of Customs attributed this achievement to various policy measures and structural optimizations, particularly in high-tech product exports and green trade.
Imports, while growing, faced challenges due to global price variations and geopolitical factors.
In financial markets, China's commitment to maintaining a stable RMB exchange rate was reiterated.
The People's Bank of China and the State Administration of Foreign Exchange affirmed comprehensive measures to ensure market stability and resilience.
These efforts reflect China's broader strategy to safeguard its economic recovery fundamentals and enhance the foreign exchange market's operational stability.
Collectively, these strategic directions demonstrate China's proactive measures and commitment to fostering growth, innovation, and stability across key sectors, underscoring its position in the global economy.
Ding Xuexiang, director of China's central science and technology commission, underscored the strategic imperative to propel forward advancements in science and technology.
Speaking at a national science and technology conference, Ding emphasized leveraging the new-type national system to bolster core technology research and maximize synergies between industry, academia, research, and practical application.
Furthermore, he advocated for completing major sci-tech projects and integrating sci-tech with industrial innovations.
Ding also highlighted the significance of international collaboration, urging the construction of global and regional sci-tech innovation centers and fostering an open and cooperative scientific research environment.
Simultaneously, the China Securities Regulatory Commission (CSRC) affirmed its commitment to ensuring a stable financial market landscape in 2025. Outlining its strategic priorities, the CSRC announced plans to collaborate with the central bank to enhance monetary policy effectiveness and address market concerns proactively.
Key initiatives include streamlining medium- and long-term capital market access, improving institutional inclusivity, and fostering greater connectivity between Chinese and international capital markets.
The regulator also aims to bolster regulatory effectiveness and investor protection, while diversifying futures products, particularly in agriculture, manufacturing, and green transformation.
In global trade, China's auto industry recorded substantial growth, with output and sales surpassing 31 million units in 2024—the highest globally.
This success, amidst challenges such as consumer confidence and trade protectionism, is attributed to supportive government policies and enterprise-led promotions.
Notably, new energy vehicle production and sales surged, reflecting China's commitment to green transition.
The export sector also saw remarkable growth, with a 19.3 percent increase in vehicle exports.
On the technological frontier, Chinese AI companion robots have captured investor interest, highlighted by significant angel round financing for Shenzhen Xuanyuan Technology Co., Ltd. The developments point to a burgeoning AI companion industry in China, as reported by Tencent Research Institute.
AI companion products are gaining traction for their emotional interaction capabilities, particularly benefiting vulnerable groups like children and the elderly.
Moreover, China's foreign trade soared to new heights in 2024, with total goods imports and exports valued at approximately 6.1 trillion U.S. dollars.
The General Administration of Customs attributed this achievement to various policy measures and structural optimizations, particularly in high-tech product exports and green trade.
Imports, while growing, faced challenges due to global price variations and geopolitical factors.
In financial markets, China's commitment to maintaining a stable RMB exchange rate was reiterated.
The People's Bank of China and the State Administration of Foreign Exchange affirmed comprehensive measures to ensure market stability and resilience.
These efforts reflect China's broader strategy to safeguard its economic recovery fundamentals and enhance the foreign exchange market's operational stability.
Collectively, these strategic directions demonstrate China's proactive measures and commitment to fostering growth, innovation, and stability across key sectors, underscoring its position in the global economy.
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