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Accelerating the construction of a new power system is on the cards after a comprehensive strategy was released by China's National Development and Reform Commission (NDRC), the National Energy Administration (NEA), and the National Data Bureau on August 6, detailing nine special actions to achieve tangible results in building a new power system by 2027.
The Innovation Credit System (ICS), piloted in 2020, is set for an upgrade and expansion.
Small and medium-sized enterprises recently got a shot in the arm after the release of a special program to support them in technological innovation, through a governmental financing guarantee system.
An action plan for the low-carbon transformation and construction of coal power (2024-2027) has recently been released by the National Development and Reform Commission and the National Energy Administration.
Recently, a guideline on strengthening commercial and financial coordination and supporting the high-quality development of cross-border trade and investment was released by the Ministry of Commerce (MOFCOM), the People's Bank of China, the National Financial Regulatory Administration and the State Administration of Foreign Exchange.
The China National Intellectual Property Administration (CNIPA) recently issued a notice to facilitate the efficient operation of the patent open license system by expanding the modes and channels for the transformation and application of patents.
Over the past decade, China has prioritized structural scientific and technological reform as a crucial aspect of comprehensively deepening reforms, laying the foundation for a systemic framework to support sci-tech innovation.
China will organize a selection of advanced green technologies and release a green technology promotion catalog (2024 edition), according to a notice released by the National Development and Reform Commission and seven other government departments.
China's capital market plays an increasingly more important role in facilitating tech enterprises' access to financing.
By 2026, China expects to develop more than 50 new national and industrial standards for AI development, and participate in the development of over 20 international AI standards.
A set of measures aimed at encouraging new consumer scenarios and supporting new growth points were unveiled in a circular on June 24, through a joint effort led by the National Development and Reform Commission (NDRC) and four other related departments.
After China released a two-year action plan for energy conservation and carbon reduction, five key departments, including the National Development and Reform Commission and the National Energy Administration, collaborated to issue a specific action plan for the oil refining industry this June. This plan aims to improve energy efficiency in the sector and reduce CO2 emissions.
China has been improving its science and technology policies to encourage R&D. For more than a decade, a series of important sci-tech policies and measures have been introduced.
China is gearing up to improve its seascape by building or renovating around 110 beautiful bays across the country. The Ministry of Ecology and Environment (MEE) has issued an action plan to expand and upgrade the "beautiful bay" initiative, a key strategy to revitalize and safeguard the coastal ecosystem.
In late May, Zhejiang province issued a guideline on deepening the reform of data intellectual property rights (IPRs) to promote high-quality development. This is China's first provincial-level policy specifically focused on data intellectual property.
China's State Council recently released a two-year action plan aimed at energy conservation and carbon reduction to support the carbon peaking and carbon neutrality goals.
To better integrate advanced manufacturing with modern service industries, the Ministry of Industry and Information Technology recently issued a guideline to establish standards for service-oriented manufacturing.
The "Canglong" wheeled crane set a new record with the largest lifting capacity of a beam-moving machine in China. This milestone marks a significant achievement for the country's bridge construction industry.
