The Recommendations of the Central Committee of the Communist Party of China for Formulating the fifteenth Five-Year Plan for National Economic and Social Development won’t solely chart the course for the nation”s improvement over the following 5 years, but additionally present certainty and stable alternatives for the worldwide economic system, mentioned Gao Yunlong, chairman of the All-China Federation of Industry and Commerce.
Chinese enterprises ought to strengthen innovation to bolster their core competitiveness, Gao mentioned, underscoring that “innovation is the primary driver of development”.
Gao made the remarks on the 2025 China Enterprise Forum in Beijing on Monday. The discussion board, organized by the State-owned Assets Supervision and Administration Commission of the State Council, goals to implement the CPC management’s blueprint for advancing Chinese modernization, information Chinese firms to know overarching traits and keep the course, and encourage them to sort out powerful challenges to contribute extra to opening a brand new chapter in Chinese modernization.
Over the previous 5 years, from advances in domestically developed plane and the scaled rollout of satellite tv for pc communications to China’s rise to the highest of worldwide new vitality automobile manufacturing and gross sales, Chinese firms have carved out new area for progress by means of fast innovation, including vitality and momentum to the world economic system, Gao mentioned.
In 2024, Chinese exports of mechanical and electrical merchandise rose 8.7 % year-on-year, lifting their share in whole exports by 0.9 share level to 59.4 %, with exports of high-end tools up by greater than 40 %, in keeping with Chinese Customs information.
Looking forward to the upcoming fifteenth Five-Year Plan interval (2026-30), China ought to speed up efforts to realize high-level self-reliance in science and know-how and use “new quality productive forces” to drive high-quality progress, Gao mentioned. He referred to as for activity force-style administration of main initiatives to foster a greater ecosystem and extra alternatives for company innovation.
China ought to search first-mover benefits amid a brand new wave of technological and industrial change, deepen the mixing of scientific and industrial innovation, pace the improve of conventional sectors and foster rising industries, Gao mentioned.
He urged a shift from pure scale growth to increased innovation content material and worth creation, and enhancements to market-oriented, law-based and internationalized frameworks to construct globally acknowledged Chinese manufacturers with best-selling, high-end merchandise.
China ought to refine trendy company governance with Chinese traits, improve lean, digital and specialised administration, and construct extra world-class enterprises with international competitiveness, he added.
As these priorities filter by means of to central State-owned enterprises, Zhang Yuzhuo, chairman of SASAC, mentioned that lately such enterprises have superior particular initiatives together with “new-type industrialization”, “digital-intelligent transformation”, “future industries launch”, and “AI plus”.
As a end result, the transformation of conventional industries has accelerated, strategic rising industries are clustering quicker and new progress drivers are taking form, he mentioned. Looking forward, efforts ought to comply with the instructions of intelligence, greenness and integration, and speed up the constructing of a contemporary industrial system with superior manufacturing because the spine, Zhang mentioned.
He added that mentioned enterprises, as the important thing nexus linking scientific and technological innovation with industrial innovation, ought to extra proactively combine into the nationwide innovation system, enhance analysis and improvement funding, strengthen unique innovation and the tackling of key core applied sciences, pace up environment friendly transformation and software of main scientific and technological achievements, and promote the deep integration of sci-tech and industrial innovation.
At the enterprise stage, Qing Lijun, vice-president of China’s main worldwide grain dealer COFCO Group, mentioned on the discussion board that the corporate not too long ago signed a strategic cooperation framework settlement with synthetic intelligence options supplier iFLYTEK, injecting cutting-edge technological vitality into the standard agri-food sector.
Leveraging COFCO’s in depth industrial chain and wealthy AI software situations, along with iFLYTEK’s expertise and technological strengths, the 2 sides will discover “AI plus agri-food” pathways and deepen cooperation in AI foundational platforms, scientific analysis and innovation, and model collaboration, Qing mentioned.
The partnership goals to speed up the cultivation of recent high quality productive forces in agri-food and create new alternatives for market growth and trade deepening, he added.