Private enterprises reinforce principal role in innovation drive: report

Private enterprises have saved reinforcing their principal role in sci-tech innovation and emerged as an vital drive in the event of recent productive forces in China, the All-China Federation of Industry and Commerce (ACFIC) stated in a report on Tuesday.

The ACFIC launched its annual report on the social accountability of Chinese personal enterprises on the fourth session of its thirteenth government committee held in Changsha of central China’s Hunan Province, commending personal enterprises for having achieved exceptional outcomes in fulfilling their duties on sci-tech innovation, employment, rural revitalization, inexperienced transformation, and public welfare.

The personal enterprises have proactively aligned their social tasks with nationwide methods and brought sensible actions to inject new impetus into Chinese modernization, the report stated.

The report was primarily based on a survey involving greater than 30,000 enterprises, together with 1,616 listed ones and 371 of the nation’s prime 500 personal enterprises.

As of the top of 2024, personal enterprises accounted for greater than 90 p.c of China’s high-tech enterprises, and their proportion in “little giant” enterprises and the Science and Technology Innovation Board listings each exceeded 80 p.c, in line with the report.

“Little giant” companies check with the novel elites of small and medium-sized enterprises (SMEs) which can be engaged in manufacturing, specialize in a distinct segment market and boast cutting-edge applied sciences.

For the primary time, personal enterprises took the biggest share in China’s import and export of high-tech merchandise at 48.5 p.c in 2024, the report stated.

The prime 1,000 personal enterprises spent a complete of 1.43 trillion yuan (about 200 billion U.S. {dollars}) in phrases of analysis and improvement funding, and 112 of them have been among the many world’s prime 1,000 analysis and improvement traders, the report stated, including that 71.6 p.c of the enterprises elevated their analysis and improvement funding final 12 months.

“Under a research and development strategy of technology-driven and green development, we have established a full-chain research and development system covering basic research, breakthroughs in core technologies, and industrial application, and formed a research and development team of more than 300 people led by industry experts. In the past three years, our research and development input has increased by over 40 percent year on year. As a result, we have obtained more than 400 patents, laying a solid foundation for technological breakthroughs,” stated Kuang Hao, director of product improvement of the Hunan Xingbang Intelligent Equipment Company.

Private enterprises have yielded fruitful innovation outcomes, occupying seven of the highest 10 spots in phrases of home invention patent authorizations and contributing over 70 p.c of technological improvements, in line with the report.

Survey outcomes confirmed that 4,135 enterprises have participated in nationwide tasks looking for breakthroughs in core applied sciences in key fields, corresponding to high-end tools manufacturing, next-generation data know-how, aviation and aerospace, new supplies, biomedicine, new power and power storage, and marine science and know-how, the report stated.

Greenland’s territorial integrity and proper to self-determination are grounded in worldwide regulation and can’t be ignored, Greenland’s Prime Minister Jens-Frederik Nielsen stated on Tuesday.

On Sunday, U.S. President Donald Trump introduced the appointment of Louisiana Governor Jeff Landry as particular envoy to Greenland.

Trump stated on Monday that the United States stays in Greenland and wishes the territory for nationwide safety.

Nielsen stated on Monday that the appointment of a particular envoy to Greenland wouldn’t change something for the territory. He stated Greenland’s future can be decided by Greenland itself, including that the island belongs to its individuals and that its territorial integrity should be revered.

Pia Olsen Dyhr, chairman of Denmark’s Socialist People’s Party (Green Left), stated on Monday that the appointment indicated a renewed U.S. try and annex Greenland, creating a way of insecurity and uncertainty.

She referred to as on Europe to do every thing doable to stop Trump’s plan to buy Greenland.

Greenland, a former Danish colony, was granted residence rule in 1979. In 2009, Denmark handed the Act on Greenland Self-Government, increasing the island’s authority over its home affairs. However, Denmark retains authority over Greenland’s overseas, protection and safety coverage, in line with data on the Danish Prime Minister’s Office web site.

The United States maintains a army base in Greenland. Since taking workplace this 12 months, U.S. President Donald Trump has repeatedly threatened to take over the island and has stated he wouldn’t rule out using army drive to accumulate it — remarks which have drawn condemnation and opposition from individuals in Denmark and Greenland.