Li Qiang introduced in the government work report that over the past year, efforts have been made to adhere to innovation-driven development and build a modern industrial system.

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Xinhua News Agency, Beijing, March 5 — Premier Li Qiang introduced in the government work report that over the past year, China has adhered to innovation-driven development and built a modern industrial system.

The strategic deployment to comprehensively advance the construction of a strong science and technology nation has been implemented, with efforts to strengthen national strategic scientific and technological capabilities, improve regional technological innovation systems, and enhance systematic layout and key core technology breakthroughs in fundamental and frontier fields. The entire society’s R&D expenditure intensity reached 2.8%, and the transaction volume of technology contracts increased by 10.8%. Innovation in science and technology and industry are accelerating integration, traditional industries are continuously transforming and upgrading, emerging industries and future industries are thriving, and modern service industries are maintaining rapid growth. Focused efforts have led to the formulation and revision of 583 national standards in key areas. The digital transformation of manufacturing and the “AI+” initiative are ongoing, with industry applications accelerating and new intelligent terminals constantly emerging. The potential of data elements is being rapidly unleashed, and the added value of core digital economy industries has increased to over 10.5% of GDP.

(Edited by: Wen Jing)

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