On July 30, the Political Bureau of the Central Committee of the Communist Party of China held a meeting, which pointed out that it is necessary to cultivate and expand emerging industries and future industries. It is necessary to vigorously promote high-level scientific and technological self-reliance and self-reliance, strengthen key core technology research, and promote the transformation and upgrading of traditional industries. Strengthen the mechanism of survival of the fittest in the market, and smooth the exit channels of backward and inefficient production capacity.
Hu Yongjun, secretary-general of the Future Industry and Platform Economy Research Center of the State Information Center, told the Beijing News Shell Finance reporter that it is necessary to develop new quality productivity in the three articles of "transforming and upgrading traditional industries, cultivating and expanding emerging industries, and laying out and building future industries".
Cultivate and expand emerging industries and future industries, and accelerate the development of new quality productive forces
Hu Yongjun pointed out that in the development of new quality productive forces, it is necessary to take traditional industries as an important starting point and insist on letting "old trees give out new branches." In addition, it is necessary to take strategic emerging industries as the main position and insist on "small trees growing into forests". In addition, it is necessary to take the future industry as a first move, and adhere to the principle of "cultivating land and cultivating soil in early spring".
Wu Ke, an assistant researcher at the Xi Jinping Economic Thought Research Center, told the Beijing News that to accelerate the development of new productive forces, we must closely rely on scientific and technological innovation to comprehensively promote industrial transformation and upgrading. It is necessary to start from the aspects of cultivating emerging industries, laying out future industries, promoting the transformation and upgrading of traditional industries, and enhancing the resilience and competitiveness of the industrial chain, so as to promote the integration of intelligent and green industries, and accelerate the construction of a modern industrial system.
Li Hongwu, Secretary of the Party Committee and President of China Unicom Research Institute, pointed out that it is necessary to solidly promote the continuous upgrading of traditional industries and empower the traditional pillars of high-quality development. Improve technology research and development capabilities, create high-end products with independent intellectual property rights, and promote the transformation of traditional industries from low-end processing and manufacturing to high value-added products and services. Empower the digital transformation of traditional industries with scientific and technological innovation, and promote cross-border integration innovation and iterative application of technology. Carry out the intelligent transformation of the production process and reshape the production mode with digital technology. Adhere to green development, take into account environmental protection and resource conservation, and build a sustainable industrial ecology.
Li Hongwu believes that it is necessary to solidly promote the continuous breakthrough of emerging industries and create an innovation engine for high-quality development. We will continue to expand our first-mover advantage in industries such as 5G and energy vehicles, create new growth points, explore cutting-edge fields, and expand new tracks. In view of the key points restricting the development of emerging industries, we should gather the strength of government, industry, academia and research institutes and implement special research plans. Build emerging industrial clusters, cultivate an integrated ecosystem, and enhance competitiveness. Combined with the actual situation of the region, strengthen the system layout, and form a differentiated development pattern with complementary advantages. Strengthen policy guidance, improve market mechanisms, attract diversified investment, encourage enterprises to increase R&D investment, and enhance innovation capabilities.
Cao Yousheng, President of China Shipbuilding Group Comprehensive Technology and Economic Research Institute, believes that it is necessary to focus on basic, cutting-edge, and disruptive major technologies to continue to tackle key problems, make forward-looking plans, accurately identify, and concentrate on the advanced layout of related fields, so as to promote the transformation of traditional industries to high-end, green and intelligent, and actively lay out future industries. Accelerate the cultivation of innovative state-owned enterprises, and strive to rely on technological innovation to open up new fields and new tracks for development, and shape new development momentum and new advantages.
Cultivate innovative enterprises in echelons to prevent vicious competition of "involution".
The meeting emphasized that it is necessary to strongly and effectively support the development of gazelle enterprises and unicorn enterprises. It is necessary to strengthen the self-discipline of the industry and prevent the vicious competition of "involution".
In fact, at present, all localities and departments are focusing on strengthening the main position of enterprise innovation, cultivating innovative enterprises in echelons, improving the innovation ability of various enterprises, and developing new quality productivity according to local conditions.
On April 25, the Ministry of Industry and Information Technology, the Ministry of Science and Technology, and the Beijing Municipal Government jointly issued the "Zhongguancun World-Leading Science and Technology Park Construction Plan (2024-2027)", which proposes to initially build a world-leading science and technology park by 2027. Strive to reach the world's leading level in life sciences and other fields, and achieve major breakthroughs in disruptive technologies and key core technologies; To become a breeding ground for start-ups and a habitat for the world's leading innovative enterprises, and to continue to emerge world-class enterprises in key areas; It will basically form four world-class industrial clusters with technological dominance in the new generation of information technology, medicine and health, intelligent equipment, and green and smart energy, promote the high-quality development of key industrial chains in the manufacturing industry, and advance the layout of future industries that will lead the development of the world.
On July 4, Henan Province issued the implementation plan for the echelon cultivation of innovative enterprises (2024-2026) (trial), requiring that scientific and technological innovation be the core element of the development of new quality productivity, and that it should be guided by strengthening the main position of enterprise innovation, vigorously cultivate innovative leading enterprises, gazelle enterprises, high-tech enterprises, technology-based small and medium-sized enterprises and other innovative enterprises, optimize and improve the echelon cultivation system of innovative enterprises, promote industrial innovation with scientific and technological innovation, and improve the ability of independent innovation in key areas. Promote the transformation of scientific and technological achievements into real productive forces at an accelerated pace.
Gu Songyuan, executive director and general manager of Sinopec Economic and Technical Research Institute, pointed out that central enterprises should grasp the trend of industrial transformation, carry out forward-looking layout in the development of strategic emerging industries and future industries, and shape new growth poles for industrial development. Central enterprises should base themselves on their main responsibilities and main businesses, strengthen strategic planning, improve and promote the new generation of information technology, artificial intelligence, aerospace, new energy, new materials, high-end equipment, biomedicine, quantum technology and other strategic industries, accelerate the cultivation of "specialized, special and new" and "single champion" enterprises, systematically layout new industries and new tracks in a more flexible and diversified way and a more innovative and open model, and strive to create new formats and new models.
As for the expression of preventing "involution" vicious competition, this is the first time in previous Politburo meetings that the prevention of involution has been used to describe industry competition.
The Regulations on Fair Competition Review promulgated by the State Council in early June will come into force on August 1, 2024. The responsible persons of the Ministry of Justice and the State Administration for Market Regulation said that fair competition is the basic principle of the market economy and an important foundation for the efficient operation of the market mechanism, which plays an important role in optimizing the allocation of resources, reducing institutional transaction costs, and mobilizing the enthusiasm and creativity of business operators, and is also an inevitable requirement for building a unified national market.
Guo Lei, chief economist of GF Securities, pointed out that the Politburo meeting clearly determined that the prevention of involution competition and the smooth exit of inefficient production capacity mean that supply optimization will be further promoted, which is beneficial to the long-term development of new industries, and also helps to stabilize the industry pattern, prices and profit expectations of new industries.
The macroeconomic team of Minsheng Securities pointed out that the policy level hopes to form technological breakthroughs with healthy competition, develop new quality productivity according to local conditions, and prevent industry bubbles from being generated by "rushing to the top".
Beijing News Shell Financial Reporter Zhang Xiaochong Editor Chen Li Proofreader Fu Chunchou
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