top of page

China's President Xi Jinping Pledges to Foster Global Tech Innovation Environment

President Xi Jinping promises to establish a globally competitive, open environment for technological innovation. The goal is to restore corporate confidence and stimulate fresh growth. Guidelines for enhancing farmer income guarantee mechanisms and building "modern corporates with Chinese characteristics" have been accepted.

The declaration comes as the country seeks to foster new sectors and address the issues facing its real estate sector.


During the fifth meeting of the Chinese Communist Party's Central Commission for Comprehensively Deepening Reforms, President Xi stressed the significance of creating an open environment for technological innovation. CCTV, the state media, said that he said, "[We] should continuously improve the scientific and technological security system and risk prevention mechanism, and consolidate the bottom line of security in an open environment."


In addition to the focus on tech innovation, the meeting also approved guidelines for improving the income guarantee mechanism for farmers and developing "modern corporates with Chinese characteristics." During the discussion, primary topics included ensuring food security and stabilising grain output.


Looking ahead, the ruling Communist Party's central committee will meet in July for a critical plenum. This will be the committee's third meeting since its election in 2022, with a primary focus on enacting reforms to address both internal and foreign concerns.

 
  • President Xi Jinping vows to create a globally competitive open environment for tech innovation.

  • The focus is on restoring business confidence and driving new growth.

  • Guidelines for improving income guarantee mechanism for farmers and developing "modern corporates with Chinese characteristics" were approved.


Source: REUTERS

As Asia becomes the fastest growing tech adoption region, biz360tv is committed to keeping readers up to date on the latest developments in business technology news in Asia and beyond.

While we use new technologies such as AI to improve our storytelling capabilities, our team carefully select the stories and topics to cover and goes through fact-checking, editing, and oversight before publication. Please contact us at editorial@tech360.tv if you notice any errors or inaccuracies. Your feedback will be vital in ensuring that our articles are accurate for all of our readers.

bottom of page