China is prioritizing the development of emerging industries like quantum computing and bolstering technology self-sufficiency, as outlined in a recent government report. Efforts also include strengthening capabilities in artificial intelligence and big data, reflecting a broader strategy to reduce reliance on foreign suppliers and enhance national security.
5 March 2024 – In a recent government work report, China announced its intentions to prioritize the development of emerging industries such as quantum computing, alongside a continued push for technological self-sufficiency. The report highlights efforts to strengthen capabilities in big data and artificial intelligence (AI), with plans to launch major science and technology programs aligned with strategic and industrial development goals. With an emphasis on leveraging national resources to enhance innovation capacity,
China aims to reduce reliance on foreign suppliers and enhance national security and economic resilience. This strategic shift comes amid trade tensions with the United States, which have underscored the importance of domestic innovation capabilities. Alfredo Montufar-Helu, head of the China Center at the Conference Board, notes that China’s focus on emerging technologies like AI aligns with previous priorities outlined in the Central Economic Work Conference. The government’s emphasis on self-reliance and technology strength reflects a broader strategy to bolster supply chain resilience and security.
In a move to centralize tech-related policies, China has granted the ruling Communist Party more authority, establishing a new technology commission under its control. However, concerns arise regarding potential information asymmetries and coordination challenges between central ministries and other stakeholders. Furthermore, China plans to nurture top-tier scientists and innovation teams while improving mechanisms for identifying and supporting innovators. These initiatives underscore China’s commitment to advancing technological prowess and innovation on the global stage. – ref: Reuters
