State-owned Assets Regulator: Central SOEs to Expand Emerging Industries and Cultivate Future Industries
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On September 20, the Party Committee of China's State-owned Assets Supervision and Administration Commission (SASAC) held a special meeting, as reported by Gelunhui on September 21. The meeting emphasized that central state-owned enterprises (SOEs) must focus on key areas to enhance the innovation, competitiveness, and overall strength of the manufacturing sector. Key directives include: undertaking new national major science and technology projects, building more pilot test platforms, and achieving more independent and advanced technology. In terms of industrial structure, the SASAC called for expanding the scale of emerging industries, cultivating future industries, optimizing traditional industries, and continuously moving towards the mid-to-high end of the industrial and value chains. On production methods, it stressed integrating pollution reduction, carbon reduction, and quality/efficiency improvement. The meeting also urged accelerating the application of artificial intelligence across all areas of manufacturing, promoting deep integration of advanced manufacturing with modern services, and fostering service-oriented manufacturing. To support these goals, the SASAC will strengthen organizational leadership, support leading enterprises in resource integration and market layout, improve assessment incentives and funding support for technological breakthroughs and smart transformation, and shift regulatory approaches to incorporate technological, industrial, and strategic thinking.
Source report
September 21 (Gelonghui) — The Party Committee of the State-owned Assets Supervision and Administration Commission (SASAC) of the State Council held a special meeting on September 20. The meeting emphasized that state-owned enterprises (SOEs) and central enterprises must focus on key areas and critical links, striving for excellence in "advanced" capabilities to continuously enhance the innovation capacity, competitiveness, and overall strength of the manufacturing sector.
Key Areas of Focus
Technological Advancement
- Achieve greater technological sophistication by undertaking a new set of major national science and technology projects in a systematic manner
- Implement a series of landmark scientific and technological tasks on a dedicated basis
- Promote the establishment of a number of new pilot-scale testing platforms
- Ensure more independent and high-end technology pathways
Industrial Structure Optimization
- Expand the incremental growth of emerging industries
- Cultivate variable growth in future industries
- Optimize the existing stock of traditional industries
- Continuously move toward the mid-to-high end of the industrial and value chains
Production Methods
- Promote mutual reinforcement between pollution and carbon reduction, and quality and efficiency improvement
- Accelerate the formation of an industrial structure and production model characterized by high technological content, low resource consumption, and minimal environmental pollution
Manufacturing Paradigm
- Guide and drive central enterprises to accelerate the widespread application of artificial intelligence across all manufacturing sectors
- Strengthen intelligent upgrades across the entire process, including R&D, production, and management
Business Models
- Vigorously promote the deep integration of advanced manufacturing and modern services
- Innovatively develop service-oriented manufacturing
- Uncover new growth points through business model integration
- Enhance the overall level of the industrial and value chains
Support Measures
Organizational Leadership
- Strengthen organizational promotion to foster a favorable development momentum for advanced manufacturing
- Cultivate leading enterprises
- Support eligible central enterprises in enhancing resource integration and market layout
- Accelerate the creation of original technology sources and modern industrial chain leaders
Policy Support
- Improve assessment incentives, financial support, and other measures focused on technological breakthroughs, intelligent transformation, and layout optimization
Regulatory Transformation
- Transform regulatory approaches by strengthening technological, industrial, and strategic thinking in supervision
- Enhance communication and coordination with relevant departments
- Create a favorable environment for central enterprises to strengthen and expand advanced manufacturing
Source
格隆汇Eastern
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China’s SASAC orders state firms to expand emerging industries and accelerate AI in manufacturing