China’s State Council report reveals that the country’s innovation-driven strategy is picking up speed, with major tech hubs posting standout results.
At the heart of this surge are three powerhouses: Beijing, Shanghai and the Guangdong-Hong Kong-Macao Greater Bay Area. Each has seen remarkable gains, cementing their status as international centers of sci-tech innovation.
Key to the momentum is semiconductors. In 2024, production of integrated circuits jumped by 22.2%, and exports topped 1.1 trillion yuan (around USD153 billion), a record high. Such growth underscores China’s deepening footprint in the global chip market.
From smart farming to energy logistics, a wave of domestically made, high-end equipment has rolled off production lines. New high-horsepower tractors with variable transmissions are powering farms, while massive liquefied natural gas ships are setting sail—both examples of homegrown tech reaching new heights.
Underpinning these milestones is the tighter fusion of technological and industrial innovation. The report notes that China’s modern industrial system is now on the fast track, weaving digital breakthroughs directly into manufacturing and services.
On the sustainability front, energy consumption per unit of GDP fell by more than 3% in 2024. With greener practices taking root, China is laying the groundwork for a low-carbon future and new quality productive forces.
As the world navigates shifting supply chains and climate goals, China’s innovation-driven push could reshape global tech and green landscapes, offering fresh opportunities for collaboration and healthy competition.
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Report reveals China's innovation-driven development is gaining steam
cgtn.com
