On March 5, Chinese Premier Li Qiang delivered a comprehensive government work report at the third session of the 14th National People's Congress, outlining China's ambitious development targets for 2025. The report set a GDP growth rate goal of around 5 percent, aimed to keep the consumer price index increase at approximately 2 percent, and plans to create over 12 million new urban jobs.
Premier Li emphasized the government's commitment to making macro regulation more forward-looking, targeted, and effective, while also shaping positive public expectations. This approach underscores China's dedication to high-quality and pragmatic development, sending a strong message to the global community.
A key component of China's strategy is the accelerated investment in scientific and technological innovation. By expanding the output of new quality productive forces, China aims to drive both economic growth and improvements in the quality of life for its citizens. Cutting-edge technology is seen as a symbol of national strength, directly linked to national security and development interests.
China plans to compete fiercely in the global high-tech race, striving to lead in fields such as aerospace, biomanufacturing, artificial intelligence, big data, new materials, and green technology. Additionally, the country will focus on transforming traditional industries by integrating advanced technologies to accelerate the high-quality development of key industrial chains in the manufacturing sector.
Education and talent development are also priorities, with increased investment at all levels to ensure a steady supply of technological and specialized talent. A three-year action plan will be implemented to strengthen education, while leveraging nationwide resources to drive breakthroughs in core technologies.
Furthermore, China will enhance collaboration between industries, universities, and research institutes, supporting leading high-tech enterprises in national scientific and technological projects. Protecting and applying intellectual property rights will be strengthened, and financial resources will be mobilized to support ongoing innovation efforts.
Reference(s):
China's three systematic steps drive healthy growth of global economy
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