China has rolled out new guidelines to supercharge collaboration across private enterprises. The policy aims to build a modern enterprise management system where large, medium and small companies innovate hand in hand.
Guo Chunli, vice president of the Chinese Academy of Macroeconomic Research at the National Development and Reform Commission, says that innovation in China has entered a new era of large-scale collaboration among enterprises of all sizes.
Under the new framework, major firms will open up their R&D labs and innovation assets to smaller partners. They will offer technical guidance, support technology transfer and team up on joint projects. This ecosystem approach is designed to break down silos, speed up product development and boost overall efficiency.
For young entrepreneurs and startups, these rules open doors to established players’ know-how and infrastructure. In return, big enterprises can tap into the agility and fresh ideas of SMEs to refresh their pipelines.
Looking ahead, experts expect stronger synergy to drive breakthroughs in green tech, digital services and advanced manufacturing. As this collaborative model evolves, it could inspire similar strategies across the G20, empowering a new generation of changemakers worldwide.
Whether you’re a tech founder, a policy watcher or a digital nomad seeking sustainable growth, China’s latest policy highlights the power of partnership in driving real-world impact.
Reference(s):
Economist: Policy boosts private enterprises' innovation synergy
cgtn.com
