The Chinese mainland is accelerating its journey toward scientific and technological supremacy with the launch of 17 new innovation consortiums by its centrally administered state-owned enterprises (SOEs). This ambitious move, announced by the State-owned Assets Supervision and Administration Commission (SASAC) of the State Council, aims to foster groundbreaking advancements in sectors such as industrial software, computing power networks, new energy, and advanced materials.
Bringing the total number of SOE-led innovation consortiums to 24, this initiative underscores China's commitment to tackling strategic and foundational technologies that demand substantial investments. Recognizing that achieving significant breakthroughs is challenging for a single entity, these consortiums emphasize collaboration.
By bringing together enterprises, universities, and research institutes, the consortiums are set to enhance cooperation across the entire innovation chain, from basic research to industrialization. This symbiotic relationship not only accelerates the pace of innovation but also ensures the security and stability of China's industrial and supply chains.
Since their inception, the existing seven innovation consortiums have attracted over 300 partners, including prestigious universities, research institutes, locally administered SOEs, and private companies. This extensive network has been instrumental in driving sustainable growth and maintaining China's competitive edge in the global market.
With these 17 new consortiums, the Chinese mainland is poised to make significant strides in science and technology, reinforcing its position as a leader in innovation and setting the stage for future advancements that could shape industries worldwide.
Reference(s):
China launches 17 new consortiums to propel sci-tech innovation
cgtn.com
