Title: State-owned Assets Commission Increases Efforts in Developing Strategic Emerging Industries
The State-owned Assets Supervision and Administration Commission of the State Council has announced increased efforts in laying out strategic emerging industries and future industries, with central enterprises and local state-owned enterprises actively expanding investments in these areas.
The commission has emphasized the need to accelerate the creation of world-class strategic industry clusters with international influence through mergers, acquisitions, and reorganizations. This move comes as a response to the changing global economic structure and industrial landscape, which is reshaped by a new round of technological revolution and industrial transformation.
Central enterprises have significantly increased their investments in strategic emerging industries, with the investment scale growing from 0.7 trillion yuan to 2.2 trillion yuan from 2018 to 2023. This growth trend is expected to continue, with the revenue share of strategic emerging industries targeted to reach 35% by 2025.
Companies like CRRC and SPIC are actively pursuing projects in clean energy and other strategic emerging industries. The construction of more than 200 strategic emerging industries and major energy supply projects is underway, with investments exceeding 500 billion yuan. These projects aim to drive innovation and sustainable development in key sectors.
The development of strategic emerging industries requires a substantial initial investment, which can be supported by the capital and technological research and development advantages of central enterprises. The use of multiple means, including mergers, acquisitions, and listing financing, is crucial to accelerate the development of these industries.
As central enterprises continue to invest in strategic emerging industries, the commission also emphasizes the importance of long-term assessment and evaluation mechanisms. It is essential to understand the different development stages of these industries and implement tailored strategies to support their growth.
In conclusion, the strategic development of emerging industries is a priority for state-owned enterprises, with a focus on innovation, sustainability, and international competitiveness. By leveraging their resources and expertise, these enterprises can drive economic growth and technological advancement in key sectors.