Member LoginMember Login - User registration - Setup as front page - Add to favorites - Sitemap Economy improving, with SOEs poised to lead !

Economy improving, with SOEs poised to lead

Time:2024-05-21 13:03:28 source:Culture Quest news portal

China's economy is improving steadily, with notable growth in some key sectors during the first two months of this year, Zhang Yuzhuo, chairman of the State-owned Assets Supervision and Administration Commission of the State Council, said on the sidelines of the two sessions on Tuesday.

"The momentum of China's economic recovery has been further consolidated, and we have confidence in the performance of State-owned assets and enterprises this year," Zhang said.

To advance the high-quality development of SOEs, he pledged efforts to enhance their core competitiveness and eliminate institutional barriers that hinder their innovative and high-quality development.

Citing the annual Government Work Report, Zhang highlighted the importance of fostering new quality productive forces and stressed the need to boost innovation and increase investment in research and development.

Official data showed that SOEs spent 1.07 trillion yuan ($148.6 billion) on research and development last year, accounting for nearly a third of China's R&D expenditure.

Zhang also stressed the importance of fostering an innovative ecosystem conducive to fostering new quality productive forces, which entails abandoning outdated practices and a renewed emphasis on long-term investment in talent and technology.

He highlighted the pivotal role of cultivating talent in fostering new quality productive forces, saying that SOEs, with a technology talent pool of over 1.2 million people and a burgeoning community of innovative entrepreneurs, are poised to lead the charge in advancing China's economic agenda.

By fostering a culture of scientific and entrepreneurial spirit, these enterprises will be encouraged to tackle the most formidable challenges and propel the nation toward a prosperous future, he said.

Related information
  • Rangers are undefeated at .500 to keep World Series champs from a losing record with Bochy
  • Judge orders preventative detention for Iranian and 2 Peruvians in thwarted plot to kill Israelis
  • New Orleans man pleads guilty in 2016 shooting death of Jefferson Parish deputy
  • Imprisoned man indicted in 2012 slaying of retired western Indiana farmer
  • The unstoppable duo of Emma Stone and Yorgos Lanthimos
  • Man United beats Sheffield United 4
  • Australia and New Zealand honor their war dead with dawn services on Anzac Day
  • Dua Lipa showcases her toned legs in a long skirt with a thigh
Recommended content
  • Everybody may love Raymond, but Ray Romano loves Peter Boyle
  • Biden picks up another big union endorsement, this one from building trades workers
  • Jon Bon Jovi admits he 'hasn't been a saint' in his 35
  • Former Playboy model Holly Madison, 44, reveals she has had her cellulite SURGICALLY removed
  • With Djokovic awaiting the winner, Murray trails Hanfmann at rain
  • The plate as palette: Set the table and the mood with the latest in creative dishware