China's 14th Five-Year Plan and Long-Range Objectives Through the Year 2035 Draw Global Attention
Updated: 3 17,2021 Source:China IP News

The National People's Congress (NPC), China's top legislature, concluded its annual session on March 11. Lawmakers approved the outline of the 14th Five-Year Plan (2021-2025) for national economic and social development and the long-range objectives through the year 2035.

The outline consists of 19 parts and has listed 20 main targets for economic and social development during the 14th Five-Year Plan period. It is worth noting that "the number of high-value invention patents owned by per 10,000 people reach 12" was set for the first time. In addition, popular topics including advancing the high-quality development of manufacturing industry, accelerating to build digital economy and promoting digital transformation of industries have drawn widespread attention. Eight projects, namely cloud computing, big data, Internet of things, industrial networks, block chain, artificial intelligence, virtual reality and augmented reality are listed into important industries of digital economy.

It is worth noting that the outline puts innovation in the first place of specific tasks, and clearly requires that innovation must be maintained at the core in the mid of Chinese modernization drive, and make scientific and technological strategic force for national development.

The outline pointed out that it is necessary to strengthen the national strategic scientific and technological strength, formulate an action plan for a scientific and technological power, and breakthrough key core technologies, focusing on quantum information, photonics and micro-nanoelectronics, network communications, artificial intelligence, biomedicine, modern energy systems and other major innovation fields. China will also establish a group of national laboratories in the above major fields as well.

China will focus on the new generation of information technology, biotechnology, new energy, new materials, high-end equipment, new energy vehicles, green environmental protection, aerospace, marine equipment and other strategic emerging industries to accelerate the innovation and application of key core technologies, enhance the ability to guarantee elements, and cultivate and expand new drivers of industrial development.