CHINA STATE PLANNER said it will encourage and support capable private enterprises to lead and undertake major national technology R&D projects, stressing original innovation as key to the speed, scope and depth of future industry development. The agency said it will strengthen firms' role in resource allocation, expand broad-based policy support, innovate policy-guidance mechanisms and optimize industry ecosystems to channel innovation inputs to enterprises and cultivate technology-leading comp

CHINA STATE PLANNER said it will encourage and support capable private enterprises to lead and undertake major national technology R&D projects, stressing original innovation as key to the speed, scope and depth of future industry development. The agency said it will strengthen firms' role in resource allocation, expand broad-based policy support, innovate policy-guidance mechanisms and optimize industry ecosystems to channel innovation inputs to enterprises and cultivate technology-leading companies, tech SMEs, specialized and innovative firms, single-product champions and unicorns.