The State Council’s SASAC, at a July 28-29 Beijing seminar for local SASAC heads, told SOEs to make drafting and implementing the 15th Five-Year Plan and advancing a new round of SOE reform the central tasks for H2. It ordered a focus on high-quality growth: raise quality and efficiency, expand effective investment to drive upstream/downstream coordination, and reinforce national economic and industrial security. The commission also stressed strengthening corporate R&D capacity, coordinated R&D

The State Council’s SASAC, at a July 28-29 Beijing seminar for local SASAC heads, told SOEs to make drafting and implementing the 15th Five-Year Plan and advancing a new round of SOE reform the central tasks for H2. It ordered a focus on high-quality growth: raise quality and efficiency, expand effective investment to drive upstream/downstream coordination, and reinforce national economic and industrial security. The commission also stressed strengthening corporate R&D capacity, coordinated R&D on key core technologies, accelerating commercialization of scientific results, and improving institutional support for innovation to enhance supply-chain security.