China is concerned about the need for technology dependence, companies must lead innovation


Shanghai, March 5, 2010 (FBC) China’s science and technology policies should aim to build the country’s strength and self-reliance, with companies taking the lead in pushing innovation, Premier Li Keqiang said on Sunday.

He said that in the last five years, the country has effectively resisted foreign attempts to suppress and control China’s development, creatively expanding real economic development and generating new growth drivers.

In his work report at the opening of the annual meeting of the Chinese Parliament, the Prime Minister said, “Scientific and technological policies should be aimed at strengthening our country and supporting itself through science and technology.”

“At the national level, the new system of resource mobilization must be improved, the government’s role in resource mobilization must be better used to make key technological breakthroughs, and enterprises must be the main actors of innovation,” he said.

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China is under increasing pressure from the US to restrict Chinese semiconductors and artificial intelligence technology, citing national security concerns.

President Xi Jinping urged the country to be self-sufficient in science and technology and to continue its efforts as a global technological power.

China should accelerate research and development and promote the application of modern technologies, he said. He also stressed that the development of the platform economy should be supported and regularly monitored.

The platform economy includes China’s biggest technology companies such as Alibaba Group ( 9988.HK ) and Tencent Holdings ( 0700.HK ). Such companies have long been targets of regulatory action that Beijing says it is now easing.

Reporting by Brenda Goh and Eduardo Baptista; Additional reporting by Josh Horwitz; Edited by William Mallard

Our standards: The Thomson Reuters Trust Principles.


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