Core Insights - The Chinese government is intensifying its macroeconomic policies to enhance counter-cyclical adjustments, showcasing strong economic vitality and resilience, with new achievements in high-quality development [1] Group 1: Technology and Innovation - The central government plans to allocate CNY 398.12 billion for technology funding in 2025, a 10% increase from the previous year, focusing on basic research and strategic technology tasks [1] - The budget for basic research is set to increase by 12.1% in 2025, with enhanced support for research institutions and talent [2] - The government aims to support the integration of technological and industrial innovation, promoting the cultivation of new productive forces [1][2] Group 2: Industrial Upgrading - The government is addressing critical issues in the manufacturing sector, enhancing funding for key research and development plans to improve supply chain resilience [2] - Support is being provided for over 1,200 "little giant" enterprises to promote high-quality development [2] Group 3: Business Support Policies - Tax incentives for high-tech enterprises and increased R&D expense deductions are being implemented to boost corporate innovation [3] - A special long-term bond fund of CNY 173.4 billion has been allocated to facilitate equipment upgrades and the adoption of new technologies [3] - The technology innovation guarantee plan has supported 22,000 small and medium-sized tech enterprises with loans totaling approximately CNY 90 billion [3]
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Ke Ji Ri Bao·2025-11-10 23:23