Core Viewpoint - The 9.3 military parade serves as a "preview" of China's future industries, highlighting the importance of developing future industries as a driver for high-quality economic growth and a factor in a country's global competitiveness and influence [2][8]. Group 1: Military Equipment and Technological Advancements - 84% of the equipment showcased in the parade was revealed for the first time globally, including advanced weapons like the J-20S and DF-61 [4]. - The rapid development of "sci-fi" military equipment over six years reflects the integration of cutting-edge technologies from civilian sectors, such as AR glasses in tanks and advanced radar systems [6][8]. Group 2: Future Industries Strategy - The concept of "future industries" was first introduced in the 14th Five-Year Plan, emphasizing the need for strategic layout in areas like brain-like intelligence, quantum information, and hydrogen energy [7]. - By 2024, six major battlegrounds for future industries have been identified: future manufacturing, information, materials, energy, space, and health, encompassing 78 key tracks [7][8]. Group 3: Investment and R&D Growth - During the 14th Five-Year Plan, China's total R&D investment reached 3.6 trillion yuan, a nearly 50% increase from the end of the 13th Five-Year Plan, solidifying its position as the second-largest R&D investor globally [8][15]. - The focus of R&D investment is shifting towards foundational fields and strategic emerging industries, with expectations that basic research funding will exceed 8% by 2025 [16][17]. Group 4: Production Services and Industry Competitiveness - The development of productive services is crucial for enhancing industrial competitiveness and resilience, with China's productive services accounting for about 31% of GDP, still below the EU average of 40% [18][24]. - Recommendations include fostering numerous small and medium-sized enterprises in productive services and developing leading firms in this sector to enhance overall industrial efficiency [25]. Group 5: Global Competitors and Strategic Focus - Countries like the U.S., Germany, Japan, and South Korea are focusing on strategic areas such as AI, manufacturing, and renewable energy, with each country having its unique industrial emphasis [28][30]. - China's competitive landscape shows strengths in areas like renewable energy and quantum communication while striving to catch up in critical technology sectors like AI [34]. Group 6: Market Projections for Future Industries - By 2030, the market size for key future industries in China is projected to reach approximately 10 trillion yuan, with specific sectors like future intelligence expected to grow to 5 trillion yuan [43]. - Other sectors, such as quantum information and low-carbon energy, are also anticipated to see significant market growth, with projections of 300 billion yuan and 1.6 trillion yuan, respectively [44][46]. Group 7: Emerging Technologies and Innovations - Technologies such as general artificial intelligence, humanoid robots, and controllable nuclear fusion are highlighted as key areas for future growth, with significant market potential and advancements expected in the coming years [51][54][55]. - The new energy storage sector is experiencing rapid growth, with China's new energy storage installations expected to exceed 73.7 GW by 2024, representing over 40% of the global total [56].