The following Chinese government plan aims to improve China’s tech ecosystem, chiefly through specific measures to make it easier to convert technological breakthroughs into commercial products or other practical applications. Most of the plan focuses on domestic innovation, but it also proposes new ways for China to exploit foreign technologies through tech transfer, talent recruitment, and so forth.
The Chinese source text is available online at: https://www.most.gov.cn/xxgk/xinxifenlei/fdzdgknr/fgzc/gfxwj/gfxwj2022/202210/W020221025552608186620.doc
An archived version of the Chinese source text is available online at: https://perma.cc/Q5K4-XK7U
U.S. $1 ≈ 7.1 Chinese Yuan Renminbi (RMB), as of November 21, 2022.
Special Plan for the Technology Factor of Production Market in the 14th Five-Year Plan Period
Accelerating the development of the technology factor of production (技术要素) market is an important part of perfecting the socialist market economic structure (社会主义市场经济体制), and has important significance for achieving high-level scientific and technological (S&T) self-reliance (自立自强), and for accelerating construction of the new development pattern that takes domestic great circulation as the mainstay and in which domestic and international dual circulation are mutually reinforcing (以国内大循环为主体、国内国际双循环相互促进的新发展格局). This Plan has been formulated based on the requirements of Opinions of the Chinese Communist Party (CCP) Central Committee and the State Council on Improving the Systems and Mechanisms for Market-Based Allocation of Factors of Production, Opinions of the CCP Central Committee and the State Council on Accelerating the Improvement of the Socialist Market Economic Structure in the New Era, and Opinions of the CCP Central Committee and the State Council on Accelerating the Construction of a Unified National Market.
I. Situational Requirements
(i) Development foundation.
During the 13th Five-Year Plan period [2016-2020], China made great efforts to promote reform based on the market allocation of technology factors of production, and strengthened market mechanisms and demand orientation. The market allocation of innovation resources had significant results, mechanisms for converting S&T achievements into practical applications (科技成果转化) were continuously innovated, the technology factor of production market management and service system was increasingly perfected, technology trading grew increasingly active, the environment for technology factor of production market development was significantly optimized, and operational efficiency was continuously improved.
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