BEIJING, March 13 (Xinhua) -- Two reports approved Friday at the fifth session of the 13th National People's Congress were released in full via Xinhua News Agency on Sunday.The report on the implementation of the 2021 plan for national economic and social development and on the 2022 draft plan for national economic and social development has three parts:I. Implementation of the 2021 plan for national economic and social development;II. Overall requirements, main objectives and policy orientations for economic and social development in 2022;III. Major tasks for economic and social developme...
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Smaller firms account for 70% of nation's leading tech innovationChina's greater emphasis on cultivating competitive small and medium-sized enterprises will help further stabilize the industrial chain and trigger the vitality of its industrial economy, officials and experts said.The comments came after the 2022 Government Work Report said China will work to nurture specialized and sophisticated enterprises that produce new and unique products.Such enterprises, also nicknamed 'little giant' companies, focus on a market niche and master key technologies with strong innovation cap...
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The Chinese Academy of Sciences (CAS) on Wednesday released a strategic action plan to support scientific and technological efforts toward the country's carbon peak and carbon neutrality goals.The plan aims to solve core scientific and technological issues to promote an energy revolution, industrial optimization and upgrading, and a green and low-carbon technological revolution, thus providing strong scientific and technological support for the realization of the country's carbon peak and carbon neutrality goals.By 2025, the CAS will have made breakthroughs in a number of key technolog...
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Govt urged to adopt more expansionary fiscal and monetary policies this yearChina is fully capable of achieving its GDP growth target of around 5.5 percent, as the country has ample space in macroeconomic policies to buffer short-term pressures, political advisers and experts said on Wednesday.They also said the country should step up efforts to solidify the basis for long-term, high-quality development by nurturing new growth engines, such as technological innovation, while refraining from careless stimulus that could worsen economic structures.'There are indeed challenges in terms of ful...
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China's producer price index, which gauges factory-gate prices, rose 8.8 percent year-on-year in Feb, down from 9.1 percent in the previous month, the National Bureau of Statistics said on Wednesday.The carryover effect of last year's prices changes contributed around 8.4 percentage points to the PPI growth, while new price increases contributed around 0.4 percentage points, the NBS data showed.On a monthly basis, the PPI grew by 0.5 percent in Feb, compared with the 0.2 percent decrease in Jan.China's consumer price index, a main gauge of inflation, rose by 0.9 percent year-on-yea...
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