China's SOEs directed to boost critical core technology research
China's State-owned Assets Supervision and Administration Commission (SASAC) has instructed state-owned enterprises to intensify research in critical core technologies and deepen reforms.
Background
China's government has long prioritized technological self-sufficiency, particularly in critical sectors. This directive to state-owned enterprises reflects ongoing efforts to reduce reliance on foreign technology and enhance national innovation capabilities amidst global competition.
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