On 23 December 2019, the Ministry of Science and Technology and the Ministry of Finance officially announced the establishment of nine new Venture Capital guidance funds under the National Fund for Technology Transfer and Commercialisation (thus they are officially referred to as ‘sub-funds’). The nine guidance/sub-funds will have a scale of 10.93 billion RMB, around…
At the end of November 2019, MOST announced the establishment of the first two National Agriculture High- and New-Technology Industrial Demonstration Zones, in Nanjing (Jiangsu province) and Jinzhong (Shanxi province). The establishment of the first two demonstration zones follows a series of opinions, regulations and work guidelines issued in the past two years by the…
On 13 November 2019, the Zhongguancun Management Committee organised a press conference to announce the development of 30 new innovative credit products for local micro, small and medium sized tech enterprises (MSMEs). The new innovative credit products were developed by 14 financial institutions and professional service agencies in Beijing, and cover 8 main areas: Intellectual…
On 5 November 2019, the Ministry of Science and Technology approved the establishment of a new National New Generation Artificial Intelligence Development Experimental Zone in Deqing County, Huzhou municipality, Zhejiang province. First introduced by the State Council’s Plan for the Development of New Generation Artificial Intelligence (Guo Fa [2017] No. 35), National New Generation AI…
According to a press release by the National Bureau of Statistics, China’s Innovation Index in 2018 reached 212.0 (+8.6% on the previous year), exceeding for the first time 200. Specifically: Innovation environment: 225.8 (+10.9% on 2017), particularly led by a significant increase of the number of enterprises enjoying tax deductions or exemptions; and by wider…
On 18 October 2019, the Ministry of Science and Technology approved the establishment of four new National New Generation Artificial Intelligence Development Experimental Zones, in Tianjin, Shenzhen, Hangzhou, and Hefei. First introduced by the State Council’s Plan for the Development of New Generation Artificial Intelligence (Guo Fa [2017] No. 35), National New Generation AI Innovation…
On 5 September 2019, the State Council wrote a letter formally approving the establishment of the Jiangxi National Innovation Demonstration Zone (NIDZ). The new NIDZ will be established on the basis of seven national high-tech zones already existing within Jiangxi province, specifically in: Nanchang, Xinyu, Jingdezhen, Yingtan, Fuzhou, Ji’an, and Ganzhou. NIDZs can be seen…
On 29 August 2019, during the World Artificial Intelligence Conference held in Shanghai, MOST Vice Minister Li Meng presented the list of newly approved National New Generation AI Open Innovation Platforms. These are: Shanghai Yitu Network Technology Co., Ltd.: Visual Computing National AI Open Innovation Platform; Shanghai MiningLamp AI (Group) Co., Ltd.: Intelligent Marketing National…
At the end of August, the National Bureau of Statistics published the Statistical Bulletin on Annual Government R&D Expenditure for 2018. The key findings include: Annual R&D expenditure in 2018 amounted to 1.97 trillion RMB (around 250 billion EUR), a +11.8% increase on the previous year. The R&D intensity on GDP increased to 2.19%. The…
The China Robotics Industry Development Report (2019) was released at the end of the World Robot Conference 2019, which took place in Beijing from 20 to 25 August. A few highlights of the Report include: The market size of China’s robotics industry in 2019 is expected to reach 8.68 billion USD (average growth of 21%…