Financials

New National Entity in Charge of Technological Development in China

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Yilin Wang

Published at 2018-08-10 05:40

Summary

China’s State Council has established a new cabinet-level entity, the National Science and Technology Leading Group responsible for national technological developments planning and strategy, reported by Caixin Global on August 10. This new entity is to replace the old National Technology and Education Leadership Group, with a stronger emphasis on the technology side, as shown in the name of the new entity. All 14 members of the group are top policymakers, but the Premier Li Keqian will lead the group himself, with the Vice President Liu He as the deputy.

Analysis

The birth of this new group demonstrates China’s determination in enhancing its own research and development capacity and moving up from being a manufacturer in the international supply chain. In addition, the on

YW
Yilin Wang