BEIJING : China has urged big state-owned enterprises to play a key role in its drive to attain self-reliance in technology, raising the stakes in the race amid rifts with the United States.
China aims to turn some state giants into leading tech companies with global influence, the science and technology ministry said, following a meeting with the state-owned Assets Supervision and Administration Commission. "It is necessary to support central enterprises to meet the major needs of the country, focus on the"strangleholds" areas, resolutely win the battle of key core technologies and effectively maintain national industrial security."
However, analysts say China's private firms are more innovative than state firms that dominate strategic industries and tend to receive more state subsidies.
Source: Tech Daily Report (techdailyreport.net)
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