As new technologies emerge, industrial boundaries and supply-demand relationships are evolving, intensifying industrial transformation across various sectors.
Amid the high uncertainty surrounding global technological advancements and industrial development, private enterprises in the Chinese mainland have seized opportunities arising from these changes, demonstrating a keen ability to identify risks and opportunities.
Chinese private companies have become the backbone of industries in high-tech fields such as embodied artificial intelligence (AI), including drones and robots; new energy vehicles; information communication terminal devices like smartphones and professional intercoms; integrated circuits; and intelligent driving. These companies have emerged as new forces in future-focused industries like commercial spaceflight, chips, and artificial intelligence, becoming key players in transforming industries and promoting development.
These enterprises have played an important role in driving the country's high-quality economic development.
An inclusive and patient institutional environment, a flexible and resilient industry collaboration system, and enterprises and entrepreneurs with grand visions and goals have turned regions like the Pearl River Delta and Yangtze River Delta into hubs for private high-tech companies in strategic emerging industries and future industries.
Reference(s):
cgtn.com
