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02:46
China: "Two sessions" delegates call for increased investment in emerging industries
Several delegates at China's ongoing "two sessions" have called for increased investment in emerging industries to spur industrial upgrading and economic growth. The "two sessions" refer to the annual meetings of China's top legislature, the National People's Congress (NPC), and the top political advisory body, the Chinese People's Political Consultative Conference (CPPCC). Both bodies serve five-year terms and hold a plenary session each year. The current 14th NPC has nearly 3,000 deputies, while the 14th CPPCC National Committee comprises over 2,000 members. Chinese Premier Li Qiang delivered the government work report at the opening meeting of the third session of the 14th NPC on Wednesday, reviewing last year's achievements and outlining goals and tasks for 2025. The report emphasized the integration of sci-tech innovation and industrial innovation to build new growth momentum and upgrade traditional industries. Some delegates noted that investment in emerging industries can not only optimize the investment structure but also drive the upgrading of traditional industries, serving as a key engine for economic growth. The National Development and Reform Commission announced last Thursday that China will establish a national venture capital guidance fund and encourage the creation of a mergers and acquisitions fund to drive the development of new business models, including AI large models, embodied intelligence, and the low-altitude economy. The new plan has been widely praised by NPC deputies. NPC deputy Xu Shengjie highlighted the need for stronger investment in basic research, talent development, and industry-academia collaboration to advance new quality productive forces. Shotlist: FILE: Jiangsu Province, east China - Date Unknown: 1. Aerial shots of cityscape; 2. Various of employees, machinery working in factory; Beijing, China - Recent 3. SOUNDBITE (Chinese) Leng Youbin, NPC deputy (starting with shot 2/partially overlaid with shots 4-6): "We must swiftly embrace new technologies. In fact, AI is now integrated into production, research and development, and sales systems. We have transitioned from manual to tech-driven workflows in processing, quality control, product standards, and pilot testing within deep processing industrial chains.”; [SHOTS OVERLAYING SOUNDBITE] 4. Leng's NPC deputy ID card; FILE: Jiangsu Province, east China - Date Unknown 5. Various of researchers working in labs; 6. Various of machinery operating in factory; [SHOTS OVERLAYING SOUNDBITE] 7. Factory interior; Beijing, China - Recent 8. SOUNDBITE (Chinese) Ruan Qiantu, member, CPPCC National Committee (partially overlaid with shot 9): "Fujian's computing power infrastructure is expanding rapidly, with the number of cabinets in the province expected to reach 150,000 by 2025, providing 1.5 million kilowatts of capacity to ensure an ample power supply."; [SHOT OVERLAYING SOUNDBITE] FILE: China - Exact Location and Date Unknown 9. Various of equipment in server room; [SHOT OVERLAYING SOUNDBITE] 10. Bank clerk working, bundles of banknotes on desk; 11. Various of banknotes being counted; Beijing, China - Recent 12. SOUNDBITE (Chinese) Zhang Xiaohong, NPC deputy (partially overlaid with shot 13): "On one hand, this policy addresses enterprises' funding concerns. On the other hand, it helps scientists overcome funding shortages when testing, refining, and transforming research results into products. This is an effective policy to tackle key bottlenecks in the integration of technological and industrial innovation."; [SHOT OVERLAYING SOUNDBITE] 13. Zhang's NPC deputy ID card; [SHOT OVERLAYING SOUNDBITE] FILE: China - Exact Location and Date Unknown 14. Robotic arms operating in factory; 15. Employees operating devices in factory; 16. Researchers working in labs; Beijing, China - Recent 17. SOUNDBITE (Chinese) Mo Dingge, NPC deputy (starting with shot 16/ending with shot 18): "The transformation of sci-tech achievements into industrial outcomes, along with technological development and synergy, can drive the extension, supplementation, and strengthening of industrial chains while enhancing overall industrial value. With these efforts, we will certainly achieve the economic growth target of 5 percent."; FILE: China - Exact Location and Date Unknown 18. Various of machinery operating in factories; Beijing, China - Recent 19. SOUNDBITE (Chinese) Xu Shengjie, NPC deputy: "Developing new quality productive forces requires strong sci-tech support. We should further increase investment in basic research to achieve breakthroughs in core technologies in key fields and maintain a competitive edge. We must also take various measures to cultivate talent and promote deep integration between industries, academia, and research institutes."; 20. Xu's NPC deputy ID card; 21. SOUNDBITE (Chinese) Shi Jubin, NPC deputy: "Private enterprises should intensify innovation and leverage scientific technologies and AI to further enhance their core competitiveness and achieve higher-quality development. We should also encourage enterprises to expand globally and strengthen their presence in international markets to improve their standing in global competition."; FILE: China - Exact Location and Date Unknown 22. Aerial shots of industrial facilities. [Restriction - No access Chinese mainland]
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