Hey tech community! 🤖 Ever wondered how the Chinese mainland is turning big R&D bets into real-world breakthroughs? Under the 14th Five-Year Plan (2021-25), massive funding flowed into research & development to boost artificial intelligence, green tech and more. The 15th Five-Year Plan then doubled down, promising an innovation-driven society on the horizon.
At the Bund Summit 2025, Klemen Boštjančič, minister of finance of the Republic of Slovenia, told CGTN host Michael Wang that it was a big question and a challenge for them—how to connect larger investments in R&D with an innovative society—and they need to learn from the Chinese mainland's experience and success in this.
So, what lessons can we take home?
- Strategic Funding: The Chinese mainland channels cash into university labs and nimble startups, fueling cutting-edge work in AI chips and bio-tech.
- Public-Private Partnerships: Collaboration between state-owned giants and private players fast-tracks prototypes to market.
- Talent Development: Scholarships, bootcamps and maker spaces are grooming innovators who think outside the box.
This playbook shows that smart R&D moves—backed by clear goals and strong support systems—can spark an innovation wave. Whether you're coding an app in Bangalore or designing solar gadgets in Jakarta, there's plenty to learn here. 💡
What's your take on linking R&D money to real impact? Drop your thoughts below! 👇
Reference(s):
Must learn how China spurs innovation through R&D investments
cgtn.com
