Scientific and technological innovation activates development momentum
How will scientific and technological innovation effectively boost economic momentum in 2021?In the series of economic data for 2021 recently released by the National Bureau of Statistics and other ministries and commissions, scientific and technological innovation highlights.”The 14th Five-Year Plan got off to a good start in 2021, with scientific and technological innovation playing an important role in epidemic prevention and control, promoting high-quality development, building a new development landscape and safeguarding national security.The country has risen to 12th in the world in terms of its overall innovation capability.Wang Zhigang, party secretary and minister of the Ministry of Science and Technology, commented on 2021’s science and technology work at the 2022 National Science and Technology Work Conference.In 2021, China’s spending on R&D will increase by 14.2 percent over the previous year, 4 percentage points faster than the previous year.The ratio of r&d expenditure to GDP reached 2.44%, 0.03 percentage points higher than the previous year.Of this, the funding for basic research increased by 15.6 percent over the previous year, accounting for 6.09 percent of the total spending on R&D, an increase of 0.08 percentage points over the previous year.”It is heartening that r&d spending has continued its double-digit growth trend since the 13th Five-Year Plan, reflecting the great importance society attaches to scientific and technological innovation.At the same time, the proportion of funding for basic research has increased from around 5 percent in the past to more than 6 percent now. This shows that we attach importance to originality, face up to the problem of being stuck in the middle, and are laying a solid foundation and practicing basic skills.”China society of Social and economic System Analysis vice president, researcher Zhao Gang said.”China’s R&D investment will continue to grow at a high speed.”Zhao Gang believes that 2.44% of R&D investment intensity indicates that the rapid growth of R&D investment is closely related to the rapid growth of GDP.The GDP growth rate of 8.1% in 2021 demonstrates the potential and vitality of China’s economy. “Only by taking innovation as the primary driving force for economic development and persisting in high investment in scientific and technological innovation can China’s economic competitiveness be enhanced.”Sustained investment has fostered the world’s largest pool of scientific and technological talents and brought about sustained research output.At present, the full-time equivalent of r&d personnel in China exceeds 5 million years.By the end of 2021, there were 3.597 million valid invention patents in China, and the number of high-value invention patents per 10,000 people reached 7.5, 1.2 more than the previous year.New progress was made in basic research and key core technologies in 2021.Implementation of major projects such as next-generation artificial intelligence and quantum technology was accelerated.Major original achievements in basic frontier fields: successfully proved the two core conjecture of Keller’s geometry, realized artificial starch in the laboratory for the first time in the world, “Zuchong No.2” and “Jiuzhang No.2” realized quantum superiority in superconducting quantum and optical quantum physical systems;New progress has been made in strategic high technology: Tianyun-1 embarked on its journey to Mars, Xi He achieved a breakthrough in solar exploration, Shenzhou 13 successfully docked with the Tianhe core module, and Haidou-1, an all-sea deep-sea submersible, broke several world records.Innovation leads the development of high-tech industries Scientific and technological innovation leads the rapid development of high-tech industries and brings higher quality to economic development.In 2021, the added value of pharmaceutical manufacturing, aviation, spacecraft and equipment manufacturing, electronic and communication equipment manufacturing, and computer and office equipment manufacturing above designated size will increase by 24.7 percent, 17 percent, 18.3 percent and 18 percent respectively, and that of information transmission, software and information technology services will increase by 17.2 percent.Ma Tao, deputy dean of the School of Economics and Management at Harbin Institute of Technology, said that economic data in 2021 reflect the rising international competitive advantage of China’s high-tech industries. “From the export destinations of the above categories, in addition to developing economies, imports of China-related products from major developed economies have also increased significantly.The global competitive advantage of China’s high-tech industry has not been weakened, but has developed, grown and strengthened.”The industrial multiplier of digital technology has played a big role.”Since the 18th National Congress of the Communist Party of China (CPC), the integration of digital economy and manufacturing industry has become large-scale and spillover, and the multiplier effect of digital technology on manufacturing industry has begun to exert force.”Ma Tao believes that due to the increase of China’s digital demand scenarios and the high-quality evolution of the digital industry, the r&d input of the digital economy is higher than the average r&d input of the industry, accelerating the reshaping of the manufacturing industry system by the digital economy forms such as industrial Internet and consumer Internet.Innovation is driving economic upgrading, and the new development pattern has brought huge investment impetus and entrepreneurial vitality.Investment in China’s high-tech industry will increase by 17.1% year-on-year in 2021.Enterprises’ innovation capacity was further strengthened, and the number of high-tech enterprises increased by 18.7 percent year on year.”The rapid growth of investment in high-tech industries is related to China’s policy orientation and the deepening understanding of enterprises.”Zhao gang believes that in recent years, the central government has issued a series of policies to strongly support the development of hard science and technology, encouraging more enterprises and private capital to invest in scientific research and technological transformation.As international competition intensifies under the pressure of economic downturn, more and more enterprises realize that only by increasing r&d investment and mastering core competitiveness can they remain invincible in the market.In the first year of the 14th Five-Year Plan, China’s science and technology continued to deepen reform and talent development in key areas.Looking to the future, how should the next stage of scientific and technological reform enhance the driving force of innovation?”To form and stimulate the non-manufacturing market players to participate in manufacturing innovation input market system.”Ma said that although the r&d investment and profit level of some manufacturing sectors reached recent highs last year, it is true that the profit margin of China’s manufacturing sector as a whole is lower than that of sectors such as new economy and financial economy.It is still difficult to rely entirely on the manufacturing industry itself to form long-term and sustainable innovation inputs that can meet the needs of international competition.In addition to the national market framework for investment in basic applied research, digital economy, financial economy, traditional industries with high potential for innovation investment should become the main body of allocating resources to innovation and upgrading of manufacturing industry.According to Zhao, to enhance the driving force of innovation, China should also strengthen scientific and technological reform in several aspects. First, to create a more relaxed research environment and stimulate the enthusiasm of scientific and technological talents, for example, innovation subjects should be given more autonomy in the direction of RESEARCH and development, and project verification and evaluation should be handed over to third-party professional institutions.Second, give full play to the main role of enterprises in innovation, especially to support small, medium and micro enterprises with great difficulties;Third, further strengthen international scientific and technological cooperation and attract outstanding scientists from all over the world to participate in China’s RESEARCH and development projects.