Xi Jinping on Wednesday inspected the city of Fuzhou
MERICS China Industries
12 min read

Xi speech on innovation + Five-Year Plan + Foreign R&D investment

1. Xi speech reminds cadres that China is staying the course on its innovation drive

At a glance: China’s leading party theory journal, Qiushi, published an excerpt from a speech Xi Jinping gave at the Chinese Academy of Sciences (CAS) and Chinese Academy of Engineering (CAE) in 2018. Speaking about turning China into a hub for science and innovation, Xi highlighted:

  • If China wants to achieve prosperity and national rejuvenation, it must vigorously develop science and technology (S&T) and strive to become the world's main scientific center and “high ground for innovation” (创新高地)
  • China faces major deficiencies in S&T that must be solved urgently, e.g., shortcomings in basic research and bottlenecks in high-end machinery and chips
  • Only by grasping key and core technologies “in [its] own hands” can China guarantee economic security, defense security and other aspects of national security

Qiushi also published several articles authored by the head of the Ministry of Science and Technology (MOST) and the party secretaries of the CAS and CAE that support and expand on Xi’s science and innovation rhetoric.