1. The Evolution and Timeline of Policy Formulation

my country’s reform of market-oriented allocation of factors of production has undergone a long historical evolution:

‌1978-1991 : The initial stage of

The ” contract responsibility system ” started in Xiaogang Village, Fengyang County, Anhui Province , established a household contract responsibility system and gave farmers the right to independently manage their land.

Rural labor mobility began to ” loosen ” , and township enterprises emerged rapidly. In 1992 , the output value of township enterprises accounted for more than 60% of the total rural social output value.

The rural financial system has been initially restructured, but capital outflow remains a prominent issue.

‌1992-2012 : Marketization exploration stage

Restrictions on labor mobility have been gradually relaxed, and the number of migrant workers has increased from less than 2 million in the early days of reform and opening up to 260 million in 2012 .

The capital market began to be established, but the problem of factor market segmentation still exists

‌2013-2020 : Top-level design stage

The 19th CPC National Congress report in 2017 clearly stated that ” economic system reform must focus on improving the property rights system and the market-based allocation of factors of production .”

In 2020 , the CPC Central Committee and the State Council issued the “Opinions on Building a More Perfect System and Mechanism for Market-Oriented Allocation of Factors”, which laid the foundation for the reform.

‌2021-2025 : Comprehensive reform pilot phase

The 2021 Central Economic Work Conference and the State Council Government Work Report proposed to launch a pilot program for comprehensive reform of the market-based allocation of factors.

The 2022 “Overall Plan for the Pilot Comprehensive Reform of Market-Based Allocation of Factors” was released, clarifying the ” three-step ” timetable:

First half of 2022 : Complete the layout of pilot areas

2023 : Achieve major breakthroughs in key areas

2025 : basically complete the pilot tasks

A comprehensive reform pilot covering 10 regions will be officially launched in September 2025 , and the Changsha-Zhuzhou-Xiangtan area of ​​Hunan Province will be selected.

II. Background and Significance of Policy Formulation

Policy Background

Factor market development lags behind : China’s commodity and service markets have achieved market pricing, but the construction of the factor market system is relatively lagging and underdeveloped.

Economic transformation needs : China’s economy is shifting to a factor-intensive and innovation-driven development model, which requires innovative factor allocation methods.

Significant regional : The marketization levels of different factors and regions vary, and reforms need to be tailored to local conditions.

Policy Implications

Economic level :

Remove obstacles to the flow of factors and optimize resource allocation efficiency and maximize benefits

Improve total factor productivity and inject new impetus into high-quality development

Social level :

Promote the free flow of labor and improve the equalization of public services

Promote the transformation of technological achievements and stimulate innovation and entrepreneurship

Institutional level :

Providing a model for improving the national factor market system

Promoting a better combination of effective markets and capable governments

III. Impact of Policies on the Future Economy and Society

Economic impact

Improve resource allocation efficiency : Guide factors to converge toward advanced productive forces through market-based means, thereby increasing total factor productivity.

Stimulating market vitality : Unleashing more resource factors and market development space for small and medium-sized enterprises

Promoting industrial upgrading : Promoting the deep integration of new factors such as technology and data with traditional industries

Social Impact

Freer labor : Deepen household registration system reform and smooth the channels for social mobility of labor and talent.

Public services are more balanced : promote the linkage between basic public services and permanent residents, and improve the quality of urbanization

The innovation : improve the technical skills evaluation system and increase the introduction of overseas talents.

4. Key favorable policies in Hunan

As one of the pilot areas, the Changsha-Zhuzhou-Xiangtan region in Hunan Province will have significant development opportunities in technology, industry, human resources, and capital.

Technical elements

Optimization of scientific and technological :

Support the development of key core technologies in the seed industry

Encourage industry-leading enterprises to take the lead in establishing innovation alliances

Comprehensively implement the ” lump sum system ” for the use of scientific research funds

Accelerating the transformation of scientific and technological :

Launch a pilot program to grant scientific researchers ownership or long-term use rights of their scientific and technological achievements

Accelerate the construction of the National Technology Transfer Talent Training Base ( Hunan )

Strengthening intellectual property :

Explore local legislation on intellectual property rights

Build a comprehensive service platform for intellectual property rights and scientific and technological achievements transactions

Industrial factors

Innovation in land :

Explore ways to give pilot areas greater autonomy in land allocation

Promote the adjustment of surplus indicators linked to the increase and decrease of construction land within Changsha, Zhuzhou and Xiangtan

Optimization of industrial :

Explore mixed industrial land supply and stratified development

Improve the multi-subject supply system for industrial land

human Resources

Unimpeded talent :

Deepen the reform of the household registration system

Improve the technical skills evaluation system

The business :

Implementing the fair competition review system

Deepen the ” One License for All ” reform of enterprise-related approval services

Capital Factor

Deep integration of technology :

Explore the knowledge value credit loan model

Establish a five-in-one technology investment system consisting of ” investment, loans, rewards, subsidies and insurance “

Improvement of capital :

Reform and improve equity investment guidance funds

Support regional equity market innovation

V. Development Trends and Outlook

System integration : Future reforms will focus more on the coordinated advancement of reforms in various sectors, improving the efficiency of the combined allocation of different factor resources.

Digital empowerment : The market-oriented allocation of data elements will become an important direction, promoting the establishment of data circulation rules and transaction mechanisms.

Regional specialization : Each pilot region will explore differentiated areas based on its own industrial characteristics. For example, Hunan will focus on breakthroughs in seed industry innovation, technology transformation, and other areas.

Institutional achievements : By 2025 , it is expected that a number of replicable and scalable institutional achievements will be formed, providing a model for the construction of national factor markets.

The pilot program for comprehensive reform of the market-based allocation of factors of production is a key initiative in deepening China’s economic restructuring. By removing institutional barriers, it will effectively improve resource allocation efficiency and inject new impetus into high-quality economic development. As one of the pilot areas, the Changsha-Zhuzhou-Xiangtan region in Hunan Province will enjoy significant development opportunities in technology, industry, human resources, and capital, providing strong support for the transformation and upgrading of the regional economy.

 In order to accelerate the digital transformation and intelligent upgrading of the manufacturing industry and create an “upgraded version” of intelligent manufacturing, six departments including the Ministry of Industry and Information Technology, the National Development and Reform Commission, the Ministry of Finance, the State-owned Assets Supervision and Administration Commission of the State Council, the State Administration for Market Regulation, and the National Data Administration have deployed a gradient cultivation action for smart factories.

　　According to the “Elements and Conditions for Gradient Cultivation of Smart Factories (2025 Edition)” (hereinafter referred to as the “Elements and Conditions”), smart factories will be cultivated at four levels: basic, advanced, excellent and leading.

       Basic-level smart factories focus on digital transformation and network connection construction to promote the popularization of digitalization.

      Advanced smart factories, based on their self-assessment as basic smart factories, will focus on digital transformation and networked collaboration to establish themselves as leading regional and industry-leading development benchmarks. Both basic and advanced smart factories must meet the requirements of the “Elements and Conditions.”

      In accordance with the requirements of the “Elements and Conditions”, the construction of excellence-level smart factories focuses on digital transformation, networked collaboration and intelligent upgrading to create a national leading development benchmark.

      In accordance with the requirements of the “Elements and Conditions”, the pilot-level smart factory focuses on digital transformation, networked collaboration and intelligent transformation to carry out construction, explore future manufacturing models, and create a global leading development benchmark.

Recently, the Excellence Smart Factory has been announced. I will review the layout, application points and plan of this project with you. If you are interested, please add WeChat to communicate: laifushe20160425

1. Corporate Profile

( 1 ) Basic conditions

1. Enterprise qualifications

Registered in China, with independent legal personality and good financial status.

It has been rated as an advanced smart factory.

There have been no major safety, environmental protection, or quality accidents in the past three years, and the credit record is good.

2. Factory construction

The intelligent transformation has been completed and has been in stable operation for ≥1 year, and the investment amount meets local requirements (such as some provinces require ≥100 million yuan).

Carry out smart factory construction around five aspects : factory construction, R&D design, production operations, production management, and operation management

The proportion of scenarios applying artificial intelligence technology shall not be less than 20% .

The factory must pass the National Intelligent Manufacturing Capability Maturity Assessment (Level 3 and above, i.e. integration level or above) .

( 2 ) Technical capability requirements

1. Digital infrastructure

Networking : Full coverage of the industrial Internet, and application of new technologies such as 5G and TSN.

Data platform : Establish an enterprise-level industrial big data platform to achieve unified data governance and analysis.

Information Security : Passed ISO 27001 or Information Security Protection Level 2.0 certification.

2. Intelligent equipment and production lines

The CNC rate of key equipment is ≥90%, and the automation rate is ≥80%.

The production line has flexible capabilities (supporting multi-variety, small-batch customized production).

Apply robots, AGV, intelligent detection equipment, etc. to achieve less-manpowered/unmanned operation.

3. System Integration (IT/OT Convergence )

Horizontal integration : ERP, MES, PLM, SCM and other systems are fully integrated.

Vertical integration : Real-time data interaction between the equipment layer (PLC/DCS) – control layer – management layer.

End-to-end integration : covering the entire value chain from R&D design, production, logistics, and services.

4. Application of

AI and big data : used for predictive maintenance, process optimization, quality defect detection, etc.

Digital Twin : Establish a factory-level virtual simulation model to achieve virtual-reality linkage.

Green and low-carbon : By applying the energy management system (EMS), energy consumption per unit of output value is lower than the industry average.

( 3 ) Management capability requirements

1. Organizational structure

Establish a dedicated smart manufacturing department and equip it with digital talents (such as Chief Information Officer ( CIO)).

2. Standard system

Formulate enterprise standards for intelligent manufacturing and participate in the formulation of national/industry standards (bonus points).

3. Innovation Mechanism

Annual R&D investment ≥ 3% of operating income, and possession of patents or software related to intelligent manufacturing.

( IV ) Performance indicators

1. Economic benefits

Production efficiency increased by ≥20%, operating costs decreased by ≥15%, and product defect rate decreased by ≥30%.

2. Social benefits

Form replicable industry solutions and drive coordinated upgrades of upstream and downstream industrial chains.

3. Demonstration​

Be rated as a provincial-level smart factory /benchmark factory, or be selected as a national-level pilot demonstration project (such as the Ministry of Industry and Information Technology’s smart manufacturing demonstration factory).

II . Application Process

III . Application Plan Steps and Strategies

1. Download the application template

To apply for specific templates and filling requirements, you need to log in to the Intelligent Manufacturing Data Resources Public Service Platform ( https://www.miit-imps.com ) to view , preview and download blank templates .

2. Breakdown of the list of supporting materials

   According to the specific application template and filling requirements, a complete list of required materials is broken down and prepared in various departments of the organization.

3. Preparation and layout of core third-party materials

   Excellence-level smart factories need to undergo a third-party smart manufacturing capability maturity assessment of level 3 or above.

 The recommended level for enterprise self-assessment is four.

4. Preparation of application materials

( 1 ) Before July 1 , prepare the attachment materials according to the breakdown materials list ;

( 2 ) Before July 10 , the application materials must be completed. If there is a supplier of intelligent transformation, the integrator’s solution can be provided as a reference .

Application Materials for Excellence-Level Smart Factory Project ( Official Website Notice )

( 3 ) Before July 15 , finalize the application materials and submit them online or offline.

I. Interpretation of the Policy’s Core Content and Evolution

1.1  Policy Highlights and Innovative Breakthroughs

The General Office of the State Council recently released the “Opinions on Unleashing the Potential of Sports Consumption and Further Promoting the High-Quality Development of the Sports Industry” ( Guobanfa [ 2025 ] No. 31 ) , a milestone document for the development of China’s sports industry. The document sets the ambitious goal of exceeding 7 trillion yuan in total sports industry revenue by 2030 and lays out 20 specific measures focused on six key areas : expanding supply, stimulating demand, strengthening key players, cultivating growth areas, strengthening support, and enhancing guarantees .

Highlights of policy innovation include :

Special policies for the development of the event economy : For the first time, it is clearly proposed to introduce special policies for the development of the event economy, build a multi-event and multi-level event system, and support the inclusion of events in the Olympic Games points system .

Upgrade outdoor sports planning : Formulate a new round of outdoor sports industry development plan, and differentiate the development of outdoor sports such as mountain outdoor, water, automobile and motorcycle, and aviation .

Digital Sports Innovation : Promote the ” Data Elements × Sports ” action, support the application of big data and artificial intelligence in the field of sports, and accelerate the construction of high-quality data sets in the field of sports .

Breakthrough in financial support : Encourage sports companies to go public and refinance, issue bonds, and securitize assets, and support the issuance of sports industry REITs .

1.2  Policy History and Evolutionary Logic

my country’s sports industry policy has gone through three key development stages:

Initial stage (2014-2019) : In 2014 , the State Council’s “Several Opinions on Accelerating the Development of the Sports Industry and Promoting Sports Consumption” positioned the sports industry as a ” green industry and sunrise industry ” for the first time , and proposed a goal of reaching an industry scale of 5 trillion yuan by 2025 .

Rapid Development Stage (2020-2024) : During the 13th Five-Year Plan period, the sports industry’s added value will achieve a compound annual growth rate of 16.5% , and the average annual growth rate of its total scale in the past five years has exceeded 10% .

High-quality development stage (2025-2030) : This “Opinion” marks the entry of the sports industry into a systematic and refined development stage, and the policy focus will shift from scale expansion to quality improvement and structural optimization .

The policy evolution shows obvious characteristics of ” from macro to micro, from single to systematic, from scale to quality ” , reflecting the country’s deepening understanding of the sports industry and the continuous improvement of its strategic positioning.

2. Economic Benefit Forecast and Quantitative Analysis

2.1  Direct economic driving effect

According to policy targets, China’s sports industry needs to maintain an average annual compound growth rate of approximately 12% from 2025 to 2030 , reaching a scale of 7 trillion yuan by 2030. This growth will have the following specific economic impacts:

Growth forecast for each segment :

Sports event economy : The development of professional and branded events will drive the entire industry chain, including event operations, copyright transactions, and derivative product development, and is expected to create an additional market of 1.2 trillion yuan .

Outdoor sports industry : Sub-sectors such as mountain outdoor, water sports, and aviation sports are expected to achieve an average annual growth of more than 20% , forming a market size of 800 billion yuan .

Sports equipment upgrade : The demand for intelligent and personalized sports equipment has exploded, which is expected to drive a 500 billion yuan high-end sports equipment market .

Regional economic growth :

Key regions such as the Beijing-Tianjin-Hebei region, the Yangtze River Delta, and the Guangdong-Hong Kong-Macao Greater Bay Area will form a sports industry agglomeration effect

Second- and third-tier cities can drive local consumption growth by more than 30% through special events ( such as the ” Village Super League ” and ” Scottish Super League ” models ) .

2.2  Indirect economic multiplier effect

The special nature of the sports industry determines its significant industrial linkage effects and employment creation capabilities :

Industrial linkage effect :

Integration of sports and tourism : Every 1 yuan spent on sports can drive 4.3 yuan of spending on surrounding tourism, catering, accommodation, etc.

Integration of sports and medicine : The sports and health industry will form a trillion-level market, and the demand for the construction of community sports and health centers will surge .

Integration of sports and science‌ : Fields such as smart wearables and sports technology will usher in explosive growth .

Job Creation Forecast‌ :

Direct employment: Every RMB 100 million increase in sports industry can create about 800 direct jobs .

Indirect employment: Taking into account the driving force of related industries, the total employment multiplier effect can reach 1:5.3 .

Key areas: Sports training, event operations, venue services and other fields will become the main force for employment growth .

III. Analysis of Social Benefits and Impact on People’s Livelihood

3.1  Booster for Healthy China Construction

The implementation of the policy will have far-reaching social impacts:

Promoting national fitness : By building a higher-level public service system for national fitness, it is expected that by 2030 , the proportion of people regularly participating in physical exercise will increase to more than 45% .

Chronic disease prevention and control : The promotion of the integrated sports and medical model can reduce the incidence of sports-related chronic diseases by 15%-20% .

Elderly health : The construction of an elderly-friendly sports activity platform will benefit 280 million elderly people .

3.2  Enhancement of cultural soft power

Sports and cultural exports : The export of traditional Chinese sports such as martial arts and Go will enhance cultural influence .

Youth Development : The improvement of the public welfare youth event system will help 120 million young people master sports skills .

Spiritual Shaping : The ” Ode to the Chinese Sports Spirit ” series of activities will reach more than 500 million people .

4. Eight golden opportunities for sports industry practitioners

4.1  Opportunities across the entire event economy chain

Event IP development : Cultivate events with independent intellectual property rights and strive to include them in the ” Olympic Points Competition System . “

Professionalization of event services : Optimization of professional services such as event approval, security, and copyright transactions .

Commercialization of grassroots events : Drawing on the ” village super ” model, creating regional specialty event IPs .

4.2  Blue Ocean of Outdoor Sports Industry

Outdoor destination construction : Participate in the development of high-quality outdoor sports destinations such as mountain outdoor and water sports .

Equipment upgrade : Seize the opportunity to upgrade ice and snow equipment and outdoor equipment .

Low-altitude economy : layout of emerging fields such as aviation model sports and simulated flight .

4.3  Digital Sports Innovation Space

Smart sports equipment : Develop smart training equipment based on AI and IoT technologies .

Virtual events : exploring new models that combine e-sports events with traditional sports .

Data Services : Provide value-added services such as sports big data analysis and sports performance evaluation .

4.4  Development of the Silver Sports Market

Elderly-friendly product development : Designing sports equipment and fitness courses suitable for the elderly .

Operation of senior sports events : Create senior sports event brands such as gateball and aerobics .

Integration of sports and health care : Developing integrated services such as sports rehabilitation and health management .

4.5  Sports + Cross-border Integration

Integration of sports and tourism : Develop themed products such as ” Travel with Events ” .

Integration of sports and education : Expanding the youth sports training market .

Integration of sports and medicine : Build community sports and health centers to provide exercise prescription services .

4.6  Sports Finance Innovation

REITs Investment : Participate in sports stadium infrastructure REITs projects .

Consumer finance : Develop financial products such as sports consumption installment plans and insurance .

Digital RMB Application : Explore the application of smart contracts in sports prepaid consumption .

4.7  Transformation and Upgrading of Manufacturing Industry

High-end equipment manufacturing : research and development of professional equipment for competitive sports .

Intelligent transformation : Promoting the digital transformation of sports factories .

Brand building : Create domestic ” trendy brands ” and participate in the selection of ” China’s Famous Consumer Products ” .

4.8  International Development Path

Overseas market expansion : Participate in international cooperation projects such as the ” Ice and Snow Silk Road ” .

Event introduction : Apply for hosting international events and enhance operational capabilities .

Cultural export : Promote the export of traditional Chinese sports .

V. Implementation Suggestions

5.1  Direction of corporate strategic adjustment

Focus on niche areas : Find differentiated positioning in the 7 trillion market .

Strengthen investment in science and technology : embrace technological changes such as AI and big data .

Focus on compliant operations : Adapt to regulatory requirements such as event approval and prepaid funds management .

5.2  Policy Dividend Capture Strategy

Project application : Pay attention to support policies such as sports consumption coupons and equipment renewal subsidies .

Resource integration : Leverage platforms such as the China International Import Expo and the China Sports Expo to expand business opportunities .

Regional layout : Priority will be given to settling and developing in sports industry clusters .

The release of this “Opinion” marks the beginning of a golden period of high-quality development for China’s sports industry. For practitioners, it’s crucial to recognize the enormous potential of the 7 trillion yuan market while also recognizing the industry’s ongoing evolution toward specialization, refinement, and high quality. Only by accurately grasping policy guidance, identifying our own unique positioning, and continuously innovating and changing can we seize opportunities in the new wave of development in the sports industry. The next five years will be a critical window for sports companies to transform and upgrade, and those who plan and act early will gain a decisive advantage .

I. Policy Background and Strategic Positioning
The State Council’s “Opinions on Deepening the Implementation of the ‘ Artificial Intelligence Plus’ Initiative,” a national strategic document, for the first time elevates AI to the strategic level of a core driver of new productivity. The policy explicitly calls for the development of a trillion-yuan AI industry cluster by 2027 , achieving technological breakthroughs, industrial integration, and ecosystem development through a three-step strategy . It specifically emphasizes breakthroughs in cutting-edge fields such as brain-inspired intelligence and quantum computing to foster a globally competitive innovation system.

The fiscal support system adopts a ” three horizontal and three vertical ” structure: horizontally, it covers basic research (such as algorithmic breakthroughs), technological breakthroughs (such as chip manufacturing processes), and industrial applications (such as the implementation of smart healthcare scenarios); vertically, it integrates central fiscal guidance, local supporting implementation, and market capital collaboration. Key areas of support include: a nationwide integrated layout of computing infrastructure, a ” challenge and lead ” mechanism for large-scale model R&D, and market-oriented replacement projects for domestic AI software and hardware.

II. Three-dimensional Structure of the Fiscal Support System
(1) Central fiscal leadership

Support Type

Investment scale in 2025

Key directions

Special expenditures for science and technology

36.2 billion yuan (annual growth rate of 18% )

Including the basic theory of the new generation of AI (accounting for 40% ), large model research and development ( 30% ), and security governance research ( 30% )

Special government bonds

100 billion yuan (issued in three phases)

The focus is on the construction of national computing hub nodes (East-West computing project), photonic chips and other ” bottleneck ” technologies.

First purchase and first use subsidy

Dynamic adjustment mechanism

Covering domestic AI servers (up to 30% subsidy ), industrial software ( full subsidy for the first year’s license fee)

(2) Local supporting execution level

Regional pilot programs : National pilot zones are implementing a ” one zone, one policy ” approach. For example, Chongqing’s 800 million yuan risk compensation fund focuses on supporting autonomous driving companies, and Shanghai is piloting a data factor market subsidy system. Central and western provinces are receiving preferential central government transfer payments.

Enterprise incentives : The additional deduction rate for R&D expenses will be increased to 120% ( 150% for technology-based SMEs ), and local governments will implement a ” tiered subsidy ” system : enterprises with annual R&D investment exceeding 5 million yuan can receive a 150,000 yuan reward and enjoy tax refund benefits.

Financial collaboration : Establish a ” government-bank-insurance ” linkage mechanism, set up an AI -exclusive review channel for the Science and Technology Innovation Board, commercial banks provide ” R&D loan ” products (with an interest rate reduction of 20BP ), and insurance institutions develop technology failure insurance products.

(3) Medium- and long-term guarantee mechanism

Scientific research management innovation

The pilot program for the lump-sum funding system has been expanded to include all national laboratories (originally limited to some research institutes).

Establish a ” milestone ” performance evaluation system and implement a ” yellow card warning ” dynamic adjustment mechanism for major projects

Debt risk prevention and control

Issue AI -specific bonds to replace local hidden debt ( pilot scale 30 billion yuan in 2025 )

The negative list explicitly restricts low-level duplicate construction (such as the civilian use of facial recognition technology projects).

III. Implementation Path Forecast from 2025 to 2027
Short-term priorities ( 2025-2026 )

The ” Double Thousand Project ” for computing power infrastructure is implemented : a new 1,000PFlops intelligent computing center will be built, and 1,000 traditional data centers will be transformed.

The Science and Technology Innovation Board further improves the screening of “hard technology” companies , focuses on cultivating hard technology companies such as AI chips and robots, and establishes a dynamic management mechanism for the listing cultivation pool.

Medium- to long-term goals ( 2027 )

Create a “3+2” industrial cluster structure: three core clusters in the Yangtze River Delta (intelligent manufacturing), Guangdong, Hong Kong and Macao (smart cities), and Chengdu-Chongqing (industrial internet) , plus two specialized clusters in Beijing (basic research) and Wuhan (intelligent connected vehicles).

The intensity of R&D investment is benchmarked against the level of Silicon Valley, with the proportion of corporate R&D required to increase by 5 percentage points compared to 2022 .

IV. Policy Effectiveness Evaluation Indicators
Economic indicators

Industry scale target breakdown: Basic layer (chips / sensors) accounts for 30% , technology layer (algorithm platform) accounts for 40% , and application layer (industry solutions) accounts for 30%.

Establish a ” red and black list ” for corporate R&D , and those that fail to meet the standards for two consecutive years will be disqualified from subsidies.

Social benefits

Implementing the “AI Benefiting the People ” project: Smart healthcare covers 80% of tertiary hospitals, and the penetration rate of educational AI assistants exceeds 60%.

Optimize employment structure: cultivate 500,000 compound talents in ” AI+ industry ” each year and transform 3 million traditional positions

V. Potential Risks and Countermeasures
Risk Warning

Calculation of local fiscal matching gap: The average matching rate in central and western regions is only 62% of the target

Uncertainty in technology development: The cost of training large models has increased by 35% annually , necessitating a precautionary approach to investment in an ” arms race .”

Optimization suggestions

Establish a horizontal transfer payment mechanism of ” Eastern counterparts supporting western regions ” and set up a supporting standard-reaching progress early warning system

Promote ” capitalization ” accounting treatment for R&D expenses and establish a national AI R&D insurance fund

(Note: This interpretation is based on public policy documents and industry white paper data. Implementation details are subject to the latest notifications from various ministries and commissions.)

If you are interested in this policy, please email：taochengcy@gmail.com