China’s SASAC Vows to Speed Up Emerging and Future Industries, Build Modern Industrial System

Cointime update: China’s State-owned Assets Supervision and Administration Commission (SASAC) held a video meeting on Nov. 4 to convey and implement the spirit of the Fifth Plenary Session of the 20th Central Committee of the Communist Party of China, calling for faster cultivation of emerging and future industries to build a modern industrial system. The meeting urged effective investment, more basic research funding, implementation of the 15th Five-Year Plan, and a penetrative supervision system for state-owned enterprises.