People walk past the temporarily closed 300-meter SEG Plaza in China's tech hub Shenzhen, South China's Guangdong Province on May 24, 2021. Photo: CFP
CHINA, July 6, Global Times: Six Chinese ministries jointly issued a guideline over the weekend saying that by 2025, the nation aims to develop 10,000 "little giant" enterprises that specialize in niche sectors and 1,000 enterprises that are champions in a single industry, as well as groups of leading companies.
Industry observers said that the guideline underscores China's strategic policy shift in the next five years to focus on breakthroughs in specific and critical sectors and supply chains where the country may be vulnerable amid a spiraling technology war between the world's two largest economies.
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