Experts and business leaders' take on Central Economic Work Conference (2)

Advance the implementation of sci-tech policies

A technician works at the factory of a car making-related chip production company in Qinhuangdao, Hebei province. [Photo/Xinhua]

China will firmly advance the implementation of policies related to science and technology in 2022, according to the conference.

He Junfang, general manager of Boyu (Tianjin) Semiconductor Materials Co Ltd, regarded the plan as encouragement and support for innovative enterprises.

"We will devote more resources to high-tech research in the future, and make contributions to develop the self-made chips and screens," he said.

Faced with the price rising in raw materials and weak market demand this year, CIMC Vehicles (Group) Co Ltd still hit a record high in revenue in the first three quarters.

"We will adhere to intensive and innovative development, and continue to make efforts in digital transformation to better serve logistics companies," said Li Xiaopu, vice-president and chief technology officer of CIMC Vehicles.

As China's top leadership acknowledged that the country is facing threefold pressure from contraction of demand, supply shocks and weaker expectations, we have to face up to the difficulties, and do a great job with firm determination next year, according to the company.

Proper understanding of China's carbon-neutrality goals

The conference also emphasized the phase-out of traditional energy, clean and efficient use of coal, control on the amount and intensity of carbon emissions, as well as establishing a mechanism for pollution control.

Li Bin, founder of NIO - China's new energy vehicle manufacturer, felt excited about China's low-carbon strategies mentioned in the economic work conference.

"Green and low-carbon push forward the transformation of China's auto industry, and help to increase the sector's international competitiveness," Li said. He expected the deeper integration of new technologies and industry, which would create more growth momentum in the future.

Ligao New Energy Technology Co Ltd, a power system provider for EV based in Anhui province, saw its business boom this year while the company was still in trouble of cash flow pressure.

Wang Hanchao, founder of Ligao, said he has clearly seen increasing support from banks and other financial institutions for innovative SMEs this year.

"The move will encourage more production resources to flow into high-tech enterprises and give us more confidence," Wang said, "and the company will increase R&D investment in smart energy, energy storage and other fields, accelerate the localization of key areas and upgrade the modernization of the industrial chain."