On December 23, at the 2024 Global Times Annual Conference with the theme of "Chinese-style Modernization, Breaking the Century-old Changes", experts and scholars discussed the topic of "Innovation, Technology and Humanities: The Future of Chinese-style Modernization". Wei Jianguo, former vice minister of the Ministry of Commerce, said that China's scientific and technological development is "sprinting".
Wei Jianguo believes that China's science and technology have entered a very critical stage of development. Overall, global tech hubs shift every 100 years, from the UK to Europe and then to the US. So, where is the next tech hub?A lot of people think it's going to be in China.
For China's current stage of scientific and technological development, Wei Jianguo described it as a "sprint run". He said that many countries and regions, including the United States, India and Europe, are now looking at us, and we are already in a leading position in many scientific and technological fields, such as the digital economy, and we also have extraordinary performance in institutional innovation.
Wei Jianguo said that now our scientific release ranks second in the world, and the next step is to put all our existing scientific products into practice and let them go to the market, the key lies in financial innovation, "finance is the 'bloodline' of the market." Wei Jianguo said that the key reason why the United States can succeed in the field of science and technology is to invest in innovative projects, capital investment and risk investment are very important, "even if 9 out of 10 projects fail, as long as 1 succeeds."
Wei Jianguo said that China has two great advantages in scientific and technological innovation, the first is talent, and the second is the market. In the future, the world's science and technology center will shift, and China is "moving up".