China announced this Friday (9) a set of 19 measures to accelerate technological innovation, expand the adoption of artificial intelligence and modernize its industry. The guideline, published by the Central Committee of the Communist Party of China and the State Council, also provides for holding managers accountable for reckless investments that cause major losses.
The document covers scientific research, financing, industrial transformation and vocational training. The proposal seeks to develop the so-called new productive forces, a concept used by the Chinese government to promote economic growth based on advanced technologies and productivity.
Among the priorities is the expansion of the program AI+, which encourages artificial intelligence applications in traditional sectors, connected vehicles, smartphones, computers and humanoid robots. The plan also provides for strengthening computing infrastructure and data availability.
The initiative includes the creation of national bases to test industrial applications of AI, as well as systems for technology monitoring, risk identification and incident response.
Guideline combats tech bubbles and provides for accountability for major losses
The section dedicated to the implementation of the measures instructs regional authorities to avoid projects without economic viability, speculative investments and initiatives motivated only by the popularity of new technologies.
The determination also provides for holding executives accountable for hasty investment decisions that cause significant losses. The document, however, does not specify penalties or establish a dedicated procedure for these situations.
In parallel, the government intends to expand technology financing through angel investments, venture capital, private funds and credit instruments for innovative companies. The guideline also encourages the participation of private companies in national research projects and cooperation between universities and industry.
Despite the scope of the initiatives, no single budget was announced to implement the 19 measures. Coordination will be handled by central economic planning bodies, while local authorities must monitor implementation and the use of resources.
The guidance combines incentives for technological expansion with explicit requirements for control over investments, especially those made with public funds.
