Tech innovation expected to get more policy support

China will devote more financial resources and roll out new policies to encourage companies to achieve breakthroughs in crucial technologies in 2024, as part of its broader push to cultivate new productivity boosters for economic growth amid challenges and external uncertainties, officials and experts said on Wednesday.

Specific measures could include leveraging government bonds to support innovation by companies and motivating private companies to participate in key innovation projects, the experts added.

The comments came after the Central Economic Work Conference, which ended on Tuesday, urged efforts to promote industrial innovation through sci-tech innovation, and in particular, to forge new industries, models and impetus with cutting-edge technologies.