China orders state firms to double basic research spendingdouble basic research spending
China's state asset regulator has ordered central state-owned enterprises to double their spending on basic research by 2030, according to reporting from Beijing on June 4.
The move is meant to push some of the country's biggest companies to invest more for the long term as China tries to build up sovereign technologies, making the policy relevant to global competition in advanced industry.
- China's state-owned giants often dominate sectors such as energy, telecoms, shipping, and heavy industry.
- Basic research is usually slower to pay off than applied research, but it can produce the most transformative discoveries.
- Beijing has made technology self-reliance a central policy theme as tensions with the United States have deepened.
US-China Indo-Pacific Rivalry
China and Taiwan coast guard vessels have repeatedly faced off near the Pratas Islands, with the latest standoff showing how small maritime incidents around Taiwan can quickly become confrontations.[1][5] The episode adds to wider U.S.-China military tension across the Indo-Pacific, where Beijing is expanding patrols and Washington is reinforcing regional deterrence.[2][3] The rivalry now centers on preventing miscalculation around Taiwan, the South China Sea, and nearby sea lanes.[1][3][5] It also shapes defense planning by Taiwan, Japan, the Philippines, and the United States as all sides weigh coercion, sovereignty claims, and the risk of escalation.[2][3]
24 May, 07:39 AM
Taiwan and China coast guards face off near Pratas islands1 January
The United States adopts a sharper great-power competition strategy focused on China
