The Chinese State Council has issued a new guideline to enhance military-civilian integration within the defense technology sector to foster economic growth. The policy aims to share technological innovation facilities and transfer advanced military technologies to civilian industries, particularly in space, cyberspace, and maritime sciences. Additionally, the guideline lowers barriers for private enterprises to enter the defense sector, shifting from pre-entry approvals to post-entry reviews for non-strategic areas. Currently, about 70 percent of products from Chinese defense companies serve civilian purposes, but officials expect high-tech sectors to eventually account for half of the military-related economy. By utilizing previously untapped defense intellectual property, the initiative seeks to reduce institutional costs, encourage private investment, and generate new local employment opportunities.
Source : China Daily
Photo : China Daily
