NDRC Guides Social Capital to Support Development of Emerging Pillar Industries

The National Development and Reform Commission held a press conference in its "Striving for the 15th Five-Year Plan" series to introduce efforts to foster and strengthen new growth drivers. Ren Zhongbao, deputy director of the NDRC's Department of Innovation and High-Tech Development, said the commission will follow the requirements of application-driven development, tailoring measures to local conditions, deepening reform, and expanding opening up, give full play to the decisive role of the market in resource allocation, and effectively carry out the cultivation program for emerging pillar industries. On funding, the commission will coordinate multiple funding channels, step up fiscal and financial policy support, and guide social capital to support the development of emerging pillar industries. He stressed the importance of balancing development with security, firmly holding the bottom line on safety, which is crucial to the sustained and healthy development of emerging pillar industries. Under the premise of ensuring safety, the commission will promote the healthy and orderly development of relevant industries and gradually unleash their development potential. (Securities Times)