China’s Future Industries Flourish: Cultivating New Productive Forces with Technological Innovation

China’s future industries are now entering a critical stage from technological catch-up to forward-looking layout, though they still face challenges including poor achievement transformation, insufficient market traction and inadequate factor coordination. 

The core test lies in building a sustainable innovation ecosystem that integrates original breakthroughs from “0 to 1”, engineering scaling from “1 to 10” and large-scale application from “10 to 100”, thereby enriching application scenarios.

To promote development, China is strengthening the connection between original innovation and transformation chains to bridge the “key leap” from laboratories to production lines. It is also stimulating the vitality of enterprise entities, giving play to the leading role of leading enterprises to drive small and medium-sized enterprises to integrate into the ecosystem. 

For instance, more than 30 leading enterprises have gathered on Hefei’s 3.2-kilometre “Quantum Avenue”, forming a quantum industrial cluster covering over 100 enterprises.

In terms of factor guarantee, China is fostering patient capital with long-termism. In December 2025, the National Venture Capital Guidance Fund and its regional funds in the Beijing-Tianjin-Hebei, Yangtze River Delta and Guangdong-Hong Kong-Macao Greater Bay Area clearly prioritised investment in seed-stage and start-up enterprises. 

Efforts are also being made to attract and cultivate leading talents and improve the supply of public factors such as data and computing power, laying a solid foundation for the expansion of future industries.