China pushes M&A to build 10 hi-tech listed firms that can compete globally by 2027

Quick Summary:

The industries in question include integrated circuits, biopharmaceuticals and new materials.

The September document also called for “greater tolerance” from policymakers and vowed to “respect market dynamics while upholding regulatory principles”.

High-quality development is central to President Xi Jinping’s vision for China’s future, which emphasises a shift from high-speed growth to sustainable and innovation-driven economic progress.

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Article Details

Author / Journalist: Yuke Xie

Category: Business

Markets: Hong KongChina

Topics: Market Industries Shanghai Companies Yuan Capacity 2027 Listed China Government

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-11 @ 14:30:19 (1 days ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 208 words

Reading Time: 2 minutes read

Sentences: 5 lines

Sentence Length: 42 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 24348538

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