The State Council released a guideline on Tuesday stating that it aims to complete its technology transfer system by 2025 to enable it to “adapt to new circumstances” by 2020, the 21st Century Business Herald reported on Wednesday.
The guideline aims to open up “channels of technology transfer” and to integrate civilian-military technology.
The plan comes as a much-needed boost to China’s technology transfer system, which faces bottlenecks in research and development and the manufacturing process, sad Cui Xinjian, vice president, Businsess School of the Central University of Finance and Economics.
The blueprint shows the way forward on how current issues in the technology transfer system can be resolved, said Cui.
The new system will also herald in a unified market at the national level, and expand and increase the number of channels for technology transfer, the report added.