On January 30, 2024, seven authorities, led by the Ministry of Industry and Information Technology (MIIT), jointly issued the Implementation Opinions on Promoting Innovation and Development of Future Industries (the "Opinions").

The Opinions outline that by 2025, overall development in future industries is expected to be achieved across technological innovation, industrial incubation, security governance, and other aspects, with some sectors reaching international advanced levels and the overall industrial scale steadily increasing. By 2027, it is anticipated that the overall strength of future industries will significantly improve, with some sectors emerging as global leaders. To achieve these objectives, the Opinions establish six key tasks, including comprehensively planning for future industries, accelerating technological innovation and industrialization, creating signature products, and fostering more and stronger players. In particular, the Opinions emphasize the need for forward-thinking planning. This involves staying abreast of global trends in scientific and technological innovation and industrial development through prioritizing the promotion of industrial growth in six key directions: future manufacturing, future information, future materials, future energy, future space, and future health, as well as establishing future industry observatories that utilize technologies such as AI and advanced computing to accurately identify and nurture high-potential future industries.

(Source: Ministry of Industry and Information Technology)