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Xi calls for advancing Chinese modernization through sci-tech innovation

China

Xi calls for advancing Chinese modernization through sci-tech innovation
China

China

Xi calls for advancing Chinese modernization through sci-tech innovation

2026-07-08 20:10 Last Updated At:23:37

Chinese President Xi Jinping on Wednesday called for accelerated efforts to achieve high-level self-reliance and strength in science and technology, and leverage sci-tech innovation to underpin and drive Chinese modernization.

Xi, also general secretary of the Communist Party of China (CPC) Central Committee and chairman of the Central Military Commission, made the remarks at a meeting in Beijing that brought together the national science and technology award conference, the general assemblies of the members of the Chinese Academy of Sciences (CAS) and the Chinese Academy of Engineering (CAE), and the 11th national congress of the China Association for Science and Technology.

At the meeting, Xi presented China's top sci-tech award for the year 2025 to Chen Liquan, a researcher at the Institute of Physics under the CAS and a CAE academician, and Ben De, a researcher at the China Electronics Technology Group Corporation and also a CAE academician. After presenting the medals and certificates to the two scientists, Xi shook hands with them and extended his congratulations.

Xi and other Party and state leaders, together with the two top-award winners, presented certificates to representatives of recipients of other awards, including the State Natural Science Award, the State Technological Invention Award, and the State Scientific and Technological Progress Award.

Addressing the meeting, Xi said the 15th Five-Year Plan period (2026-2030) is a critical phase for tackling tough challenges in building up the country's strength in science and technology. Xi said the CPC Central Committee has given priority to sci-tech innovation in China's modernization drive, further advanced the implementation of the innovation-driven development strategy, comprehensively deepened the reform of the sci-tech system since the 18th CPC National Congress, advancing China's sci-tech undertakings to make historic achievements and undergo historic transformations.

China is rapidly evolving from a participant and contributor in global sci-tech development into a pioneer and leader, becoming one of the fastest-rising countries in terms of innovation capability, said Xi.

Noting that a new round of sci-tech revolution and industrial transformation is profoundly reshaping the people's living and working style, as well as the global development landscape, Xi called for stronger measures to address weaknesses in China's sci-tech development and ensure the full implementation of the CPC Central Committee's decisions and plans on sci-tech affairs.

He urged strengthened coordination in such aspects as strategic planning, policy measures, major tasks, scientific research forces, resource platforms and regional innovation, and the formation of institutional arrangements that highlight central-local alignment and cross-region coordination.

Stressing the need to better integrate sci-tech innovation with industrial innovation, Xi called for faster transformation of science and technology into real productive forces. He said sci-tech innovation should be more application-oriented, and greater efforts should be made to strengthen the national technology transfer system, promote application of independently developed technologies, better intellectual property protection, and develop a sci-tech financial system that better supports innovation.

Xi underscored the importance of fostering young talent in science and technology, calling for stronger support for researchers and more efforts to cultivate scientific passion, specialty and literacy, and laboratory skills among youth, so as to attract more young people with scientific potential to pursue the sci-tech undertakings.

He also called for improving the efficiency of investment in sci-tech innovation, deepening reform of the sci-tech evaluation system, creating a sound research environment, and strengthening sci-tech ethics and safety governance to ensure that science and technology develop for good, in a safe and controllable manner, and to benefit the people.

Noting that building a country strong in science and technology requires the joint efforts of the whole Party and society, Xi urged Party committees and governments at all levels to place sci-tech work high in their agenda, while calling on the CAS and the CAE to unite the country's sci-tech community in scaling new heights in the latest round of sci-tech revolution.

"Members of the two academies are the pride of the Party and the people. I hope you will cherish the honor and strive unremittingly, play a leading and exemplary role in exploring the frontiers of science and technology, undertaking major tasks, cultivating young talent, and practicing the spirit of scientists. The broad masses of scientific and technological workers are an important force in building a great modern socialist country. I hope all of you will carry forward the fine tradition of serving the nation and benefiting the people, and make new contributions to building China into a strong country in science and technology," Xi said.

Premier Li Qiang presided over the meeting.

Vice Premier Ding Xuexiang read out the awarding decision.

Other Party and state leaders Zhao Leji, Wang Huning, Cai Qi and Li Xi were present at the meeting.

The two top-award winners delivered speeches, respectively, on behalf of all the award-winners.

Prior to the meeting, Xi and other leaders met with and had group photos taken with the representatives of the award winners.

Xi calls for advancing Chinese modernization through sci-tech innovation

Xi calls for advancing Chinese modernization through sci-tech innovation

Xi calls for advancing Chinese modernization through sci-tech innovation

Xi calls for advancing Chinese modernization through sci-tech innovation

U.S. stocks closed mixed on Monday as a sharp sell-off in semiconductor equities dragged down the technology sector, while investors digested new U.S. economic sanctions announced against Iran and fresh trade tariff warnings targeting Canada.

The Dow Jones Industrial Average rose 140.15 points, or 0.26 percent, to 53,417.16. The S and P 500 sank 21.51 points, or 0.28 percent, to 7,652.86. The Nasdaq Composite Index shed 200.264 points, or 0.77 percent, to 25,980.19.

Eight of the 11 primary S and P 500 sectors ended in the green, with consumer staples and financials leading the gainers by going up 1.76 percent and 1.24 percent, respectively. Meanwhile, technology and energy led the laggards by losing 1.59 percent and 0.76 percent, respectively.

The tech sector's pullback stemmed from broad weakness across chipmakers. Memory and semiconductor shares came under heavy pressure following weekend reports that graphics processor leader Nvidia plans to implement price hikes across select AI server configurations. SanDisk, Western Digital, SK Hynix, Micron Technology and Seagate Technology all finished lower.

Geopolitical developments dominated macroeconomic headlines as U.S. Treasury Secretary Scott Bessent on Monday threatened Iran with "an economic D-Day," announcing a wave of new sanctions aimed at further isolating the country.

On the trade front, U.S. President Donald Trump escalated trade frictions with Canada, announcing intentions to raise tariffs on Canadian cars, automotive parts and steel to 50 percent effective Jan. 1, 2027. The announcement weighed on domestic automotive equities, pulling shares of General Motors and Ford lower.

In corporate earnings disclosures, U.S.-listed shares of Chinese e-commerce firm PDD and electric vehicle maker XPeng declined 1.48 percent and 8.53 percent, respectively, following their latest quarterly financial reports.

Market attention is now converging on two critical catalysts later this week: Nvidia's highly anticipated second-quarter earnings release on Wednesday, expected to serve as a vital referendum on the ongoing AI investment cycle, and Federal Reserve Chair Kevin Warsh's scheduled address at the central bank's annual Jackson Hole Economic Policy Symposium.

U.S. stocks close mixed as chip stocks sink

U.S. stocks close mixed as chip stocks sink

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