Wuxi releases five-year plan on scientific and technological innovation

Wuxi recently released its plan for scientific and technological innovation during the 14th Five-Year Plan (2021-25) period.

According to the plan, by 2025 total social investment on research and development will account for 4 percent of GDP and the contribution rate of scientific and technological progress should reach 70 percent. Every 10,000 people should have more than 20 high-value invention patents. A number of major innovations should win the National Award for Technological Invention and Scientific and Technological Progress.

In order to achieve such goals, Wuxi will build an internationally competitive industrial scientific and technological innovation hub with a whole-process innovation system including scientific discovery, technological innovation, industrial development, talent support and ecological optimization.

The city will build the Taihu Bay Science and Technology Innovation Belt with Taihu New City at its core and strengthen the joint development of Xinwu district and Binhu district.

It will also give full play to the innovation capabilities of Liangxi, Huishan and Xishan districts and accelerate the integration of innovation chains, talent chains, capital chains and policy chains.

It will promote the integrated development of innovation in the Yangtze River Delta and further highlight the strategic supporting position of Jiangyin and Yixing.

In May 2021, Wuxi signed a strategic cooperation framework agreement with Shanghai's Jiading district, Qingpu district, Suzhou, Changzhou, Huzhou, Jiaxing and Xuancheng to jointly build the Taihu Lake Science and Technology Innovation Circle.

The city will pursue innovation in internet of things, integrated circuits, and biomedicine, intelligent manufacturing, new energy, the aerospace industry, quantum technology, artificial intelligence, and deep-sea equipment technology, social governance, healthcare and more.

By 2025, the output value of high-tech industries is expected to account for 50 percent of all industrial enterprises above designated size.