Advance the implementation of sci-tech policies

China will firmly advance the implementation of policies related to science and technology in 2022, according to the conference.

He Junfang, general manager of Boyu (Tianjin) Semiconductor Materials Co Ltd, regarded the plan as encouragement and support for innovative enterprises.

"We will devote more resources to high-tech research in the future, and make contributions to develop the self-made chips and screens," he said.

Faced with the price rising in raw materials and weak market demand this year, CIMC Vehicles (Group) Co Ltd still hit a record high in revenue in the first three quarters.

"We will adhere to intensive and innovative development, and continue to make efforts in digital transformation to better serve logistics companies," said Li Xiaopu, vice-president and chief technology officer of CIMC Vehicles.

As China's top leadership acknowledged that the country is facing threefold pressure from contraction of demand, supply shocks and weaker expectations, we have to face up to the difficulties, and do a great job with firm determination next year, according to the company.