Ministry of Finance: Strengthen supply of industrial innovation and technology, advance key core technology research, actively cultivate emerging industries and future industries.

The Ministry of Finance released a report on the implementation of China's fiscal policies in the first half of 2025. Next, the Ministry of Finance will accelerate the cultivation and development of new growth drivers. Strengthening the supply of industrial innovation and technology, advancing key core technological breakthroughs, actively nurturing emerging and future industries, and continuously promoting the transformation and upgrading of the manufacturing industry. Improving the allocation and management mechanism of fiscal science and technology funds, strengthening the overall arrangement of scientific and technological resources, and enhancing the efficiency of scientific and technological investment. Increasing support for the digital transformation of small and medium-sized enterprises, promoting the specialized development of more small and medium-sized enterprises. Deepening the construction of a unified national mega-market, treating all types of business entities equally in fiscal subsidies, government procurement, etc., and creating a favorable environment for enterprise operation and development.