Chinese Academy of Sciences and SOEs Sign Major Innovation Contracts

The Chinese Academy of Sciences and the State-owned Assets Supervision and Administration Commission of the State Council held an annual consultation meeting in Beijing on October 1, 2026. During the event, they signed four institutional cooperation agreements and 14 major project contracts. These agreements cover critical sectors including aerospace, biomanufacturing, new energy, new materials, and robotics.

The meeting stressed that central State-owned enterprises must serve as the backbone for integrating scientific and industrial innovation. Central State-owned enterprises have maintained annual research and development spending exceeding 1 trillion yuan for four consecutive years.

An innovation hub in northern China fosters unconventional research through local mechanisms.