Global Brazilian Newspaper:

The recent measures of the State Council to boost the economy highlight incentives to the technology sector. Which specific areas of the technology industry could have most in the recovery of the economy from the COVID lockdowns? Do the recent measures mean an ease on the regulatory restrictions that were applied on the sector last year? 

Wang Zhigang:

Thank you for your questions. While having important roles to play when the economy and industry develop smoothly, science and technology have greater roles to play when economic and industrial development encounter problems or challenges. You asked about the specific areas of technology or disciplines that will provide more support to economic development or have the potential to solve bigger economic problems. In fact, in terms of science itself, disciplines cross each other. To truly form economic activities, industrial scales, and products requires the organic combination of different disciplines and different fields. Only in this way can the development of the economy be supported. As far as economic or industrial fields are concerned, multiple economic or industrial fields need to develop in tandem. Of course, the structures of various industries are not necessarily the same. Some account for a higher proportion, and some for a lower proportion. There are underlying reasons for this. We need to use the methodologies and ways of thinking of the system theory to study how to promote the scientific and technological elements in economic development.

Regarding science and technology restriction or supervision you just mentioned, in fact, any government's management consists of two aspects: incentive and restriction. There is no case of incentives only or restrictions only. Instead, incentives and restrictions are applied as is necessary. The most important thing is to judge how many positive benefits they can bring to economic and social development and see whether they are in line with scientific and technological development laws and corporate development and comply with laws and regulations. This is the case in all countries. Our country places incentives in a more important position more often, believing that our entrepreneurs and enterprises can make more positive contributions to the entire economy, society, and people's wellbeing while achieving corporate development in line with regulations. This is the foremost criterion. Under this criterion, we make adjustments as circumstances change. Given different times, targets, occasions, and fields, we adopt different adjustments and make the right choice.

Thank you.

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