The Central Economic Working Conference was held from 11 to 12 December in Beijing. Chinese President/ general secretary of the CPC Central Committee/ Chairman of the Central Military Commission, Xi Jinping, attended the meeting and delivered an important speech. The meeting proposed that technological innovation will lead the development of new quality productive forces and the construction of a modernized industrial system. Related NewsIndustrial Production MoM for Feb in United States is 0.7%, higher than the previous value of 0.3%. The forecast was 0.2%.China will strengthen basic research and assault on key core technology, planning major technology projects in advance, and launch large-scale application demonstration of new technologies and new products in new scenarios. The authorities will also launch the “AI+” initiative to cultivate future industries.