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China speeds up planning future industries for high-quality growth

BEIJING, Feb. 21 (Xinhua) -- Four years ago, Peng Xiaobo, who had been engaged in the research, development and management of spacecraft technology for 25 years, established the Beijing Interstellar Glory Space Technology Co., Ltd., to pursue his dream of commercial spaceflight.

The startup has successfully launched many sounding rockets. Peng, CEO of the company, believes the value of the aerospace industry has not been fully tapped. "Our goal is to become a global leader in commercial spaceflight," he said.

Despite the limited scale of the company, its core competitiveness in the specific field has highlighted China's emerging "industries of the future," a new buzzword that points out the key direction of China's most recent round of industrial revolution.

Although there is yet a clear definition, experts believe that industries of the future share the features of boasting leading-edge technologies and the prospect of explosive growth.

China has accelerated the layout of this major cause with provinces and municipalities such as Beijing, Hebei and Anhui gearing up for developing their "future industries" by making use of local advantages.


Origin Quantum, a 3-year-old startup focusing on quantum computers and related technologies, recently rolled out an operating system called Origin Pilot. The system will effectively improve the overall utilization of quantum chips and shorten the time it takes to put a new quantum computer into operation, according to experts.

The company is based in Hefei, capital city of Anhui province, now a hub for China's quantum technology. Yunfei Road where the company is located is dubbed "quantum street" by locals as it has been home to over 20 quantum technology startups.


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