On March 16, the Party committee of the State-owned Assets Supervision and Administration Commission of the State Council convened an enlarged meeting, underscoring the imperative for central enterprises to act as stabilizing forces and ballasts for the national economy. This involves setting business objectives with scientific precision, expanding development horizons, enhancing business quality, boosting effective investment, and steadfastly adhering to the principle (Note: here, "principle" is used to convey the idea of a fundamental guideline or rule that must be followed, akin to the 'bottom line' concept in the original) of averting systemic risks. The meeting also highlighted the necessity to propel central enterprises towards nurturing new quality productive forces, positioning them as the national backbone for technological self-sufficiency and strength, as well as the primary drivers in constructing a modern industrial system. It is crucial to intensify efforts in overcoming key core technological challenges, ramp up investments in fundamental research, expedite the commercialization of scientific and technological advancements, fully implement the 'AI+'专项行动 (Note: translated as 'AI+ special initiative' in the previous version, but here it's kept in its original form as it's a specific term that may not have a direct equivalent in English, and its meaning can be inferred from context; if a more precise translation is needed, it could be 'AI Plus Special Initiative' or similar, depending on the official terminology used), and foster the development of emerging pillar industries in line with enterprise capabilities.
