China is strategically pushing for industrial upgrades across various sectors. The National Development and Reform Commission (NDRC) and other departments are focusing on scaling up the data industry by issuing guiding opinions that stress the importance of digital economy, data trading platforms, and infrastructure development. The aim is to achieve over 15% annual growth in the data industry by 2029 and cultivate internationally competitive data companies. Simultaneously, the Ministry of Industry and Information Technology (MIIT) and other departments have initiated the 'One Month One Chain' promotion activities to improve financing for strategic SMEs. The program targets better access to equity, credit, insurance services, and promotes mergers and acquisitions (M&As) for SMEs across various industrial chains. Furthermore, there is a strong emphasis on decarbonizing the hydrogen industry, with China looking towards state-owned enterprises to lead this transition. The country also aims to attract foreign investors back, enhance competitiveness in the pharmaceutical sector, and drive industrial modernization. However, challenges such as state involvement in data exchanges, limited private sector participation, and profitability concerns may impact the future success of these initiatives. Overall, China's data-driven and strategic industrial policies reflect a positive outlook for growth and modernization.