Hard technology startups – China has launched three venture capital funds totaling more than 50 billion yuan each, targeting early-stage hard technology startups in sectors like quantum tech, biomedicine, and aerospace – Polymers and Petrochemicals prices 29-12-2025
Hard technology startups – Responsible luxury textiles – Full price table (22/12/2025 →29/12/2025)
| ITEM | 22/12/2025 | 29/12/2025 | +/− |
|---|---|---|---|
| Bottle grade PET chips domestic market | 5,800 yuan/ton | 6,030 yuan/ton | +230 |
| Chinese bottle-grade PET chips FOB export price | 750 $/ton | 795 $/ton | +45 |
| LDPE CFR Est China | 950 $/ton | 950 $/ton | – |
| PET Semidull — Fiber chips | 5,600 yuan/ton | 5,760 yuan/ton | +160 |
| PET Bright — Fiber chips | 5,650 yuan/ton | 5,800 yuan/ton | +150 |
| Pure Terephthalic Acid PTA domestic market | 4,880 yuan/ton | 5,090 yuan/ton | +210 |
| Pure Terephthalic Acid PTA FOB China | 610 $/ton | 660 $/ton | +50 |
| Monoethyleneglycol (MEG) South China | 3,850 yuan/ton | 3,830 yuan/ton | -20 |
| Monoethyleneglycol (MEG) CFR China | 430 $/ton | 442 $/ton | +12 |
| Paraxylene PX FOB Taiwan market | 843 $/ton | 896 $/ton | +53 |
| Paraxylene PX FOB South-Korea market | 844 $/ton | 897 $/ton | +53 |
| Paraxylene PX FOB EU market | 811 $/ton | 873 $/ton | +44- |
| Polyester filament POY 150D/48F domestic market | 6,400 yuan/ton | 6,500 yuan/ton | +100 |
| Recycled Polyester filament POY domestic market | 5,850 yuan/ton | 5,900 yuan/ton | +50 |
| Polyester filament DTY 150D/48F domestic market | 7,650 yuan/ton | 7,800 yuan/ton | +150 |
| Polyester filament FDY 68D/24F | 7,300 yuan/ton | 7,500 yuan/ton | +200 |
| Polyester filament FDY 150D/96F domestic market | 6,600 yuan/ton | 6,775 yuan/ton | +175 |
| Polyester staple fiber 1.4D 38mm domestic market | 6,305 yuan/ton | 6,480 yuan/ton | +175 |
| Caprolactam (CPL) domestic market | 9,475 yuan/ton | 9,475 yuan/ton | – |
| Caprolactam (CPL) CFR China | 1,30 $/ton | 1,07 $/ton | -23 |
| Nylon 6 chips — overseas market | North America export : ~US$ 2.69/kg
Europe: ~US$ 2.41/kg Northeast Asia: ~US$ 1.42/kg Southeast Asia: ~US$ 1.89/kg |
North America ~ $2.47 /kg – $2.93 /kg Europe ~ $2.36 /kg Northeast Asia ~ $1.42 /kg – $1.74 /kg Southeast Asia ~ $1.62 /kg – $1.81 /kg Middle East ~ $1.50 /kg – $1.88 /kg |
– |
| Nylon 6 chips conventional spinning domestic market | 9,750 yuan/ton | 9,750 yuan/ton | – |
| Nylon 6 chips high speed spinning domestic market | 10,200 yuan/ton | 10,200 yuan/ton | – |
| Nylon 6.6 chips domestic market | 14,900 yuan/ton | 14,900 yuan/ton | – |
| Nylon6 Filament POY 86D/24F domestic market | 11,400 yuan/ton | 11,400 yuan/ton | – |
| Nylon6 Filament DTY 70D/24F domestic market | 13,700 yuan/ton | 13,700 yuan/ton | – |
| Nylon6 Filament FDY 70D/24F | 12,100 yuan/ton | 12,100 yuan/ton | – |
| Spandex 20D domestic market | 26,700 yuan/ton | 26,700 yuan/ton | – |
| Spandex 30D domestic market | 26,200 yuan/ton | 26,200 yuan/ton | – |
| Spandex 40D domestic market | 23,000 yuan/ton | 23,000 yuan/ton | – |
| Adipic Acid China domestic market | 6,800 yuan/ton | 6,800 yuan/ton | – |
| Adipic Acid Europe market | 1,820 $/ton | 1,820 $/ton | – |
| Benzene domestic market East China | 5,280 yuan/ton | 5,330 yuan/ton | +50 |
| Benzene CFR China | 666 $/ton | 666 $/ton | – |
| Ethylene South East market | 725 $/ton | 725 $/ton | – |
| Ethylene NWE market CIF | 644 $/ton | 673 $/ton | +29 |
| Acrylonitrile (ACN) domestic market | 7,800 yuan/ton | 7,700 yuan/ton | -100 |
| Acrylonitrile ACN Southeast Asia | 1,100 $/ton | 1,150 $/ton | +50 |
| Acrylic staple fiber (ASF) CFR China | 13,895 yuan/ton | 13,420 yuan/ton | -475 |
| VSF viscose staple fiber | 12,800 yuan/ton | 12,800 yuan/ton | – |
| PP Powder domestic market | 6,270 yuan/ton | 6,220 yuan/ton | -50 |
| Naphtha overseas market | 502 $/ton | 490 $/ton | -12 |
| Phenol domestic market (Jinan Dezheng / Yanshan Petrochemical, Shandong) | 5,810 yuan/ton | 5,752 yuan/ton | -58 |
| Recycled PET | 4,050 yuan/ton | 3,950 yuan/ton | -100 |
Hard technology startups – China has launched three venture capital funds totaling more than 50 billion yuan each, targeting early-stage hard technology startups in sectors like quantum tech, biomedicine, and aerospace.
China Launches Ambitious Venture Capital Funds to Boost Hard Technology Startups
China has officially launched three substantial venture capital funds aimed at accelerating the growth of hard technology startups. Each fund is designed to inject more than 50 billion yuan (approximately 7.14 billion USD) into promising early-stage companies, according to reports from state media. This initiative highlights China’s increasing focus on developing cutting-edge technological sectors and strengthening its position as a global innovation leader. Hard technology startups
Focused Investment in Early-Stage Startups
The new venture capital funds primarily target early-stage startups with valuations below 500 million yuan. Government officials emphasized that no single investment would exceed 50 million yuan, ensuring that funding is distributed across multiple innovative projects. Hard technology startups
By concentrating on smaller, high-potential firms, the funds aim to nurture the next generation of technological breakthroughs.
This approach also encourages entrepreneurs to explore ambitious projects without the pressure of massive initial investments. It provides them with both financial support and strategic guidance to turn innovative ideas into commercially viable solutions.
Key Areas of Hard Technology Investment
The funds are set to prioritize investments in several critical hard technology sectors. These include:
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Integrated Circuits: Enhancing chip production capabilities to reduce dependence on foreign technology.
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Quantum Technology: Advancing quantum computing and communications for next-generation computational power.
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Biomedicine: Supporting medical research and biotechnology innovations for improved healthcare solutions.
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Brain-Computer Interfaces: Pioneering human-machine interaction technologies for a range of applications.
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Aerospace: Driving development in space exploration, satellite technologies, and aviation systems.
Soft technology sectors, such as internet services, are explicitly excluded from these funds. This focus ensures that investments are channeled toward technologies with high strategic and economic impact. Hard technology startups
Strengthening China’s Innovation Ecosystem
The creation of these venture capital funds represents a broader national strategy to strengthen China’s innovation ecosystem. By targeting early-stage hard technology startups, the country aims to foster a pipeline of technological advancements that can compete globally.
Investments in these sectors are expected to generate long-term economic benefits, including job creation, intellectual property development, and increased technological self-reliance. The initiative also aligns with national goals to reduce reliance on imported technologies and cultivate domestic expertise in high-tech industries. Hard technology startups
Implications for Entrepreneurs and Investors
Entrepreneurs in the targeted sectors now have access to substantial financial resources, which can help accelerate research and development. The fund structure encourages collaboration between startups, research institutions, and government-backed programs, creating a more integrated innovation ecosystem. Hard technology startups
For investors, the launch of these funds provides new oppor tunities to participate in high-growth sectors with significant future potential. By spreading investments across multiple early-stage projects, risk is mitigated while maintaining the possibility of high returns from successful startups.
A Strategic Move on the Global Stage
China’s decision to focus on hard technology reflects a strategic move to secure leadership in critical areas of innovation. Quantum computing, aerospace, and biomedicine are considered essential for future economic competitiveness and national security. By investing early and strategically, China positions itself to influence the global technology landscape significantly.
These venture capital funds are also likely to attract international attention. Global investors, research institutions, and technology companies may find opportunities for collaboration or partnerships with Chinese startups benefiting from this new funding.
Conclusion: A Bold Step Toward Technological Leadership
The launch of three venture capital funds, each exceeding 50 billion yuan, marks a significant milestone in China’s push to support hard technology startups. By targeting early-stage companies in high-impact sectors like quantum technology, biomedicine, aerospace, and integrated circuits, China aims to foster innovation, strengthen its economy, and assert a leading role in global technology development.
This initiative is expected to create a robust ecosystem for technological innovation, providing both financial backing and strategic guidance to the next generation of pioneers. With a strong focus on hard technology, the country is clearly signaling its intent to be at the forefront of global innovation for years to come. Hard technology startups
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