US EditionChina pledges to strengthen supply chains, energy security as part of 'systemic response' to external shocks
The Politburo also called for faster AI adoption and tighter supply chains as China faces higher energy and raw materials costs, Xinhua said.
- On Tuesday, China's Politburo pledged to strengthen energy security and pursue technological self-reliance, emphasizing the need to accelerate construction of a modern industrial system amid external shocks from the US-Israeli war on Iran.
- China's economy grew 5.0 per cent in the first quarter, showing resilience despite energy and commodity shocks, yet leadership signaled that systematic responses to external challenges remain necessary to maintain momentum.
- Shipments grew just 2.5 per cent in March, slowing sharply from 21.8 per cent in the January-February period, while factory gate prices rose out of deflation for the first time in more than three years.
- The Politburo reiterated a "proactive" fiscal stance and "appropriately loose" monetary policy, suggesting no imminent stimulus, while Zhiwei Zhang, chief economist at Pinpoint Asset Management, said the readout "shows that the government is aware of the difficulties and challenges the economy faces."
- Beijing prioritizes "high-quality development" to move higher on the value-added ladder through scientific and technological progress, aiming to counter various uncertainties with industrial dominance and supply-chain control.
16 Articles
16 Articles
As Iran war fallout spreads, China doubles down on energy security and tech dominance
China’s leadership has pledged to enhance energy security while focusing on rapid technological development and self-sufficiency, especially as the U. S.-Israeli conflict affects the economy. The economy grew by 5.0% in the first quarter, meeting the targeted range of 4.5% to 5.0%, indicating resilience due to ample oil reserves and a diverse energy mix. However, […] The post As Iran war fallout spreads, China doubles down on energy security and…
China pledges self-reliance, energy independence
Top Chinese leaders pledged to accelerate the country’s self-reliance and energy independence in the wake of the Iran war. The announcement, following this month’s meeting of the Politburo of the Communist Party, prioritized the “construction of water, power, and computing infrastructure,” the South China Morning Post said. Beijing has been somewhat insulated from the conflict’s fallout thanks to its oil stockpile and aggressive push for renewab…
Xi Jinping Presides Over Politburo Meeting Amid Iran War: Systematic Response to External Shocks. Amid growing uncertainty in the global energy and trade sectors due to the war with Iran, Chinese President Xi Jinping stated that it is necessary to respond systematically to external shocks and challenges and to enhance the level of security guarantees for energy resources. On the 28th, Chinese state-run...
Malay Mail
MalaysiajournalChina’s Politburo hones in on energy security and tech self-reliance amid Iran war
BEIJING, April 28 — China’s top leadership on Tuesday pledged to strengthen the country’s energy security while pursuing rapid technological development and greater self-sufficiency, as the economy is beginning to be affected by the US-Israeli war on Iran.The world’s second-largest economy grew 5.0 per cent in the first quarter, at the top of its full-year target range of 4.5 per cent to 5.0 per cent, showing higher resilience than many other…
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