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China to focus on speeding up self-reliance in science and tech in new economic plan
- On Thursday, China's ruling Communist Party said it would speed up self-reliance in science and technology in a communique after a four-day meeting approving the 15th Five-Year Plan.
- Facing 'profound and complex' changes, the party said delegates to the party Central Committee flagged trade protectionism, technological barriers and geopolitical risks as external pressures shaping the plan.
- The draft pairs sector priorities with institutional reforms, noting semiconductors, artificial intelligence under the AI Plus initiative, quantum computing and aerospace, plus over 300 reform measures by 2029.
- Ministries, provinces and institutions across China are expected to submit detailed proposals aligned with the draft framework, as the plan seeks to boost domestic demand through demand policies targeting private investment and regional development.
- Observers say the initiative provides policy continuity and predictability, stressing development with security to secure supply chains and technological independence for international stability.
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Beijing decides the most important economic policy document in half a decade. Consequently, the conflict with the US has little prospect of relief. New challenges are also emerging in Germany.
·Germany
Read Full ArticleChina seeks self-reliance in science in next five-year plan
Beijing wants to double down on advanced semiconductor technologies, artificial intelligence and basic research. Beijing wants to double down on advanced semiconductor technologies, artificial intelligence and basic research.
·United Kingdom
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Total News Sources90
Leaning Left28Leaning Right12Center25Last UpdatedBias Distribution43% Left
Bias Distribution
- 43% of the sources lean Left
43% Left
L 43%
C 39%
R 18%
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