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Sharper focus on science and tech innovation tops China’s economic priorities
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China intends to ramp up support for its own high-tech industries and to accelerate its transition to becoming a self-reliant superpower.
PHOTO: BLOOMBERG
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BEIJING – China plans to develop its high-tech industries in 2024 to accelerate its transition to becoming a self-reliant superpower, in the face of technology curbs imposed by the United States and Europe.
This will likely come in the form of funding research and development, easing access to capital, and cultivating innovative and high-potential small companies in fields including aerospace, renewable energy and semiconductors.
