China's Economic Plans Reveal Tech Ambitions, US Rivalry, Domestic Focus
CCNBC TV18•09-03-2026, 13:26
China's Economic Plans Reveal Tech Ambitions, US Rivalry, Domestic Focus
- •China's new economic plans prioritize building a robust domestic market and accelerating technological progress.
- •The long-term five-year plan emphasizes achieving tech advances, aiming to transform into a tech-driven economy.
- •Key focus on self-sufficiency in advanced tech like AI, semiconductors, and new energy, driven by US restrictions.
- •President Xi Jinping calls for "original innovation" and "seizing the strategic high ground of science and technology."
- •Plans also aim to expand domestic demand to reduce reliance on exports, setting a 4.5-5% growth target for 2026.
