China's New 5-Year Plan Emphasizes High-Tech and Domestic Demand Amid Trade Frictions

Reported about 10 hours ago

China's latest five-year plan aims to enhance technological self-reliance and boost domestic consumption as the nation navigates ongoing trade tensions. During a recent Politburo meeting, Chinese leaders emphasized the importance of maintaining manufacturing capabilities while addressing challenges such as a declining property market and sluggish consumer confidence. The plan outlines a vision for significant improvements in high-tech sectors and a commitment to strengthening China's position in global trade, despite the complexities introduced by international competition and market dynamics.

Source: YAHOO

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