What China’s latest economic plans say about its tech ambitions and rivalry with the US

By KEN MORITSUGU and CHAN HO-HIM

Two major economic plans unveiled at the annual meeting of China’s legislature outline top priorities that have different ramifications for the global economy.

In the government plan for 2026, the No. 1 task is “building a robust domestic market.” Then comes accelerating technological progress. But longer-term, a plan for the next five years gives more prominence to achieving advances in tech.

The subtle difference highlights the government’s balancing act. Its overarching goal is to transform from a low-cost manufacturing to a tech-driven economy…

READ FULL ARTICLE HERE… (apnews.com)

 

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