"To firm up the foundations of the real economy, we must modernize the industrial system with advanced manufacturing as its backbone, to achieve greater self-reliance and strength in science and technology, we must deliver advances in original innovation and breakthroughs in core technologies in key fields."
"The Chinese government said it wanted the digital economy to account for 12.5% of gross domestic product by 2030, a significant increase on the 10.5% share reported last year."
China has announced comprehensive plans to strengthen its technological competitiveness against the United States through increased start-up funding and industrial modernization. The government targets expanding the digital economy from 10.5% to 12.5% of GDP by 2030. Premier Li Qiang emphasized the need to modernize the industrial system with advanced manufacturing as its foundation and achieve greater self-reliance in science and technology through original innovation and breakthroughs in core technologies. Priority growth sectors include next-generation energy, quantum technology, embodied AI, brain-computer interfaces, and sixth-generation telecommunications.
#china-technology-competition #digital-economy-growth #start-up-funding #emerging-technologies #us-china-tech-rivalry
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