"China's leaders are vowing to reduce reliance on foreign advanced technology and spur stronger domestic demand as it weathers "high winds" amid elevated trade tensions with the U.S. An outline of the ruling Communist Party's blueprint for the next five years was laid out in a 5,000-word communique released Thursday after a four-day top level meeting in Beijing, just days ahead of planned talks between Chinese leader Xi Jinping and U.S. President Donald Trump."
"The communique does not refer directly to the trade war between Beijing and Washington, but warns of rising "uncertainties and unforeseen factors." Han Wenxiu, a senior party official in financial and economic policy, told reporters Friday that China is well placed to handle such risks in an era when great-power competition is becoming more complex and "the international balance of power is undergoing profound adjustments." He predicted China's strength and international status would grow in the next five years."
Chinese leaders pledge to reduce reliance on foreign advanced technology and stimulate stronger domestic demand as trade tensions with the U.S. intensify. Party leaders issued a 5,000-word communique after a four-day plenum outlining five-year priorities, funding directions, and policy emphases. China intends to remain a global manufacturing power while strengthening internal economic growth and resilience. The communique warns of rising uncertainties and unforeseen factors amid shifting international power balances. Senior officials assert China is well positioned to handle elevated strategic competition and predict growth in national strength and international status over five years.
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