China unveils ‘strategic emerging industries’ plan in fresh push to get away from US technologies | WHAT REALLY HAPPENED

China unveils ‘strategic emerging industries’ plan in fresh push to get away from US technologies

Beijing has released an ambitious plan to boost the development of “strategic emerging industries”, from the buildout of 5G mobile networks to industrial robotics, in the latest move to counter Washington’s expanding technological embargo while elevating the national economy.

In a joint circular released on Wednesday by the National Development and Reform Commission (NDRC); the Ministry of Science and Technology; the Ministry of Industry and Information Technology; and the Ministry of Finance, the country vows to build a complete strategic industrial system via state planning and state investments.

Tags:

Comments

SHARE THIS ARTICLE WITH YOUR SOCIAL MEDIA