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Beijing's Plan for Tech Sovereignty
Chinese President Xi Jinping revealed a new strategy aimed at strengthening China's advanced manufacturing sector, focusing on expanding its capacity and influence, as well as reinforcing control over vital industrial supply chains to ensure technological self-sufficiency. He emphasized that this strategy forms the foundation for transforming China into an unstoppable global industrial power by enhancing innovation capabilities and competitiveness in international markets. Currently, China is concentrating on key areas such as semiconductors, electric vehicles, and robotics, with the goal of reducing reliance on foreign technology. Additionally, Premier Li Qiang highlighted the importance of accelerating smart manufacturing based on digitalization and localizing advanced technologies to face global challenges and boost competitiveness, despite international concerns over its competition in the tech and green energy markets.
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