China faces ‘profound’ changes, vows ‘rapid’ development in five-year plan
Summary
China's Communist Party plans to boost its self-reliance in science and technology as part of its new five-year plan. This plan aims to tackle global changes and increase economic growth while focusing on national security. President Trump and China's leader, Xi Jinping, will soon meet to discuss trade issues, including tensions over rare earths.Key Facts
- China wants to become more independent in science and technology.
- The plan is for the next five years and aims for rapid economic growth.
- The plan also focuses on strengthening national security.
- China will try to reduce its dependence on exports and increase domestic demand.
- There are high tensions between China and the US over trade, including rare earths.
- The US has restricted China's access to high-tech items like semiconductors.
- President Trump and Xi Jinping will meet at an economic summit soon.
- China controls most of the global supply of rare earths, important for tech and defense industries.
Read the Full Article
This is a fact-based summary from The Actual News. Click below to read the complete story directly from the original source.