Skip to main content
You have permission to edit this article.
Edit
Chinese promise market opening amid technology push
AP

Chinese promise market opening amid technology push

  • Updated
  • 0
{{featured_button_text}}

BEIJING (AP) — China will promote “technological self-reliance” under the ruling Communist Party’s latest five-year plan but will open further to trade, officials said Friday.

The comments reflect growing official urgency about nurturing Chinese producers of processor chips and other technology at a time when a tariff war with Washington and U.S. export curbs have reduced access to components needed by China's fledgling tech industries.

“We will take scientific and technological self-reliance as a strategic support for national development,” Han Wenxiu, an adviser to President Xi Jinping, said at a news conference.

The ruling party leadership said Thursday that its Five-Year Plan will speed up China’s development as a “technology power." It gave no details of which industries might be targeted or what support they might receive.

The full plan is due to be released in March, followed by legal changes and plans for individual industries after that.

Previous Chinese plans that called for creating competitors in electric cars, telecoms, solar power and other industries triggered complaints Beijing might support them with improper market barriers or subsidies.

Han and other officials appeared to be trying to head off complaints. They promised Beijing will press ahead with market-oriented reforms including more opening to trade.

“No matter how the international situation changes, we will never waver in our basic national policy of opening up,” Han said. “China will provide countries around the world with larger markets and more opportunities.”

Copyright 2020 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.

0
0
0
0
0

Be the first to know

* I understand and agree that registration on or use of this site constitutes agreement to its user agreement and privacy policy.

Related to this story

Most Popular

  • Updated

HONG KONG (AP) — Singapore and Hong Kong on Saturday postponed the start of an air travel bubble meant to boost tourism for both cities, citing a spike in infections in the Chinese territory as a “sober reminder” of risks to public health.

  • Updated

SARAJEVO, Bosnia-Herzegovina (AP) — The European Union's foreign policy chief used the 25th anniversary of the peace agreement that ended the Bosnian War to urge Bosnia's political leaders to overcome their persistent ethnic divisions and prepare their nation to join the EU fold.

  • Updated

SUMATRA, Indonesia (AP) — With his hand clamped tightly over her mouth, she could not scream, the 16-year-old girl recalls – and no one was around to hear her anyway. She describes how her boss raped her amid the tall trees on an Indonesian palm oil plantation that feeds into some of the world’s best-known cosmetic brands. He then put an ax to her throat and warned her: Do not tell.

  • Updated

NAIROBI, Kenya (AP) — Ethiopia’s military is warning civilians in the besieged Tigray regional capital that there will be “no mercy” if they don’t “save themselves” before a final offensive to flush out defiant regional leaders — a threat that Human Rights Watch on Sunday said could violate international law.

Get up-to-the-minute news sent straight to your device.

Topics

News Alerts

Breaking News