China has pledged to harness the entire nation¡¯s resources to speed homegrown scientific breakthroughs, reaffirming a central priority to become self-reliant in spheres from AI to chipmaking to wrest technological supremacy from the U.S.
Beijing hammered home a longstanding goal to break an American stranglehold on key spheres, according to government work reports submitted to the nation¡¯s legislature on Tuesday. The central government will increase spending on scientific and technology research by 10% to 370.8 billion yuan ($51.5 billion) in 2024, promote national champions and grant enterprises a central role in spearheading advances, according to the documents, which are closely scrutinized for clues to Chinese President Xi Jinping¡¯s thinking.
¡°We will fully leverage the strengths of the new system for mobilizing resources nationwide to raise China¡¯s capacity for innovation across the board,¡± according to the report, delivered by Premier Li Qiang to lawmakers Tuesday in Beijing. ¡°We will pool our country¡¯s strategic scientific and technological strength and non-governmental innovation resources to make breakthroughs in core technologies in key fields and step up research on disruptive and frontier technologies.¡±
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