China's President Xi pledges more support for technology firms


  • TECH
  • Tuesday, 31 May 2016

China's President Xi Jinping (L) and Togo's President Faure Gnassingbe arrive for a signing ceremony at the Great Hall of the People in Beijing, China, May 30, 2016. REUTERS/Jason Lee

BEIJING: China's President Xi Jinping has vowed to increase government support for technology companies, state media reported, in an attempt to raise the country's competitiveness that could also further fuel concerns over protectionism. 

Beijing has put forward so-called Internet Plus and Made in China 2025 strategies, which aim to make Chinese firms world technology leaders and call for progressive increases in domestic components in priority industries such as robotics and aerospace equipment. 

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