BEIJING: China's National People's Congress on Thursday approved a new five-year plan for 2026-2030, which will see Beijing accelerate the development of key technologies including semiconductors and artificial intelligence (AI).
Adopted at the closing session of the annual meeting, the plan prioritises sectors such as robotics and biotechnology as part of China's push to strengthen its technological capabilities.
Five-year plans are considered the Chinese government's most important economic policy programmes and specify which industries are to receive particular support as well as the country's goals for the coming period.
Under the plan, spending on research and development will continue to expand by more than 7% annually. China also aims to increase the digital economy's share of economic output to 12.5% by 2030, up from its recent 10.5%.
The document highlights several longer-term strategic technologies, including nuclear fusion, quantum technologies, space travel and so-called brain-computer interfaces – which are intended to enable signals from the brain to be transmitted directly to machines or computers.
It also contains targets to boost consumption and improve quality of life in an attempt to respond to structural problems such as an ageing population and weaker domestic demand.
Beijing has been trying for years to reduce its dependence on foreign technology, not least amid export restrictions imposed by the United States. Competition between China and the US is growing in areas such as AI and semiconductors.
Observers see the programme primarily as a continuation of previous industrial policy, though some economists warn that strong government support could lead to new overcapacity which may intensify competition on global markets and fuel trade conflicts.
The National People's Congress is China's parliament and meets once a year in Beijing. The nearly 2,800 delegates are not freely elected and political decisions are usually considered to have been agreed upon in advance within the Communist Party. – dpa
