Xi Jinping pushes China to self-reliance amidst sanctions

Business & TechNewsWORLD
Xi Jinping pushes China to self-reliance amidst sanctions

China’s leader, Xi Jinping, emphasized the need for accelerated development in science and technology to ensure greater self-reliance for China.

This was during an annual political meeting. Beijing has been facing increasing isolation due to sanctions and trade concerns from foreign governments.

China
Xi Jinping emphasized the need for accelerated development in science and technology

-Xi Jinping’s global plan-

While China’s technological progress faces global competition and foreign constraints.

Nevertheless, Beijing’s internal crackdowns and control of tech growth have also hindered progress.

In a speech delivered at a closed-door session of the National People’s Congress (NPC), Xi Jinping shared his vision for China.

China and Beijing's internal crackdowns and control of tech growth have also hindered progress
Beijing’s internal crackdowns and control of tech growth have also hindered progress

Consequently, he pushed for the need to achieve “high-quality development” and transform China into “a great modern socialist country”

Nevertheless, Xi Jinping highlighted that fit, required enhanced self-reliance and strength in the field of science and technology.

-The annual general meeting-

According to a state media report, Xi stressed that China should ultimately depend on scientific and technological innovation.

Xi Jinping called for increased collaboration between Chinese industries, and research institutes to support original and pioneering research.

The annual political meeting of China’s parliament, known for its rubber-stamping function, commenced on Sunday.

Consequently, the meeting will continue for the next week. This meeting, held behind closed doors, aligns with the annual gathering of the Chinese Communist Party’s advisory body.

China
Xi Jinping called for increased collaboration between Chinese industries, and research institutes

-China unveils counter-plan-

In addition, the meeting known as the “two sessions,” has reinforced China’s commitment to prioritizing self-sustainability.

Consequently, this is particularly in light of concerns about US restrictions on Chinese access to semiconductor and AI technology.

However, on national security grounds, the global actors have led to sanctions

Beijing’s commitment to prioritizing self-sustainability.

-Sanctions against China-

Nevertheless, Chinese companies and officials have been sanctioned despite sanctions on China.

This has primarily been due to issues such as the Hong Kong and Xinjiang crackdowns, and perceived support for Russia in the Ukraine conflict.
Beijing has strongly opposed the use of sanctions as it stifles the growth of healthy competition.

Beijing has strongly opposed the use of sanctions as it stifles the growth of healthy competition.

-Xi Jinping’s “the two must-haves,”-

On Monday, Chinese state media reported a potential new political slogan, “the two must-haves,”

The slogan includes manufacturing and a reliable grain and food supply that isn’t vulnerable to international markets.

The draft budget figures announced on Sunday revealed a more than 13% increase in funding for the national stockpiling of grain and other essential items.

China
Beijing’s slogan includes manufacturing and a reliable grain and food supply that isn’t vulnerable to international markets

-Xi Jinping’s mistake-

However, China’s tech industry has been the target of a broad government crackdown in recent years.

Coincidentally, the CCP sought to assert more control over the increasingly independent sector and influential figures.

Such figures are Alibaba’s founder Jack Ma, and Dr. Ilaria Carrozza, a senior researcher at the Peace Research Institute Oslo.

it is previously noted that while the crackdown might have eased or been paused, it shouldn’t be assumed that companies will grow.

Related Posts

See all >>

Latest Posts

See all >>