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Innovation plus livelihoods – the twin tracks of China’s 5-year plan | South China Morning Post
China’s new five-year plan targets both industrial innovation and “people-oriented” livelihoods for all, according to officials with the country’s top economic planner.
“The draft outline of the plan … focuses on consolidating and expanding strengths, removing bottlenecks and constraints, and addressing weaknesses and shortcomings,” Zheng Bei, deputy director of the National Development and Reform Commission (NDRC), said in Beijing on the sidelines of the “two sessions” on Saturday.
The draft of the new economic blueprint – covering the period to 2030 – was released on Thursday, and in it Beijing vowed to “significantly enhance” the country’s ability to innovate, as well as have a “marked increase in fields where China is keeping pace with or leading the world”.
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The draft is being reviewed by the National People’s Congress, the country’s top legislature, and is expected to be endorsed when the annual session closes on March 12.
The push for technological supremacy and self-reliance has been motivated in large part by US attempts to contain China’s hi-tech development, particularly in key sectors such as advanced semiconductors.
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To reach these goals, Beijing aimed to implement a tiered development strategy for technology over the next five years, said Bai Jingyu, director of the NDRC’s innovation and hi-tech development department.