Overview
- The state-directed plan prioritizes semiconductors, artificial intelligence, robotics and biotechnology as core engines of growth.
- R&D spending is targeted to rise by more than 7% annually, and the digital economy’s share of GDP is slated to reach 12.5% by 2030 from about 10.5% now.
- The document also singles out very long-horizon bets including nuclear fusion, quantum technologies, space programs and brain–computer interfaces.
- Measures to bolster household consumption and improve living standards accompany the tech push to address an aging population and weak domestic demand.
- Economists and other observers warn that heavy state support could fuel new overcapacity and intensify global competition and trade tensions.