What to know about China’s 5-year plan to achieve tech self-reliance

China's leaders are focusing on strengthening domestic demand and reducing reliance on foreign technology amid trade tensions with the U.S., as outlined in a recent Communist Party communique. This five-year plan, a continuation of Soviet-style central planning, aims to guide policy priorities and allocate funding. Despite external pressures, China intends to remain a global manufacturing powerhouse while fostering stronger economic growth at home. The communique acknowledges uncertainties but expresses confidence in China's ability to navigate challenges and enhance its international standing, predicting growth and influence. A key aspect is achieving technological self-reliance, likely stemming from confidence in weathering the trade war. The plan emphasizes expanding domestic demand, with the government encouraging investment and offering subsidies. However, challenges remain, including a downturn in the property sector and sluggish domestic demand, leading to slower economic growth. China aims to maintain a strong manufacturing sector, focusing on advanced industries and high-value products. This includes investing in emerging technologies like AI and quantum computing. The government sees manufacturing as crucial for security and geopolitical leverage. Xi Jinping continues to consolidate power, with the meeting marked by low attendance and anti-corruption campaigns enforcing loyalty.