China's Strategic Shift: Technological Self-Reliance Amid Global Tensions

China's Communist Party aims to build a modern industrial system to enhance technological self-reliance, central to its rivalry with the U.S. The Party plans to boost domestic demand while ensuring economic growth amid structural challenges. Personnel shifts indicate ongoing reforms, notably in military contexts.

China's Communist Party is pushing to establish a modern industrial system, intensifying efforts towards technological self-reliance as it competes globally with the United States. The move comes as part of a broader strategy to fortify its economic position.

During a recent closed-door meeting, the Party's Central Committee highlighted its commitment to boosting domestic demand and enhancing citizen welfare. This statement comes amid ongoing efforts to balance the country's export-reliant economy which faces existing trade tensions with Washington.

Despite slowing economic growth, policymakers remain focused on advancing supply-side strategies. They emphasize developing high-tech manufacturing and scientific sectors as cornerstones of China's five-year development plan. Observers anticipate clearer policy directions following a significant personnel overhaul within the Party ranks.

(With inputs from agencies.)