China's ruling Communist Party will wrap up a top-level meeting on Thursday that is expected to endorse policies aimed at building the country's technological power and fortifying its national security.
A women looks at her phone while walking in front of a billboard showing a picture of the Forbidden City at a subway station in Beijing, China, Tuesday, July 16, 2024, 2024. on Thursday that is expected to endorse policies aimed at building the country’s technological prowess and fortifying its national security.
Recent reports in state media and earlier government policy statements suggest Beijing will continue to prioritize investing in technologies and encouraging companies to upgrade their equipment and knowhow in line with leader Xi Jinping's call for “high-quality development.” It said the meetings would “draw a blueprint for reform on all fronts,” aiming to improve China’s governance and to “resolve deep-seated institutional challenges and structural issues, so as to promote high-quality development and advance Chinese modernization.”
“This is opposite to earlier promises and pledged reforms of further opening up of the economy and pro-market policies,” Teeuwe Mevissen, a senior strategist at Rabobank, said in a report.
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