China rushing to self-reliance in technological sectors

Macro-economy , Weekly China is moving swiftly to determine potential weaknesses in dozens of technological sectors and draft a sweeping plan to address areas that are exposed to external risks, Chinese officials said, as the country aims to further bolster its rising technological prowess and counter a looming cut-throat race initiated by the U.S. over core technologies such as chips, software and raw materials that will determine the global power structure. Addressing the country's over-reliance on foreign supplies of critical components has already become a hot topic in the week when the annual sessions of the NPC and CPPCC started,…