China vows to build modern industries to win global race


Source: theglobeandmail.com theglobeandmail.com

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China’s top leaders pledged on Friday to build a modern industrial system and achieve key tech breakthroughs, in a bid win an international race to win the “strategic initiative,” amid tensions with the United States. China will prioritize the real economy, improve its industrial policies, and build world-class enterprises, state media quoted the Central Financial and Economic Affairs Commission, following a meeting chaired by President Xi Jinping. China will step up its drive to achieve core tech breakthroughs and “grasp the wave of new technological revolutions such as artificial intelligence,” state media quoted the commission as saying. “Accelerating the construction...