Plenum meeting pushes for technology self-sufficiency and high-quality development in China

From Nikkei Asia: 2024-07-19 05:14:00

Hong Kong stocks dropped while Chinese stocks varied in response to the Communist Party’s push for technology self-sufficiency at a major policy meeting. President Xi Jinping’s Central Committee set forth “high-quality development” as a priority, with reforms slated for completion by China’s 80th anniversary in 2029.

The four-day third plenum saw the party accepting the resignation of Qin Gang, with a focus on achieving self-reliance in technology and emphasizing the need for high-quality development in China. The goal is to complete key reforms by 2029, signaling a long-term strategy for economic growth and innovation.



Read more at Nikkei Asia: China plenum met with falling Hong Kong stocks, mixed mainland shares