China doubles down on state-led tech (opens in new tab)

China’s latest Five-Year Plan doubles down on state-led investment in high-tech sectors, strengthening national power while sidelining structural reform and consumption-led growth. The 15th Five-Year Plan approved by the National People’s Congress on 12 March embeds President Xi Jinping’s vision for the nation’s future development based on the securitisation of the economy, with high-tech development […]