China seeks semiconductor and AI self-reliance in ambitious new 5-year plan — Beijing also wants to increase domestic spending and reduce reliance on exports

The Chinese Communist Party is currently building its 15th five-year plan, which it intends to implement from 2026 to 2030, and state broadcaster CCTV has announced that it’s aiming to increase the country’s self-reliance and strength in science and technology. The proposal is focusing on “high-quality development” and the development of “new-quality productive forces” through technology, specifically for semiconductors and artificial intelligence, according to Bloomberg. This announcement…