The Communist Party of China is preparing a new five-year economic development plan. This was reported by Zamin.uz.
In this plan, the development of manufacturing and technologies is identified as the main direction. The government aims to strengthen its position in competition with the United States by boosting industry.
According to experts, China's economy remains largely dependent on manufacturing, which hinders the increase in the population's purchasing power. As a result, the economic growth rate is slowing down.
The new plan pays special attention to artificial intelligence, electric vehicles, and energy sectors. At the same time, measures to increase domestic consumption are not sufficiently provided.
The Chinese government is expanding social assistance to improve the population's living standards, but these changes do not fully resolve the main problems in the economy. Thus, balance and strengthening the domestic market are of great importance in the country's economic development.
