China’s Xi vows to strengthen system that develops new tech

CHINA’S President Xi Jinping called for a stronger effort to pool nationwide resources to advance key technologies, as rising tensions with the US add urgency to the need to develop industries such as semiconductors.

The so-called “whole nation system” should improve its strategy and focus on areas critical to China’s industrial, economic and national security, state broadcaster Central China Television reported, citing a meeting on Tuesday (Sep 6) of a high-level Communist Party committee chaired by Xi.

“Competitive advantages should be achieved in certain sectors to win strategic initiative opportunities,” Xi was quoted as saying, urging the country to make use of its ability to “pool resources to get major undertakings done.”

Research of technologies that have first-mover advantage or can guide future development should be prioritised, CCTV reported. BLOOMBERG