US-China tech war: Beijing draws up three-year plan to revamp state technology system

Nov 25, 2021 | INVESTING

China’s top leadership has approved a three-year plan to revamp its state science and technology system amid intensifying rivalry with the United States, zeroing in on technology as the key to the country’s future.The Central Comprehensively Deepening Reforms Commission, an agency headed by President Xi Jinping, approved on Wednesday the 2021-2023 blueprint, aimed at “winning the tough battle” of refining how China manages its science and technology resources and projects.Xi said at the meeting…

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