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China’s President boost efforts to become technologically self-reliant

Chinese President Xi Jinping has announced to accelerate efforts to become technologically self-reliant.

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Chinese President Xi Jinping has announced to accelerate efforts to become technologically self-reliant.

Self-reliant and sci-tech China would help in building strategic support for the country.

“Sci-tech self-reliance and self-strengthening should always be considered a strategic support for national development,” CCTV reported Xi as saying. Xi’s remarks, made over the weekend to the Chinese Academy of Sciences and the Chinese Academy of Engineering, come months after the government pledged it would invest heavily in major national scientific and technological projects to become technologically self-reliant as part of its 14th five-year plan.

China had been facing immense pressure from the west as it excels in technological advancement, specifically in the deployment of 5G service. In the US, companies — both domestic and foreign – are prohibited from purchasing Huawei technology and selling goods that contain certain US technology to Huawei unless they receive licensing approval.

As a result of these bans and sanctions, Huawei’s revenues outside of China all dipped in 2020, with the declines ranging from 8.7% to almost 25% when compared to the year prior. Due to all the sanctions and competition faced by china, the country is now accelerating to become a tech giant.

Despite foreign pressure, China late last year announced its aspirations to become a global leader in innovation by 2035. 

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