Home » China’s Communist Party will strengthen its role in steering the development of domestic technology – Bloomberg

China’s Communist Party will strengthen its role in steering the development of domestic technology – Bloomberg

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China’s Communist Party will strengthen its role in steering the development of domestic technology – Bloomberg

The Communist Party of China has announced that it will strengthen the party’s role in steering the science and technology industry and centralize policy-making authority. The aim is to get around U.S. trade restrictions targeting China’s high-tech sector.

The party will improve the system in which technology-related work is led by the central committee, state Central Television (CCTV) reported, citing a central government meeting presided over by General Secretary Xi Jinping.

Although the details of the plan were not disclosed in the report, the announcement suggests that China’s leadership is prioritizing areas it considers extremely important.

A year ago, Mr. Xi called for accelerating scientific research and replacing foreign technologies with domestic ones.instruct. This was part of a broader effort to end dependence on American technology and encourage domestic efforts and international cooperation.

U.S. export restrictions limit China’s access to cutting-edge semiconductors used in artificial intelligence (AI) training, such as those made by Nvidia.

China is currently strengthening the party’s role as a command tower in the battle for leadership with the United States in strategic technology fields such as semiconductors and AI.

Original title:China Vows to Centralize Tech Development Under Communist Party(excerpt)

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