China to step up tech, energy and decarbonisation efforts in next 5-year plan

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China's next five-year plan will prioritize technological innovation, economic security, public well-being, and carbon reduction to achieve its 2035 goal of doubling per capita GDP from 2020. Premier Li Qiang outlined the plan, which includes 20 growth targets across the economy, technology, healthcare, and economic security, similar to the previous plan. The 15th five-year plan includes proposals for 109 major projects, an increase from the previous plan, focusing on technology, modern industries, and public well-being. While a specific five-year GDP growth target was not set, the 2024 target is 4.5 per cent to 5 per cent, with emphasis on improving economic structure and efficiency. The plan aims to modernize the industrial system and achieve self-reliance in science and technology through innovation and breakthroughs in key fields.
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