China will increase support for high-end manufacturing – #China #increase #support #highend #manufacturing
BEIJING, March 22 (Reuters) – China will strengthen policy guidance to support advanced manufacturing, Prime Minister Li Qiang was quoted as saying by state radio on Wednesday.
The world’s second largest economy is restricting access to Chinese semiconductors and artificial intelligence technologies national based on safety USAis under increasing pressure.
“As the situation at home and abroad has undergone complex and profound changes, the development of China’s manufacturing industry is facing an important stage, and efforts must be stepped up to strengthen the industry,” Li said.
China will create a market-oriented, legal and international business environment and strengthen policy guidance to support advanced manufacturing, Li said.
This month of parliament According to the government’s report during its annual meeting, the country’s science and technology policy should focus on increasing its strength and self-confidence.
According to state radio, Li visited the southern province of Hunan on March 21-22 to host a forum on the development of advanced manufacturing.
He also visited companies such as CRRC (601766.SS), BYD (002594.SZ) and Lens Technology (300433.SZ).
By Liangping Gao and Ryan Woo report; Edited by Toby Chopra and Mark Potter
Our standards: Thomson Reuters Trust Principles.
2023-03-22 19:01:55
Source – reuters
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