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China’s 20th Party Congress
EconomyChina Economy

China prioritises hi-tech at ‘top of all economic policies’ as Xi Jinping refines 2035 development goals

  • President Xi Jinping laid out China’s overall development goals for 2035 in his speech on Sunday during the opening ceremony of the 20th party congress
  • The previous 2035 development vision was released together with the five-year plan for 2021-25 in March

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06:23

Xi Jinping charts China’s future course at 20th party congress

Xi Jinping charts China’s future course at 20th party congress
Frank Tangin Beijing

China has refined its development objectives for 2035, placing a greater emphasis on technological self-reliance, national security and rural development, highlighting that Beijing is “prioritising high technology at the top of all economic policies”, analysts said.

The delivery of the highly-anticipated work report by President Xi Jinping on Sunday during the opening ceremony of the 20th party congress came at a time when China is seen to be reassessing the international environment amid technological containment efforts from the United States and geopolitical conflicts, including the Russia-Ukraine war.

The report of the speech Xi delivered in Beijing said that China will look to “significantly increase economic strength, scientific and technological capabilities, and composite national strength; substantially grow the per capita [gross domestic product] to be on par with that of a mid-level developed nation”.

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The report added that China will also look to “join the ranks of the world’s most innovative countries, with great self-reliance and strength in science and technology”.

China is prioritising high technology at the top of all economic policies, echoing the technology war imposed by the US’s [Chips and Science Act]
Iris Pang

China’s 2035 development objectives are the first of a two-step goal of becoming a great modern socialist country.

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