China's Geopolitical Strategy: Betting on High Technology
The Communist Party of China is convening in Beijing to determine the direction of the country's economy for the next five years. Due to the current geopolitical situation, domestic consumption is expected to take a backseat.
Approximately 200 members of the Chinese Communist Party Central Committee are meeting from October 20th to 24th to discuss the next five-year plan, which will cover the period from 2026 to 2030 and is scheduled for official approval at the beginning of next year.
The five-year plans have a long history in China, dating back to the founding of the People's Republic of China, with the first plan in effect from 1953 to 1957.
Author's summary: China focuses on high tech as a geopolitical strategy.
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