China Communist Party policy meeting endorses leader Xi’s high-tech vision for economy

Associated Press

BEIJING (AP) — China’s ruling Communist Party has ended a top-level meeting by endorsing policies aimed at building the country’s technological power and fortifying its national security. A statement released when the meeting ended provided only a broad-brush summary of any decisions. More details are likely to emerge days later. The meeting’s agenda focused on strategies for self-sufficient economic growth at a time when China faces tightening restrictions on access to Western advanced technology, such as leading-edge computer chips and artificial intelligence. Foreign investors and markets were watching to see what the party might do to counter the slump in China’s real estate sector and weak consumer confidence that has hindered China’s recovery from the COVID-19 pandemic.