China’s leaders exhorted industry heads to turn their attention to the country’s tech sector in the search for new drivers of economic growth, laying out priorities for the new year as the geopolitical landscape becomes more uncertain by the day.
The All-China Federation of Industry and Commerce – a semi-official business chamber – should guide those in the private sector to sustain their enthusiasm for entrepreneurship and enhance their confidence, Xi said.
On the same day, Premier Li Qiang spoke with a group from artificial intelligence and robotics among other sectors, emphasising their potential as future sources of economic growth. He also stated – in the presence of representatives from the banking industry – the country’s monetary policy should “create the necessary liquidity” to support the real economy.
Referring to the country reaching its 2024 gross domestic product growth target as a “hard-won” victory, Li said China continues to face challenges, especially from an increasingly fraught external environment.
Read More: China’s leaders put spotlight on tech self-reliance, private sector
