China's Ambitious Economic Plan: Boosting High-End Manufacturing and Technological Self-Reliance

China's economic plan focuses on boosting high-end manufacturing and technological self-reliance through massive government-led investment. This includes applying science and technology to production, ensuring China has technological self-reliance, and becoming a manufacturing powerhouse. The plan aims to invest in cutting-edge technologies and invent new ones, like brain-computer interfaces. China is doubling down on manufacturing despite weak domestic demand and intends to replace critical technologies, invent new ones, and upgrade existing industries. The scale of ambition is immense, with an annual investment of approximately 1.6 trillion one, equivalent to 20% of all investment in China.