CNBC March 5, 2021
Key Points
– China is looking to boost research into what it calls “frontier technology” as it competes with the U.S. for supremacy in the latest innovations.
– In its 14th five-year plan, China laid out seven technology areas it will focus research on including artificial intelligence, quantum computing, semiconductors and space.
– Premier Li Keqiang said on Friday that China would increase research and development spending by more than 7% per year between 2021 and 2025, in pursuit of “major breakthroughs” in technology.
GUANGZHOU, China — China is looking to boost research into what it calls “frontier technology” including quantum computing and semiconductors, as it competes with the U.S. for supremacy in the latest innovations.
In its five-year development...