The Chinese National Assembly announces a comprehensive plan to upgrade production capacity with 8 priority areas to increase global competitiveness.

"We have to keep the production proportion stable in the economy in general and improve China's competitive advantage in these areas," the Chinese government said in the plan 5 years long 142 pages

This plan focuses on 8 areas including rare earth and special materials, robots, aircraft engines, new energy vehicles and smart cars, medical equipment and medical inventions such as vaccines, machines

China emphasized on advanced production in the 14th 5-year plan, which raised the development and economic goals in the period 2021-2025, reflecting the determination of the government in pursuit of conversion

This helps to offset the increasing production costs, strengthen China's national position in the global supply chain, while reducing depends on foreign technology and improving the ability to compete with the United States.

China announced a new production strategy in the context of US Senate is considered to be considering a new bill with a $ 30 billion support package to improve the ability to compete with China.

In the new 5-year plan, China aims to overcome weak stages in the main areas, software, materials and basic systems.

The plan said China will develop the industry value chain "more creative, safer with higher added value", helping to improve competitiveness in "high-speed rail, electrical equipment,

Production accounted for 33% of China's total domestic product (GDP) in the first half of 2020, considered a backbone of the industrial economy.

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The draft plan of the 5-year expectation "Young Industries" will significantly increase the economic value and account for 17% of the country's GDP in the period 2021-2025.

The Chinese National Assembly opened the meeting on March 5.