China Vows to Centralize Tech Development Under Communist Party - Bloomberg
China Vows to Centralize Tech Development Under Communist Party - Bloomberg
China Vows to Centralize Tech Development Under Communist Party
- Xi’s party will take more direct role in steering development
- Tech leadership is a major priority for China’s government
China’s ruling Communist Party vowed to enhance its role in steering its science and technology industries, centralizing decision-making power as the country navigates US trade curbs designed to limit its advancement.
The party will refine a mechanism whereby technological works are led by the Central Committee, according to state broadcaster CCTV citing a central government meeting led by President Xi Jinping. The news broadcast didn’t specify details of the plan, though the pronouncement marks an escalation of Beijing’s prioritization of a sector that China’s leaders consider of critical importance.
Related Knowledge Center: Climate diplomacy
Talks are well underway in preparation for the next major international meeting on climate change, 28th Conference of the Parties (COP28), scheduled to begin Nov. 30 in the United Arab Emirates.
Much like last year’s COP27, finances — specifically, aid to developing nations — will be at the center of conference deliberations.
The conference faces an even greater sense of urgency brought on by the Sept. 8, 2023, release of the first global stocktake, which calls for accelerated action to meet the goals set in the 2015 Paris Climate Agreement (COP21).
Climate diplomacy: COP 27 | Climate diplomacy: COP 28 | Climate diplomacy: COP 29