China seeks semiconductor and AI self-reliance in ambitious new 5-year plan — Beijing also wants to increase domestic spending and reduce reliance on exports

China is focusing on semiconductor and AI self-reliance in its upcoming 5-year plan to reduce vulnerability to external threats and increase domestic spending. The plan aims to boost high-quality development in technology sectors crucial for the country's future. Despite challenges like the U.S.-China trade war, China is looking to strengthen its tech industry and increase local demand for tech products. The plan also includes initiatives to improve financial security for the Chinese public, potentially boosting consumer spending on tech goods and services. The full details and spending commitments of the plan will be revealed at the annual legislative meeting next year.