The National Development and Reform Commission of China (NDRC) today revealed that the NDRC will stimulate investment in strategic industries. This includes major technology industries such as 5G, artificial intelligence (AI) and chips.
The NDRC said that China will accelerate the development of new types of materials. To build confidence that The supply chain will be stable to support aircraft, microelectronics. And deep sea mining
China will also accelerate the development of innovative vaccines, diagnostics, and reagent testing. And pharmaceuticals in the antibody group
The announcement of China's industrial investment stimulus plan comes at a time of strong industrial growth. The Chinese National Bureau of Statistics (NBS) reported that industrial production, a key economic indicator, rose 5.6 percent in August year-on-year. That was a rapid expansion after a 4.8 percent gain in July and stronger than analysts had predicted an August industrial production increase of 5.1 percent.
The NBS report indicated that China's industrial production continued to recover. Driven by various factories Started to resume production again After China can control the spread of COVID-19.
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