China should be able to do it all on its own in about five years
- China aims to achieve technological and industrial self-reliance within five years, according to its new five-year plan.
- Companies like Philips are struggling with declining sales: local competitors are winning tenders for hospital equipment, for example.
- The five-year plan, which begins in 2026, focuses on stimulating domestic consumption in addition to technological progress.
Chinese President Xi Xi wants his country to be technologically and industrially self-sufficient within five years without foreign aid. This is stated in a preliminary draft of the new five-year plan. But that trend has already begun, and foreign companies operating in the country are footing the bill.
fd.nl
