China's 'two sessions' focus on technology and economic strategies
President Xi Jinping urges China's scientific community to strengthen innovation, emphasizing basic research and key technologies. China faces challenges in funding and innovation, hoping for increased non-government investment.
The country plans to increase science and tech spending by 10% to boost economic transformation and counter Western constraints. Discussions during the 'two sessions' address concerns over falling behind in AI technology and the balance between national security and economic openness.
Beijing vows to stabilize the financial market and restore confidence, while emphasizing the importance of forward-looking AI research and regulation amidst global tech competition.
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