China's latest emphasis on speeding up the construction of a modern industrial system backed by the real economy will help the country gain a competitive edge in strategically important fields and lay a solid foundation for long-term economic growth amid headwinds and external uncertainties, experts and business executives said.
U S to have limited impact on NEV and home appliance firms shanghaiist.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from shanghaiist.com Daily Mail and Mail on Sunday newspapers.
Washington's reported plan to take unprecedented action limiting US investments in China's technology sector will only have a narrow impact on Chinese home appliance and new energy vehicle companies, which are doubling down on homegrown innovation and ramping up efforts to achieve breakthroughs in key technologies, experts said.
China's emphasis on developing advanced manufacturing is expected to enhance the resilience of its industrial and supply chains, boost the country's core competitiveness globally, and lay a solid foundation for long-term economic growth, said experts and business executives.
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