China Unveils Plan to Boost Economic Growth Through High-Tech Innovation and Upgraded Industries

China outlines plan to develop "new quality productive forces" - high-tech and emerging industries - to accelerate economic growth and offset recent slowdowns.

Strategy emphasizes domestic innovation in science, technology, and digital economy to make China self-reliant and attract foreign investment.

Expected to stimulate investment and consumption by upgrading traditional industries and fostering new ones like biomedicine and artificial intelligence.

China's large domestic market and expanding middle class offers tremendous growth potential as consumption increases.

Plan aims to benefit both China's development and global sustainable growth through high-standard opening up of China's economy.