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China to Pour More Money Into Chips, AI and 5G to Catch U.S.

  • R&D spending to rise compared with previous five-year plan
  • ‘Innovation remains at the heart of China’s modernization’: Li
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WATCH: What is China’s aiming for with its technology push?(Source: Quicktake)
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China pledged to boost spending and drive research into cutting-edge chips and artificial intelligence in its latest five-year targets, laying out a technological blueprint to vie for global influence with the U.S.