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China unveils its tech-fueled plans for the economy. Apple tumbles after iPhone sales miss. And Hong Kong shows signs of emerging from recession.

China promised to become a technological powerhouse, emphasizing quality growth over speed as it unveiled the first glimpses of its economic plans for the next five years. Initial details released by the Communist Party’s Central Committee Thursday pledged to develop a robust domestic market and elevated China’s self-reliance in technology into a national strategic pillar. Central to that endeavor is self-reliance in chips, the building blocks for innovations from artificial intelligence to fifth-generation networking and autonomous vehicles. The communique didn’t specify the pace of growth policy makers would target. It comes just as the U.S.-China conflict over chips is about to get uglier. It's no wonder Chinese investors now see the Sino-American feud continuing beyond the election.