期待已久的中國政策更新並未出現重大轉變 (1/2)

Recently Yahoo News on-line reported the following:

Long-awaited Chinese policy update presents no major shift (1/2)

Reuters

Updated Sun, July 21, 2024 at 5:52 a.m. PDT·4 min read

BEIJING (Reuters) -China released a policy document on Sunday, outlining known ambitions, from developing advanced industries to improving the business environment, with analysts spotting no sign of imminent structural shifts in the world's second biggest economy.

The 60-point document's publication follows the closed-doors meeting of the Communist Party's Central Committee, led by President Xi Jinping, which takes place roughly every five years, and is known as a plenum.

It was held from July 15-18 as China verges on deflation and faces a prolonged property crisis, surging debt and weak consumer and business sentiment. Trade tensions are also flaring, as global leaders grow increasingly wary of China's export dominance.

These challenges have led some economists to urge Beijing to shift focus to boosting consumer demand and away from a debt-fuelled, investment-led model that funnels resources into manufacturing and infrastructure at the expense of households.

China's long-term growth potential is at stake, these economists say.

But the plenum reasserted China's quest for "new productive forces", a term Xi coined last year that envisions scientific research and technological upgrades of the country's sprawling industrial complex.

It set out to "promote revolutionary breakthroughs in technology, innovative allocation of production factors, and in-depth industrial transformation and upgrading," the policy document said.

It listed as strategic industries "new generation information technology, artificial intelligence, aviation and aerospace, new energy, new materials, high-end equipment, biomedicine, and quantum technology".

"The overall industrial system is large but not strong, comprehensive but not refined, key and core technologies are controlled by others," state media quoted Xi as telling the plenum.

The plenum was initially expected late last year, but was postponed without explanation.

(to be continued)

Translation

北京（路透社） - 中國週日發布了一份政策文件，概述了從發展先進產業到改善營商環境等已知的雄心，分析師沒有發現這世界第二大經濟體即將發生結構性轉變的跡象。

這份包含 60 點內容的文件是在習近平主席領導的中共中央委員會閉門會議之後發布的，該會議大約每五年舉行一次，被稱為「全體會議」。

這次會議於 7 月 15 日至 18 日舉行，正當中國正瀕臨通貨緊縮，並面臨長期的房地產危機、債務激增, 以及消費者和企業信心疲軟。隨著全球領導人對中國的出口主導地位越來越警惕，貿易緊張局勢也加劇。

這些挑戰促使一些經濟學家敦促北京將重點轉向提振消費需求，放棄以債務驅動、投資主導的模式，這種模式以犧牲家庭利益為代價，將資源投入製造業和基礎設施。

這些經濟學家表示，中國的長期成長潛力受到威脅。

但這次全會重申了中國對「新生產力」的追求，這是習近平去年創造的術語，是對中國龐大的工業園區進行科學研究和技術升級的設想。

該政策文件稱，其目的是「推動技術革命性突破、生產要素創新配置、產業深度轉型升級」。

將「新一代資訊科技、人工智能、航空航太、新能源、新材料、高端裝備、生物醫藥、量子技術」列為戰略產業。

官方媒體引述習近平在全會上的演講稱，「整個產業體系大而不強、綜合而不精、關鍵核心技術受制於人」。

全會最初預計於去年年底舉行，但在沒有任何解釋的情況下被推遲。

（待續）