will increase R&D spending by about 10 percentage points; The strategic conflict between China and the United States in the field of science and technology has intensified. 
According to the ** work report submitted to the national legislature on Tuesday, Beijing is firm in its long-term goal of breaking US control in key areas. China pledged to use its nation's resources to accelerate homegrown scientific breakthroughs, reaffirming its core priority of self-reliance in areas ranging from artificial intelligence to chip manufacturing to regain technological superiority from the United States. According to a work report submitted to the national legislature on Tuesday, China reaffirmed its long-term goal of breaking U.S. monopolies in key areas. According to the documents, it will increase spending on science and technology research by 10% to 370.8 billion yuan ($51.5 billion) in 2024, boost the generation of national champions, and give companies a central role in leading scientific and technological progress. 
**Premier Li Qiang's report to lawmakers in Beijing on Tuesday said: "We will give full play to the advantages of the new system, mobilize national resources, and comprehensively enhance China's innovation capacity." We will concentrate national strategic scientific and technological forces and non-governmental innovation resources, make breakthroughs in core technologies in key fields, and strengthen research on disruptive frontier technologies. China will have to face a number of challenges this year, including how to deal with the U.S. freeze on its progress in technologies deemed critical to China's future, such as chips and artificial intelligence. China's semiconductor industry faces growing headwinds, as local chipmakers struggle to get the equipment they need to climb the technology ladder, and developers don't have access to advanced Nvidia chips that have become the standard for training and hosting ChatGPT-like AI-generated platforms. China will step up efforts in quantum computing and artificial intelligence to achieve technological self-sufficiencyChina will step up efforts in quantum computing and artificial intelligence to achieve technological self-sufficiencyChina's economic growth target for 2024 is about 5%, the same as last year. China has expanded state control over key strategic areas, from semiconductor manufacturing to quantum computing. Now the so-called is launched"The power of the whole country"to promote scientific and technological progress, mainly to coordinate resources across the country and break the monopoly of the United States in the field of key technologies. According to the report, last year, the country spent 33 trillion yuan, accounting for about 26%。Against this backdrop, China has backed the efforts of homegrown leaders such as Huawei Technologies, which last year shocked the United States by designing and manufacturing chips more advanced than Washington could have imagined. China** continues to support the rise of local technology leaders such as SMIC through subsidies and policies. See also: Gao Yuan, Zheng Xi March 5, 2024 Bloomberg put away
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