China’s 15th Five-Year Plan Technology Targets Are Ambitious. The Implementation Mechanisms Are What Matter
China’s 15th Five-Year Plan, formally approved on March 12, sets technology targets that include raising R&D spending growth to at least 7% annually, expanding the core digital economy to 12.5% of GDP by 2030, and building self-sufficient capacity in AI, quantum computing, biomanufacturing, aerospace, and new energy. These headline targets are ambitious but not surprising:…