China will boost investment in strategic industries - state planner

China will accelerate development of new materials to ensure stable supply chains for aircraft, microelectronic manufacturing and deep-sea mining sectors

  
A general view of the skyline of Pudongs Lujiazui Financial District on April 16, 2010 in Shanghai, China. The Shanghai World Expo will be held from May 1 to October 31 and is expected to attract 70 million visitors. Image used for illustrative purpose.

A general view of the skyline of Pudongs Lujiazui Financial District on April 16, 2010 in Shanghai, China. The Shanghai World Expo will be held from May 1 to October 31 and is expected to attract 70 million visitors. Image used for illustrative purpose.

Getty Images/Feng Li

BEIJING - China said on Wednesday it will boost investment in strategic industries including core tech sectors such as 5G, artificial intelligence and chips.

China will accelerate development of new materials to ensure stable supply chains for aircraft, microelectronic manufacturing and deep-sea mining sectors, the National Development and Reform Commission (NDRC) said.

China will also speed development of vaccine innovation, diagnostic, testing reagents and antibody drugs, the NDRC said.

(Reporting By Ryan Woo and Lusha Zhang Editing by Shri Navaratnam) ((Gao.Liangping@thomsonreuters.com;))

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