LONDON (Reuters) - China's push to achieve technological self-reliance and become carbon neutral could see its economic growth halve to an average of 3% over the next decade, credit rating agency S&P Global said on Monday.
China flagged its aim to become technologically independent and achieve major breakthroughs in core technologies by 2035 on Thursday in a communique of the fifth plenary meeting of the Chinese Communist Party's central committee.
It ensures the goal will be at the heart of the five-year plan for 2021-2025 to be issued next March, and along with an earlier commitment to become carbon neutral by 2060, "will be felt globally" S&P said in a new report.
"If China succeeds in pursuing these strategies, the global economy will undergo a fundamental realignment, starting now".
For China itself "the price ...
Read More on Datafloq
No comments:
Post a Comment