Modern Industrial System a Priority - Central Committee

China will prioritise the development of a modern industrial system to become a modern country, the 20th Central Committee of Finance and Economics recently said. The government will focus on the real economy, nurturing entrepreneurs and supporting new technologies. An expert said the meeting highlighted the importance of manufacturing and securing industrial supply chains, as China navigates geo-political tensions. Another expert expected fiscal, monetary and industrial policy will support advanced manufacturing industries through tax reductions, and beneficial loan terms. (Source: Yicai)