China’s five-year plan sets goals for seven high-tech sectors, R&D spending

China on Friday issued a much-anticipated five-year plan that stakes out goals for development in seven high-tech sectors, outlines increases in research and development spending and emphasizes a need to attract foreign investment as part of its dual circulation strategy. Beijing’s goal is to “make science and technology self-reliant,” the plan says, according to an informal translation. Part of China’s plan revolves around attracting foreign investment. “Greater efforts will be made to attract and utilize foreign capital, and to promote...