00:00In an outline of China's blueprint for the next five years,
00:04Chinese officials have vowed to reduce reliance on foreign advanced technology
00:08and boost domestic production amid heightened trade tensions with the U.S.
00:13The news came after officials in the ruling Chinese Communist Party
00:17concluded four days of high-level talks in Beijing and released plans for the next five years.
00:22The 5,000-word communique was released on Thursday just days ahead of planned talks
00:27between Chinese President Xi Jinping and his U.S. counterpart Donald Trump.
00:32The new plans feature no major policy shifts for Beijing,
00:35despite ongoing global trade instabilities.
00:38The country instead looks to remain a global manufacturing powerhouse
00:42and continue to sustain economic growth.
00:45Five-year plans are a Soviet-style central planning method,
00:48which China still relies on heavily, to map out priorities and sort funding.
00:53These plenum meetings are also used as a way to rally the party's top members
00:57around President Xi's leadership.
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