00:00China's top leadership pledges to strengthen energy security and boost economic self-sufficiency
00:05by advancing technology and tightening control over critical supply chains.
00:10The Politburo of the Communist Party of China says the country will respond systematically
00:15to external shocks while improving the reliability of its energy resource systems.
00:22Officials say that ongoing uncertainties will be addressed through steady progress
00:27in what China defines as high-quality economic development across key industrial sectors.
00:33This approach focuses on strengthening scientific and technological capabilities
00:38so the country can move further up the value-added production chain.
00:42China's economy expanded by 5% in the first quarter,
00:46placing growth at the upper end of the government's full-year target range.
00:51Analysts say large oil reserves, continued reliance on coal
00:54and rapid adoption of renewable energy have helped reinforce the country's overall energy resilience.
01:01Despite these strengths, China remains exposed to broader economic risk
01:05linked to global instability and ongoing geopolitical tensions.
01:09Rising energy and raw material costs are expected to increase production expenses
01:15and place added pressure on already narrow profit margins in the manufacturing sector.
Comments