06/06/2026
In light of persistent US restrictions on tech exports, Beijing’s push to boost home-grown technology development is by now firmly ingrained in its industrial policy. At present, China is devoting 2.8% of GDP* to R&D** annually, almost the same rate as the US, as it seeks to become technologically self-sufficiency. In practice, that means investing in semiconductors, robotics, AI, battery technology, and advanced manufacturing, among others.
Listen to Chi Lo describe China’s “state-organised, but not state-led” national policy for technological self-reliance, and what this means for investors: https://viewpoint.bnpparibas-am.com/talking-heads-china-tech-self-sufficiency-drive-bodes-well-for-growth/?utm_source=facebook&utm_medium=social&utm_campaign=talkingheads-020626-worldwide&utm_content=video
* = Gross Domestic Product, ** = Research & Development