BEIJING (Reuters) -China will increase the proportion of government investment for people’s livelihoods and raise the percentage of household consumption of GDP “significantly” over the next five years, officials told reporters on Friday.

The comments came after China unveiled its outline for economic and other policy goals for 2026-2030 on Thursday, which showed the leadership prioritised manufacturing and technology-reliance over consumption.

The country’s tech-focused STAR50 index rose 3% on Friday morning, responding to the outline.

“China should strive for breakthroughs in key technologies,” President Xi Jinping said in an August meeting on the new five-year plan, state media Xinhua reported on Friday.

He added that the integrated development of education, science and technology t

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