U.S. and Iran exchange threats - Tuesday, 10 March
Tensions in the region remained high on Tuesday (10 March), as the United States and Iran exchanged increasingly sharp warnings, including thr...
China’s top leadership has unveiled a new push to turn advanced technologies into large-scale industrial priorities as part of the country’s upcoming 15th Five-Year Plan, which will guide economic and social development from 2026 to 2030.
Officials say the plan is designed to move cutting-edge technologies out of laboratories and into factories, supply chains and everyday life. In practical terms, Beijing wants to accelerate the process of turning scientific breakthroughs into commercial products and industries that create jobs and sustain growth.
The strategy builds on China’s long-established system of five-year plans, which set medium-term economic targets. This time, the emphasis is on what leaders call “new productive forces” – industries driven by artificial intelligence, advanced manufacturing, green energy, next-generation telecommunications and biotechnology. Rather than relying heavily on traditional sectors such as property and low-end manufacturing, policymakers want future growth to come from innovation and higher-value industries.
Under the blueprint, key technologies including AI-powered robotics, intelligent manufacturing systems and advanced semiconductors are expected to receive stronger policy support. This could include increased research funding, tax incentives for companies and closer coordination between universities, state-owned enterprises and private firms. The aim is to scale up promising technologies more rapidly so they can compete on the global stage.
Green development is another central pillar. Clean energy equipment, electric vehicles, battery storage and environmentally friendly industrial processes are likely to be prioritised. Leaders say the shift is not only about cutting emissions, but also about securing China’s position in fast-growing global markets linked to the energy transition.
Analysts say the renewed focus on large-scale industrialisation reflects lessons learned over the past decade. China has made significant advances in research and innovation, yet translating those gains into commercially competitive industries has at times proved slower than anticipated.
The new plan seeks to close that gap by strengthening supply chains, encouraging domestic demand for high-tech products and reducing reliance on foreign technologies in sensitive sectors.
The 2026–2030 period is widely seen as critical to China’s economic transformation. Growth has slowed in recent years as the country adapts to structural challenges at home and a more uncertain global environment. By prioritising high-tech and strategic industries, leaders hope to build more stable and sustainable engines of growth.
Although detailed implementation measures are expected to be introduced gradually, the direction of travel is clear: innovation is no longer simply a long-term ambition, but a central driver of China’s next stage of development. The coming five years will test how effectively the country can convert scientific ambition into large-scale industrial strength.
Tensions in the region remained high on Tuesday (10 March), as the United States and Iran exchanged increasingly sharp warnings, including threats over the strategic Strait of Hormuz, a critical artery for global oil supplies.
Global oil prices surpassed $119 a barrel on Monday (9 March, 2026), an almost four year high, as the Middle East conflict rumbled on.
China has urged Afghanistan and Pakistan to resolve their dispute through dialogue after Chinese envoy Yue Xiaoyong met Afghan Foreign Minister Amir Khan Muttaqi, as fighting between the two neighbours entered its eleventh day.
Entry and exit across the state border between Azerbaijan and Iran for all types of cargo vehicles, including those in transit, will resume on 9 March, according to a statement by the Cabinet of Ministers of Azerbaijan.
Iran named Mojtaba Khamenei to succeed his father Ali Khamenei as supreme leader on Monday (9 March), signaling that hardliners remain firmly in charge, as the week-old U.S.-Israeli war with Iran pushed oil above $100 a barrel.
China has raised the retail prices of petrol and diesel after global oil prices climbed sharply. The country’s top economic planning body, the National Development and Reform Commission (NDRC), announced the move after reviewing international oil market trends.
Global financial markets remained on edge on Friday as the escalating war involving the United States, Israel and Iran continued to rattle investors, fuelling volatility in stocks and sending energy prices sharply higher.
The European Commission sees no immediate impact on the European Union's security of oil supply from the escalating conflict in the Middle East, it said in an email to EU governments, seen by Reuters on Monday (2 March).
Paramount Skydance emerged as the winner in a months-long battle to acquire Warner Bros Discovery after streaming giant Netflix on Thursday refused to raise its bid for the storied Hollywood studio.
Global debt surged to a record $348.3 trillion at the end of 2025, after nearly $29 trillion was added over the year, marking the fastest annual increase since the pandemic, according to the Institute of International Finance (IIF) report released on Wednesday.
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