InnovationScienceTechnology

China Unveils Five-Year Strategy to Boost Scientific Independence Amid Global Tensions

China has approved a comprehensive five-year development blueprint prioritizing scientific and technological independence, according to state media reports. The announcement follows a four-day leadership meeting addressing what officials describe as “profound and complex” global changes. This strategic shift comes as economic pressures mount from international trade tensions and domestic market challenges.

New Development Blueprint Approved

China has unveiled a new five-year development plan focused on achieving greater self-reliance in science and technology, according to state media reports. The announcement came in an official communique following a four-day meeting where party leadership approved the draft development blueprint, signaling a strategic pivot toward technological independence amid growing global uncertainties.

EconomyEnergy

Oil Markets Post Third Consecutive Weekly Decline Amid Trade Tensions and Supply Concerns

Oil futures stabilized on Friday but recorded their third consecutive weekly loss amid renewed U.S.-China trade tensions and growing oversupply concerns. Prices found some support after President Trump indicated plans to meet with China’s Xi Jinping, though concerns about potential eased sanctions on Russian oil limited gains.

Weekly Performance Marks Third Straight Decline

Crude oil futures reportedly stabilized on Friday but ended the week with significant losses, marking their third consecutive weekly decline, according to market reports. Sources indicate that renewed U.S.-China trade tensions and increased oversupply concerns sent prices to multi-month lows before some late-week stabilization.