SECURITY TRUMPS ECONOMY
In his final statement last year, it is obvious that Mr. Xi has been placing protection and social stability preceding economic growth, stating that” stability is the prerequisite for prosperity, and security is the foundation for development.” While Mr Xi did not speak this time, the gathering signalled stability.
China changed the State Council Organic Law to mandate that the Cabinet “resolutely uphold” the Communist Party of China’s authority and “resolutely apply” the Central Committee’s choices. This change properly shifts power from the condition to the group by removing the separation of gathering and state that Deng Xiaoping implemented in 1982.  ,
The legislation also requests that the State Council promote and support Mr. Xi’s social philosophy, known as the Xi Jinping Thought, to help strengthen his authority over China’s government and society.
After Washington restricted Beijing’s access to advanced silicon chips and investment in areas with military uses, economic growth is also seen through the lens of national security.
Pledges to science and technology to the tune of 370.8 billion yuan ( US$ 51.6 billion ) aim to boost domestic technology and higher- technology self- reliance, include biomanufacturing, quantum computing, electric cars and hydrogen power.
China has searched for new approaches to economic growth based on science and modern innovation under the slogan “new successful forces.” It tries to move emphasis away from the property sector and investment in infrastructure, two of the country’s traditional economic drivers.
However, the focus on” comprehensive national protection,” which involves maintaining control over technology and science and imposing restrictions on private enterprise, was ultimately stymie economic development.