SINGAPORE/BEIJING (Reuters) -China’s Communist Party meets this month to map a five-year vision that prioritises high-tech manufacturing in its quest to upgrade its sprawling industries and project global power as its rivalry with the U.S. intensifies, analysts say.

Known as a plenum, the meeting is also likely to pledge strong measures to lift household consumption and curb deep, historical supply-demand imbalances that threaten long-term growth in the world’s second-largest economy.

The two goals are decades old and pull in opposite directions, a policy challenge that has become acute now with U.S.-China tensions worsening, making it hard for Beijing to pivot to demand-side policies, analysts say.

Industrial prowess demands maintaining the status quo of channelling state resources to

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