China bets massive on superior know-how in its five-year plan to revive the financial system.
For many years, China powered spectacular progress by way of exports, infrastructure and low-cost credit score. However that previous mannequin is working out of steam, even because it hits a file commerce surplus with the world this yr.
The property sector is drowning in debt, confidence is fading, and customers are holding again. Now, Beijing faces its hardest take a look at but: tips on how to hold the world’s second-largest financial system rising with out relying a lot on the engines that after drove it.
A brand new five-year plan guarantees “high-quality progress” constructed on know-how and self-reliance. However commerce tensions with the US may make the climb even steeper.
Revealed On 23 Oct 2025
