Xi Jinping has a plan to fix his country’s faltering economy and offset the pain caused by the property crisis. The goal is to move up the value chain. Out with dirty, low-end manufacturing and in with new industries like solar and electric vehicles. The problem, however, is Chinese consumers aren’t spending. Also, Beijing faces a tense trade and geopolitical landscape with the US and Europe.
00:00 Introduction
01:05 China’s growth story
01:54 Solar firm GCL
02:50 Hi-tech sectors
04:05 Tariffs and weak consumption
07:09 Model of success
If you want to read more on China’s “great rewiring,” click here: https://trib.al/25srtVZ
For more on Xi Jinping’s plans for the Chinese economy, click here: https://trib.al/4zPyDoh
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