"Right now, there are many structural issues with the economy that need to be addressed, and analysts say Chinese policymakers are balancing efforts to spark consumer spending while at the same time stimulating growth for developing high-tech industries. For decades, the world's second-largest economy has been driven by export trade and infrastructure investments, while the third pillar, domestic consumption, has been neglected. As China's export and infrastructure engines sputter, stimulating domestic consumption has taken on more urgency."
"One of the top strategic challenges for Beijing coming from the United States under President Donald Trump is access to advanced semiconductor technology, critical to powering AI-based strategic industries. To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video The most advanced chips continue to be built by US firms like Nvidia, which has been at the center of on-and-off controls on the processing power of chips that can be delivered to the Chinese market."
China's Communist Party Central Committee is meeting in Beijing for a fourth plenary session to chart a five-year social and economic roadmap. Policymakers face structural economic problems and are balancing measures to boost consumer spending with state-led stimulation of high-tech industries. For decades export trade and infrastructure investment powered growth while domestic consumption lagged; with export and infrastructure engines sputtering, stimulating consumption has become more urgent. Private household sentiment is very gloomy and is depressing demand. Beijing plans to prioritize industrial policy and resilience, including semiconductor development, amid escalating US trade and technology pressures.
Read at www.dw.com
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