The recent market turmoil has accelerated China’s mammoth economic restructuring plan designed to reduce dependence on Western markets.
Key Initiatives:
- Made in China 2025 2.0:
- $800B semiconductor investment
- 100% EV supply chain localization
- Domestic Consumption Drive:
- Retail stimulus packages
- Rural e-commerce expansion
- Alternative Alliances:
- BRICS+ trade bloc expansion
- Russia energy deals
- Middle East infrastructure pacts
Economic Projections:
- 2025 GDP growth revised to 4.2%
- Export share to drop below 15%
- Tech self-sufficiency timeline moved up
