2025 a crucial year for 'East Asia miracle'
China DailyHigh-rises dominate the skyline on both sides of the Huangpu River in Shanghai. Exports’ growth has been so strong that Europe and the US have felt their own businesses are being threatened, and political forces in the United States have taken the opportunity to label China as a “strategic danger”, with targeted sanctions and defensive industry policy to encourage domestic companies. Moving production inland Therefore, China will continue its policies of moving production inland next year to use cheaper domestic labor and establishing supply chains along the overland Belt and Road destinations. So far the Southern Hemisphere resource suppliers have enjoyed strong commodity prices and cheap imports of green technology from China, but they are One big question for Chinese economists in 2025 will be: if the world keeps moving to win-lose policies, should China respond or should it try to lead countries in reasserting open trade. Under China’s “miracle economy” strategy, the economic driver was exports driven by strong investment, with government expenditure focused on infrastructure and policy focused on industry promotion.
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