Risk to resilience: China's economic security strategy
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China is retooling its economy for a new geopolitical age; China introduced the concept of "comprehensive national security" in 2014; China's economic vulnerabilities were exposed by the Covid-19 pandemic; China faces challenges from demographic shift and financial risks; China implemented a "three-red lines" policy package in 2020 to address high debt levels in the property sector; China seeks to align private enterprises' interests with national goals; China's state-led industrial policy aims to accelerate high-tech development; China will continue to advocate for free trade agreements and promote the Belt and Road Initiative; The future trajectory of Chinese economic transformation remains uncertain; A resilient Chinese economy can contribute to regional stability and global prosperity.
#China #EconomicSecurity #EconomicReform #ForeignInvestment #PropertySector #LocalGovernments #LandFinance #Debt #DualCirculationDevelopmentParadigm #Hightech #StateledIndustrialPolicy #BeltAndRoadInitiative
https://asiatimes.com/2024/07/risk-to-resilience-chinas-economic-security-strategy/
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