China is building economy fortress amid rising US trade pressures: Report

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China is building economy fortress amid rising US trade pressures: Report

//science-technology.news-articles.net/content/2 .. tress-amid-rising-us-trade-pressures-report.html

Published in Science and Technology on Tuesday, February 11th 2025 at 14:42 GMT by Firstpost

🞛 This publication is a summary or evaluation of another publication
🞛 This publication contains editorial commentary or bias from the source
🞛 This publication contains potentially derogatory content such as foul language or violent themes

The article from Firstpost discusses how China is fortifying its economy in response to increasing trade pressures from the United States. According to a report by Bloomberg Economics, China is focusing on reducing its reliance on exports by boosting domestic consumption and investment in high-tech industries. This strategic shift aims to insulate the Chinese economy from external shocks, particularly from ongoing trade disputes with the U.S. The report highlights that China's efforts include enhancing self-sufficiency in technology, increasing state support for key industries, and promoting internal market growth. These measures are part of a broader initiative to create an "economy fortress" that can withstand global economic turbulence and geopolitical tensions.

Read the Full Firstpost Article at:
[ https://www.firstpost.com/world/china-is-building-economy-fortress-amid-rising-us-trade-pressures-report-13862216.html ]