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China's Xi Is Building an Economic Fortress Against U.S. Pressure

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As Trump turns up the heat on Beijing, China is trying to become more technologically self-sufficient, but its efforts have a significant cost.
The article from MSN discusses how Chinese President Xi Jinping is fortifying China's economy against U.S. pressures through various strategic measures. Amidst escalating tensions, particularly over technology and trade, Xi is focusing on enhancing self-reliance in critical technologies, reducing dependency on foreign markets, and strengthening domestic industries. This includes initiatives like "Made in China 2025," which aims to upgrade China's manufacturing capabilities in high-tech sectors. Additionally, Xi is promoting the development of a "dual circulation" strategy, where China seeks to boost internal economic circulation while still engaging with the global market, albeit on more controlled terms. This approach is part of a broader effort to insulate China from external economic shocks and geopolitical pressures, especially from the U.S., by fostering innovation, securing supply chains, and increasing state control over key economic sectors.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/other/china-s-xi-is-building-an-economic-fortress-against-u-s-pressure/ar-AA1yMUD5 ]