China's economy: On the way to global power despite challenges!

China's economy: On the way to global power despite challenges!

China's presence on the global economic stage is always visibly stronger, and not without reason. In a recently held in Beijing, President Xi Jinping explained that the People's Republic not only reaffirms its economic trust, but also act as a central growth element for the global economy. According to bpb.de The days when China only acted as a workbench in the world are over. Instead, the People's Republic strives to build its own, competitive companies. This is done in an environment in which international relationships, especially with the USA, are increasingly tense.

XI's call for global cooperation and innovation also includes combating protectionism. He represents the tendency to decoupling markets and supply chains. In addition, the Chinese government sees a key strategy in technological development to escape the "Middle Ein", a state in which the country stagnates and is unable to preserve its competitiveness, according to the analysis of bpb.de . It remains to be seen how these steps will influence international economic balance in the long term.