✨China's economy grew by 5.2% in Q4 and has consistent growth year after year.
🌍China's share of global industrial output is now on par with the US and EU combined.
🏭China is shifting its focus from real estate to high-value manufacturing industries.
💰China is cautious about accumulating long-term risk and is careful about borrowing heavily.
🌐China aims to dominate global trade and reduce reliance on the US dollar.
Why is the West disappointed with China's economic growth?
—The West has misconceptions about China's economy and expects double-digit growth forever, which is unrealistic. China's growth is still better than many G7 economies.
Why is China cautious about launching a big stimulus program?
—China has learned from its past mistakes and doesn't want to create another bubble. It wants to focus on sustainable growth and avoid long-term risks.
How is China shifting its economy away from real estate?
—China is focusing on high-value manufacturing industries like EVs and solar panels. It aims to become the world's factory for all kinds of products.
What does China's growing industrial output mean for global trade?
—China's growing industrial output gives it more leverage in global trade. It can dictate terms and reduce reliance on the US financial system.
What is China's strategy for economic growth?
—China aims to become an industrial superpower and dominate global trade. It is focused on sustainable growth, reducing reliance on the US dollar, and expanding its manufacturing sector.
00:00China's economy is growing steadily, but there are misconceptions and fears in the West.
02:18China's economy grew by 5.2% in Q4, and its industrial output is rising consistently.
06:57China is shifting its focus from real estate to high-value manufacturing industries like EVs and solar panels.
10:51China aims to become an industrial superpower and dominate global trade, reducing reliance on the US dollar.
13:25China is cautious about accumulating long-term risk and avoids launching a big stimulus program.
