mandag 7. september 2020

Xi’s Post-Virus Economic Strategy for China Looks Inward

He inspected fields of corn amid jitters about food supplies. He visited steel works trying to overcome a slump in profits. He toured an innovation center at a time when President Trump has raised barriers against China’s technological takeoff. China’s leader, Xi Jinping, has used his recent trips to highlight a warning: The country must retool its economy to be more self-sustaining in a post-pandemic world of uncertainty, weakened demand and hostility.

China needs its people to spend more and its manufacturers to be more innovative, Mr. Xi has said, to ease dependence on fickle foreign economies. Most pressing, official media comments on Mr. Xi’s strategy have said, China must be ready for sustained acrimony with the United States that could put at risk its access to American consumers, investors and know-how.

“The world has entered a period of turbulence and transformation,” Mr. Xi told an audience of prominent Chinese economists brought to the Communist Party’s headquarters in central Beijing late last month. “We face an external environment with even more headwinds and countercurrents.”