In the government plan for 2026, the No. 1 task is “building a robust domestic market.” Then comes accelerating technological progress. But longer-term, a plan for the next five years gives more prominence to achieving advances in tech.The subtle difference highlights the government’s balancing act. Its overarching goal is to transform from a low-cost manufacturing to a tech-driven economy.
But a more immediate concern is dealing with a prolonged period of sluggishness that has depressed consumer and business confidence. China is such a large exporter that the choices it makes affect countries and jobs around the world.
