China Sets Limits to Protect Economy
China insists on its economic model based on supporting advanced industries and investment, rejecting Western pressures that demand policies aimed at boosting domestic consumption. Beijing affirms that its models reflect the needs of an economy still in the process of catching up with developed countries and defends its investments in technology and scientific research. However, reports indicate an increasing reliance on exports due to weak domestic demand, with Western concerns growing over China's trade surplus, which reached a billion dollars daily last year. Tensions with the West are escalating ahead of upcoming trade negotiations with the United States and the European Union. At the same time, China has begun implementing gradual steps to address economic imbalances, amid ongoing debates about the long-term sustainability of its model.
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