China is making a big shift in its economy to protect itself from global problems like wars and pandemics. Under Xi Jinping’s leadership, the country is focusing on becoming more self-reliant and less dependent on international trade. This strategy, called the "fortress economy," aims to strengthen China’s internal industries and reduce vulnerabilities. With global tensions rising and its economy struggling, especially in real estate, China’s new plan is to create a robust and resilient economy that can handle severe crises and still thrive. This dramatic change reflects China’s ambition to stay strong and competitive on the world stage.
In a move to protect China's economy amid growing global challenges, Xi Jinping, the leader of the Chinese Communist Party (CCP), is shifting the country's economic strategy. This new approach is all about making China more self-reliant and resilient, especially in the face of global conflicts and pandemics.
A recent study by Jimmy Goodrich ...