{"id":105888,"date":"2025-05-16T09:18:09","date_gmt":"2025-05-16T09:18:09","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/105888\/"},"modified":"2025-05-16T09:18:09","modified_gmt":"2025-05-16T09:18:09","slug":"to-survive-the-trade-war-china-aims-to-create-a-stronger-domestic-economy","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/105888\/","title":{"rendered":"To survive the trade war, China aims to create a stronger domestic economy"},"content":{"rendered":"<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">Beijing is doubling down on efforts to create a stronger domestic market, as it focuses on reducing China\u2019s vulnerability to external tariff shocks even amid a tentative ceasefire in the country\u2019s trade war with the United States.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">Premier Li Qiang said on Thursday that China would continue to anchor its development strategy in bolstering \u201cdomestic circulation\u201d \u2013 a concept that refers to strengthening the country\u2019s economic self-reliance by creating a robust, unified domestic market \u2013 according to the state-run news agency Xinhua.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">The country should harness the economy\u2019s \u201cinternal stability and long-term growth potential\u201d to \u201coffset rising global uncertainties and keep China\u2019s development on a steady course\u201d, Li stressed at a State Council meeting chaired by Vice-Premier Ding Xuexiang.<\/p>\n<p>But the confrontation with Washington appears to have added urgency to China\u2019s <a target=\"_self\" class=\"e1yy41x40 ef9u0v01 css-1ankfgb ecgc78b0\" href=\"https:\/\/www.scmp.com\/economy\/china-economy\/article\/3306449\/china-launches-all-out-effort-boost-consumption-us-trade-war-boils-over?module=inline&amp;pgtype=article\" title=\"\" data-qa=\"BaseLink-renderAnchor-StyledAnchor\" rel=\"noopener\">efforts to boost domestic demand<\/a> and reduce the economy\u2019s dependence on overseas trade, analysts said.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">\u201cI think the government has realised China can no longer rely on exports as the dominant growth driver, given the current deglobalisation trend,\u201d said Zhang Zhiwei, president and chief economist at Pinpoint Asset Management.<\/p>\n","protected":false},"excerpt":{"rendered":"Beijing is doubling down on efforts to create a stronger domestic market, as it focuses on reducing China\u2019s&hellip;\n","protected":false},"author":2,"featured_media":105889,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3090],"tags":[3801,51,1395,48587,48585,48586,48582,48588,1700,15396,48584,48583,21560,14014,1219,16,15,6709,44067],"class_list":{"0":"post-105888","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-beijing","9":"tag-business","10":"tag-china","11":"tag-chinas-ministry-of-industry-and-information-technology","12":"tag-chinese-exporters","13":"tag-ding-xuexiang","14":"tag-domestic-circulation","15":"tag-economist-intelligence-unit","16":"tag-economy","17":"tag-li-qiang","18":"tag-peoples-bank-of-china","19":"tag-pinpoint-asset-management","20":"tag-state-council","21":"tag-the-united-states","22":"tag-trade-war","23":"tag-uk","24":"tag-united-kingdom","25":"tag-washington","26":"tag-xinhua"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114516767777300719","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/105888","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=105888"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/105888\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/105889"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=105888"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=105888"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=105888"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}