As China faces challenges post-pandemic and in geopolitics, its economy’s future appears uncertain, especially with the collapse of the once-thriving property sector. In response, Beijing has introduced stimulus plans to boost market confidence and promote a self-reliant economic model, aiming for a “dual circulation” economy. Despite efforts, questions arise about whether China can turn its economy around amidst global economic gloom and recession fears.
The success of China’s AAA video game, Black Myth: Wukong, and BYD’s dominance in the electric vehicle market demonstrate Chinese innovation and government support. To pave the way for long-term prosperity, Beijing is investing in emerging industries like AI and green tech, while universities adapt their curriculums to nurture talent in these areas, signaling a shift towards hi-tech fields.