China’s 2 Sessions: Slow Growth Collides With Tech Supremacy

Quick Summary:

China faces a paradox: structural challenges and slowing growth associated with the old economy, and a high-tech, globally competitive industrial sector in the new economy.

On one hand, China has recalibrated its policy stance toward the private sector, easing the regulatory crackdowns that previously hampered growth in industries such as technology and private education.

In a speech in 2022, Xi stressed the need for capital regulation in China’s socialist market economy given the coexistence of state-owned, collective, private, foreign, and mixed ownership capital.

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Article Details

Author / Journalist: Stefanie Kam

Category: Economy

Markets: United StatesCameroonChinaGuineaIndiaJapanNepalPakistanPapua New GuineaPhilippinesTaiwanUkraine

Topics: Private Capital Government Sector China’s Growth Economic China Firms Market Economy

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-18 @ 21:51:00 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: thediplomat.com

Language: English

Article Length: 2782 words

Reading Time: 16 minutes read

Sentences: 122 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Diplomat

News ID: 27154969

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