Why China is doubling down on its export-led growth model
The country plans to reinforce its dominance of global manufacturing, despite persistent deflation at home and rising tensions abroad
The country plans to reinforce its dominance of global manufacturing, despite persistent deflation at home and rising tensions abroad

Beijing’s export offensive could be more destabilising than Trump’s tariffs

Beijing’s policies have encouraged overproduction and excessive competition

Beijing should focus more on domestic demand to sustain high economic growth

Industrial production and retail sales expand by slowest pace this year as policymakers battle threat of deflation

The country’s growth model is becoming increasingly hard to sustain

Local governments are steering investment into new factories, adding to overcapacity and eroding profit margins