The global economy is entering a defining period of transition. Traditional engines of growth are losing momentum as many advanced economies grapple with slowing productivity, ageing populations, geopolitical tensions and the fragmentation of global supply chains.
At the same time, developing countries are searching for sustainable pathways to industrialisation in an increasingly technology-driven world.
Against this backdrop, China’s transformation from the world’s factory into one of the world’s leading centres of innovation is reshaping global conversations about development, competitiveness and international cooperation.
For decades, China was known primarily as the world’s manufacturing hub, supplying affordable goods to virtually every corner of the globe.
Its economic rise was built on low-cost manufacturing, vast industrial capacity and an unparalleled ability to produce goods at scale.
