New Quality Productive Forces Driving Growth
The tariff wars launched by some economies are destabilizing the rules-based multilateral trading system and challenging the resilience of global industry and supply chains.
At this critical juncture, China is showing strategic foresight, pioneering a new path by advancing high-standard opening-up through the development of "new quality productive forces".
This is not merely a temporary response but a strategic move to enhance competitiveness.
The current realignment of global industry and supply chains is the result of the convergence of long-term trends and short-term disruptions.
Technological advancements and the digital economy have reduced cross-border transaction costs, yet they have not been able to end the protectionism that emerged in the aftermath of the 2008 global financial crisis.
Author's summary: China pioneers new path.
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