How China is trying to ‘tariff-proof’ its economy as the trade war with U.S. heats up

Quick Summary:

A weekend editorial in the Communist Party-backed People's Daily described the tariffs as a "strategic opportunity" for China to cement consumption as the main driver of economic growth.

China's leaders have been trying to promote domestic self-reliance in technology for some time, offering explicit support and reinforcing supply chains in key areas like AI and chips.

Although China's domestic market is stronger now than in Trump's previous term, there would inevitably be pain ahead, said Tang Yao from Peking University's Guanghua School of Management.

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Article Details

Author / Journalist: Mary Yang, Luna Lin, AFP

Category: EconomyBusiness

Markets: United StatesChina

Topics: Economy Tariffs and trade Tariffs Consumer Spending

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-09 @ 10:51:08 (6 days ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 713 words

Reading Time: 4 minutes read

Sentences: 6 lines

Sentence Length: 119 words per sentence (average)

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

Copyright Owner: © Fortune

News ID: 27753614

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