Loading ...Xi Jinping Turns China Into ‘Fortress Economy’ To Withstand External Shocks: Report
The CCP is preparing to fight and win (or at least survive) a very long war.
In a strategic pivot designed to safeguard China’s economic stability amid escalating global uncertainties, Chinese Communist Party (CCP) leader Xi Jinping is advancing an economic model aimed at bolstering national self-sufficiency and resilience. This shift, documented in a recent study, underscores Beijing’s ambition to fortify its economy against external shocks, including geopolitical conflicts and global pandemics.
“[The strategy is] designed to bolster national self-sufficiency and resilience against external shocks, and ultimately allow the nation to withstand ‘extreme situations’ including protracted armed conflict,”
Central to this recalibration is the concept of “dual-economic circulation,” a policy aimed at reorienting China’s economy from its historical reliance on exports towards a more balanced model that strengthens domestic industries while continuing to engage in international trade. By fostering robust internal economic activity, the CCP hopes to mitigate the impact of global disruptions on China’s economy.