China has all the tools to face the challenges that will arise as a result of an economic situation that is anything but certain. But why is China, even in the face of major problems, able to achieve its goals? The answer finds its explanation within a single word: control. They control all the macro variables (which we have sold): money, rates, budget, debt and therefore the GDP there is to all intents and purposes an input value, it is not pursued as an output, as we do.
China, with the Dual Circulation strategy and the RCEP free trade area, is creating a system in Asia within which supply and demand are generated and satisfied, to a large extent, internally. This makes it resilient to geopolitical shocks and pressure from the West.
Complete interview is avaible on CGTN