China's Economic Shift: Challenges and Global Expansion

This chapter examines the current state of China's economy, detailing its rapid growth and the challenges it faces, such as weak domestic demand and a downturn in the property market. It highlights the strategic shift of Chinese firms towards international markets, particularly in the global south, amid evolving competition and geopolitical tensions. Additionally, the chapter discusses the implications of China's Belt and Road Initiative and the mixed local perceptions of Chinese investments in developing regions.