China's Emphasis on Technology Upgrade and Supply Chain Security

The chapter delves into China's strategic shift towards technology upgrade and supply chain security instead of focusing on domestic demand, highlighting the deflationary policy stance and the need to address austerity and fiscal challenges in the economy. It also discusses looming geopolitical challenges like tariffs on electric vehicles and proposed tax increases, emphasizing China's prioritization of supply over demand and the impact of the real estate downturn on consumers.