China's Economic Resilience: Thriving Amidst Ongoing Trade Tensions

Since 2018, China's economy has faced the challenges posed by a lengthy trade war, yet it has remarkably demonstrated resilience. Recent analyses highlight that amid these tensions, the nation has not only managed to maintain stability but also embarked on a journey towards technological innovation. This proactive approach has propelled China to seek advancements in core technologies across various critical sectors.

During this eight-year tumultuous period, the trajectory of China's exports underwent significant diversification. Notably, the export share to ASEAN countries saw an increase from 12.8% to 16.4%. Similarly, the nation’s share of exports to countries participating in the Belt and Road Initiative (BRI) rose impressively from 38.7% to 47.8%. Such substantial shifts indicate a decreasing reliance on the U.S. market and exemplify China's strategic pivot towards fostering relationships with regional partners.

The foundation of this economic resilience lies in a comprehensive industrial chain system, the leverage of a vast consumer market, the emerging ‘talent dividend,’ and a suite of evolving policy instruments. These elements collectively serve as constant catalysts driving internal economic forces. Furthermore, China's response to