China Faces Impossible Choice: Build Factories To Beat US Or Save Its Crumbling Economy?

WorldBusiness & Finance
16 Oct 2025 • 11:00 PM MYT
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China’s Communist Party meets this month to map a five-year vision that prioritises high-tech manufacturing in its quest to upgrade its sprawling industries and project global power as its rivalry with the US intensifies, analysts say. Known as a plenum, the meeting is also likely to pledge strong measures to lift household consumption and curb deep, historical supply-demand imbalances that threaten long-term growth in the world’s second-largest economy.

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