China’s High-Value Manufacturing Bid Risks Trade Wars

As China's property sector declines, President Xi Jinping aims to reshape the nation's economic model for the next decade by focusing on manufacturing, particularly in high-value sectors such as electric vehicles, batteries, and renewable energy.

The US and the European Union (EU) have already raised concerns about China's overcapacity, leading to trade investigations.

However, this shift could lead to renewed global trade tensions, according to Bloomberg News.

China's emphasis on the "new three" growth drivers aligns with the global push for decarbonization, driving demand for commodities like copper and lithium. While this strategy helps China maintain economic growth, it also fuels imbalances that may spark trade tensions with developed nations and emerging economies.

The US and the European Union (EU) have already raised concerns about China's overcapacity, leading to trade investigations.

The EU initiated investigations, prompting China to launch an anti-dumping probe into EU liquor products, targeting France. The US has tightened measures to restrict China's access to advanced technology.

China's focus on retaining lower-end industries could limit opportunities for other nations, while countries like Turkey and India, seeking more sophisticated industries, are adopting protectionist measures against China.

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