EconAir

  New Chinese Nuclear Power Plant   Development of new technology is the key strategy for domestic economic growth and increasing exports. China leads the world in the production of EVs, batteries, solar panels, other renewable energy technologies, rare earth metals, robotics and automated production,  and  many other areas. They see global competition with the United States as much as a geoeconomic and technological struggle as a geopolitical competition.   While exports continue to be a part of China's development and growth strategy, two other past strategies are less important now. Domestic investment in housing and construction was an important driver of growth in the past. Housing construction has fallen. Now, digital services generates more revenue. Another past driver, foreign investment in China, has turned negative. In addition, exports to the United States has fallen from 22% of total exports in 2017 to 10% in 2024.  Chinese exports to the rest o...

  SUMMARY China's dominance of the interconnected group of high-tech products will make China the dominant manufacturing country in the world. China will also dominate the global economy, exporting its high-growth products at falling prices and developing joint production in many countries.  This includes renewable energy. China is the world's largest and lowest-cost producer of most renewable energy technology, especially solar panels and batteries. China is also developing and installing many new technology nuclear reactors.   Combined with China's surge in exports to the world outside of the United States, as a reaction to American tariffs and bans on Chinese exports, most of the world's advanced technology will be based on Chinese technology. China will have to deal with internal, domestic problems. The long-term problem will be the large decline in population, especially the shrinking of the working age cohort. this is one reason that China is concentrating on the ...