Chinese President Xi Jinping’s new development model, translated as “domestic circulation,” is meant to make China far less dependent on foreign firms, technology and markets
For decades, Chinese leaders embraced foreign investments and exports to power China’s economy. Now, with the world in recession and U.S.-China tensions deepening, President Xi Jinping is laying out a major initiative to accelerate China’s shift toward more reliance on its domestic economy.
The new policy is gaining urgency as Chinese companies, including Huawei Technologies Co. and Bytedance Ltd., face increasing resistance in foreign markets, Chinese officials say.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
WSJ News Exclusive | Airbnb Plans to File Confidentially for IPO in AugustAirbnb plans to file IPO paperwork with the Securities and Exchange Commission later this month, laying the groundwork for a potential listing before the end of the year, according to people familiar with the matter.
Weiterlesen »
WSJ News Exclusive | EPA to Rescind Methane Regulations for Oil and GasThe Environmental Protection Agency is preparing to end requirements that oil and gas producers detect and fix greenhouse-gas emissions.
Weiterlesen »
WSJ News Exclusive | Federal Government Sent Workers Nearly $250 Billion in $600-a-Week Jobless AidThe federal government spent almost $250 billion on enhanced unemployment benefits from early April to the end of July, the Labor Department said, as millions of workers were laid off amid the pandemic.
Weiterlesen »
Universal Music Breaks From Exclusive China Licensing Agreement to Sign With Both Tencent and NetEaseUniversal Music Group (UMG) announced Monday that it has signed multi-year direct licensing agreements in China with both Tencent Music Entertainment (TME) and its competitor NetEase Cloud Music, b…
Weiterlesen »