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China plots domestic consumption, tech push as US rivalry deepens

By MLex Staff ( March 13, 2025, 05:40 GMT | Comment) -- At this year's Two Sessions, a pivotal event in China's political calendar, Premier Li Qiang outlined priorities to stimulate domestic consumption and drive technological innovation. With this dual strategy, China is shielding itself against potentially volatile exports by leveraging its 1.4 billion consumers, while channeling resources to strategically important technologies to counter Washington's containment efforts.In China’s southern Fujian Province, Linda Chen's garment business tells the story of China's export struggles. Her Amazon storefront, once thriving, now grapples with US tariffs that have increased by 20 percentage points this year....

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