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What measures is China taking to boost its economy?
China is focusing on increasing domestic consumption, enhancing infrastructure investments, and promoting innovation in technology. These strategies aim to reduce reliance on foreign markets and stimulate economic growth from within.
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How does increased budget spending affect China's economy?
Increased budget spending can stimulate economic growth by funding public projects and services, creating jobs, and boosting consumer confidence. However, it can also lead to higher debt levels if not managed carefully.
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What are the long-term effects of the US-China trade war?
The long-term effects of the US-China trade war may include a shift in global supply chains, increased costs for consumers, and potential economic decoupling between the two nations. This could lead to a more fragmented global economy.
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How is China adapting to declining foreign demand?
China is adapting to declining foreign demand by diversifying its export markets, investing in domestic industries, and enhancing trade relationships with other countries. This approach aims to mitigate the impact of reduced demand from traditional partners.
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What role does innovation play in China's economic strategy?
Innovation is central to China's economic strategy, as the country invests heavily in research and development. By fostering a tech-driven economy, China aims to enhance productivity and compete globally, especially in high-tech sectors.
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How are tariffs impacting China's trade relationships?
Tariffs imposed by the U.S. and other countries are straining China's trade relationships, leading to retaliatory measures and a reevaluation of trade partnerships. This situation compels China to seek new markets and strengthen existing alliances.