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China's Xi Is Building an Economic Fortress Against U.S. Pressure

China's Xi Is Building an Economic Fortress Against U.S. Pressure

A day in China could easily start like this: Roll out of bed and swipe through WeChat messages on your Huawei smartphone. Hop into a BYD electric car and drive to the railroad station, where a high-speed train from a state-run factory whisks you to your destination. Chinese-designed nuclear plants, solar farms and wind turbines power the city's lights.
China is racing to make itself less reliant on the outside world's products and technology—part of a yearslong effort by leader Xi Jinping to make China more self-sufficient and impervious to Western pressure as tensions with the U.S. rise. Beijing has poured hundreds of billions of dollars into favored industries, especially in high-end manufacturing, while exhorting business leaders to fall in line with the government's priorities.

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US stocks drift closer to their record as Wall Street waits to see what US-China talks will bear
US stocks drift closer to their record as Wall Street waits to see what US-China talks will bear

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US stocks drift closer to their record as Wall Street waits to see what US-China talks will bear

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As Russia inches closer to Dnipropetrovsk Oblast, new Ukrainian region might soon be at war
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As Russia inches closer to Dnipropetrovsk Oblast, new Ukrainian region might soon be at war

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China's Petrochemical Reliance on U.S. Outweighs Rare Earth Trade
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Yahoo

time28 minutes ago

  • Yahoo

China's Petrochemical Reliance on U.S. Outweighs Rare Earth Trade

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