Latest news with #ChinesePolicymakers
South China Morning Post
6 days ago
- Business
- South China Morning Post
China's trade war strategy? Bet on Guizhou, long one of its poorest provinces
The 2025 trade war launched by the United States is shaping up to become a watershed moment for Chinese policymakers. While the country's economic resilience and role at the centre of global supply chains helped secure a 90-day truce with Washington, Beijing is digging deep to fight a protracted conflict. The forthcoming Five-Year Plan – China's signature development blueprint – is expected to fortify the domestic economy in the pursuit of global leadership. Provincial leaders are seizing opportunities to align with the national strategy, as the 2026-2030 development plan, officially released in March 2026, promises to reshape the nation's economic and industrial landscape. Guizhou, a mountainous province in Southwest China, 400 kilometres from the nearest coast, has barely felt the shock waves from Donald Trump's unprecedented tariff blitz. Instead, officials have identified opportunities as Beijing strategically pivots to the domestic market and renews its focus on economic security. 'We must fully play up our comparative advantages to serve the national strategy,' said Xu Lin, Guizhou's party chief, at a preparation conference for the Five-Year Plan on May 28. Guizhou now counts on the 'strategic hinterland strategy', introduced during a policymaking conference in December 2023.
Bloomberg
25-06-2025
- Business
- Bloomberg
China Seizes Moment to Globalize Yuan as Dollar Doubts Mount
China is launching a sweeping campaign to promote the yuan's global role, seizing what officials see as a rare strategic opening. With the dollar facing multiple challenges, Beijing is accelerating its long-standing campaign to reduce global reliance on the world's reserve currency. What sets the latest push apart is timing: Chinese policymakers see erratic US decision-making and geopolitical tensions as the most favorable backdrop in years to promote the yuan.
