Geopolitics
The Dragon Turns Inward: China's Consumption Plan is a Declaration of Economic Sovereignty
China has launched its first-ever five-year plan targeting domestic consumption, aiming for retail sales of around 60 trillion yuan by 2030 through measures to raise incomes and boost confidence. This monumental, self-reliant shift away from export dependency is a powerful declaration of economic sovereignty that challenges the West's control over global demand and heralds the rise of a truly multipolar world led by the Global South.
