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What will form the ‘foundation’ as China moves towards overtaking the US to become the world’s biggest economy?

What will form the ‘foundation’ as China moves towards overtaking the US to become the world’s biggest economy?
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Described as the “foundation” that will determine China’s “strength and its future position in the world”, manufacturing is once again taking over as the main engine of economic growth that could help challenge the United States as the world’s biggest economy.

Amid rising competition with both developed and developing countries, China is renewing its effort to reboot its manufacturing sector, while moving away from its old playbook of relying on…

To read more: https://www.scmp.com/economy/china-economy/article/3147436/what-will-form-foundation-china-moves-towards-overtaking-us

SOURCE: South China Morning Post

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