This development model reflects a unique balance between market forces and state control, drawing historical parallels to the economic strategies of East Asia and Germany.

However, the country faces challenges such as overproduction and overcapacity, which are linked to systemic incentives and broader economic shifts.

In response to these challenges, stabilization efforts are being implemented in the property sector, particularly to address regional disparities in housing markets.

Amidst these economic adjustments, rising trade tensions and supply chain modifications are occurring as Western countries adopt de-risking strategies.

China is undergoing a significant transition from a property-driven growth model to emerging industries such as electric vehicles, artificial intelligence, and green technology.

At the core of this transition is Xi Jinping's economic philosophy, which emphasizes rejuvenating the Communist Party, promoting technological advancement, and fostering a sense of national greatness.

China's approach to its relations with the United States is increasingly cautious, anticipating long-term tensions, especially with the possibility of a Trump presidency.

Additionally, China is deepening its ties with the Global South while maintaining a complex strategic relationship with Russia.

Under Xi, tech regulation has evolved from strict crackdowns to a more optimistic stance regarding leadership in artificial intelligence.

Insights from Andrew Polk, co-founder and head of economic research at Trivium China, highlight these economic dynamics and their implications for the future.