China’s Economic Paradox: Balancing Hi-Tech Innovation and Traditional Economy Amidst Global Speculations

Perspective | Is China advancing or decelerating? The situation is complex

China is nowhere near falling apart, however, its risk-taking strategy of driving growth through advanced technology may not yield results unless it strengthens its conventional economy.

Many people from the West frequently perceive China as either an emerging powerhouse on the verge of worldwide supremacy or a nation teetering on the edge of downfall. These contrasting viewpoints only highlight one aspect of China's economic direction: a surge in technology amidst a dip in growth.