Exclusive: China’s Ambassador Outlines Ambitious Plan to Jumpstart Economy

News Snapshot:

As questions loom over the future of the Chinese economy, which is now facing one of its most serious challenges of the century, Beijing's top diplomat in Washington has outlined to Newsweek his nation's ambitious new plan to accelerate growth mainly through investment in high-tech and emerging industries. First introduced to the public by Chinese President Xi Jinping in September 2023, the term "new quality productive forces" has since echoed across Chinese official communications and media outlets. International observers have also caught on, weighing in on what the People's Republic hopes to be a pioneering effort to revamp the trajectory...