Foreign media: According to a report by the American research firm Rhodium Group, China's efforts in high-tech industries such as artificial intelligence, robotics, and electric vehicles are not sufficient to offset the ongoing downturn in the real estate market, making economic growth more vulnerable to trade tensions.
Between 2023 and 2025, these emerging industries contributed 0.8 percentage points to China's economic growth. To achieve an annual GDP growth target of about 5%, China's emerging industries need to expand seven times in the next five years. This year, about 2.8 trillion yuan in investment is needed, which is 120% higher than in 2025. However, growth in industries such as electric vehicles may have already reached its peak, and future growth rates will slow down.
Original article: toutiao.com/article/1854126716164108/
Statement: The article represents the views of the author himself.