China Is Remaking Itself Into a Tech Behemoth

Any discussion of the Chinese economy in the past few years is likely to have touched on its property sector implosion, the catastrophic loss of life following its “Covid zero” reopening, crackdowns on the tech sector and a general failure to launch. But amid all his struggles, President Xi Jinping has been pursuing a long-term plan to turbocharge China’s new engines of economic success—with an eye toward catching and surpassing the world’s tech behemoths.

In the Bloomberg Originals mini-documentary How China Is Rewiring Its Faltering Economy, we explain how Beijing has directed massive resources toward transforming its famous “factory floor” industrial economy into one dominated by, among other things, the clean technology that will eventually power a post-fossil fuel world.