Between 2000 and 2024, China

Between 2000 and 2024, China continued to rely on investment-driven growth in the face of external shocks, but this approach to regulation often came with side effects such as overcapacity and mounting debt. The root cause of this lies in the lack of deep consideration for reform to optimize investment efficiency. If policy returns are solely focused on short-term GDP numbers, while neglecting long-term goals such as industrial chain security and technological autonomy, it could lead to a vicious cycle of “investment – unfinished projects – re-investment”. This has already led to profound lessons in areas like semiconductor manufacturing and the photovoltaic industry. สล็อตเว็บตรง