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RE: LeoThread 2024-12-13 09:48

in LeoFinance3 days ago

Part 7/11:

Similarly, the manufacturing sector, once a pride of Xi’s administration, has declined significantly. As Xi introduced the "Made in China 2025" initiative, aiming for high-value production over mass manufacturing, the anticipated transformation has backfired. The policy has contributed to a declining share of GDP, overtly compelling foreign investors to reconsider their partnerships in favor of more attractive locales like Vietnam and Mexico.

Local Government Finances Under Strain