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China ends a year of strength, resilience and global influence
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When the Chinese AI startup DeepSeek surprised the world just a week after US President Donald Trump took office in January, few people really grasped the magnitude of China’s emergence at the forefront of cutting-edge science and technology. The past 12 months have opened a lot of eyes.
Casting off its long-standing stereotype as the world’s factory, China was suddenly creating what factories of the future will be producing. Breakthrough after breakthrough in industries such as artificial intelligence, electric cars, green technology and drug therapies made headlines around the world and attracted investment to China’s shores.
The nation is expected to meet its 2025 growth target of 5 percent despite some slowdown in investment, a continuing slump in the property sector and softer consumer spending — areas targeted for improvement in the 15th Five-Year (2026-30) Plan. Exports have remained strong as China diversifies its focus away from its once-largest market, the United States.
China’s emergence on the world stage hasn’t sat well with all countries, particularly the US, which fears loss of its dominance in global politics and trade. Trump and his “America First” mantra have led to the imposition of wide-ranging imports tariffs on all US trading partners and erected trade barriers on exports of materials the US considers vital to its national interest. The result has been a year of tensions in trade, disruption of long-established industry supply chains and geopolitical uncertainty. Despite all the headwinds, China hasn’t blinked in its resolve to turn its creative prowess into a vision of the future.
Shanghai Daily reviews some of the major business trends this year and looks at how they will shape 2026.
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