Part 2/12:
In recent years, China has pursued a strategy of self-reliance, emphasizing the development of new productive forces, particularly in artificial intelligence (AI), data centers, semiconductors, and green tech. This push aims to reduce dependence on foreign technology amid ongoing trade tensions and technology restrictions from Washington.
A notable manifestation of this inward turn is the burgeoning wave of economic nationalism. Consumers increasingly favor Chinese brands over international products—a movement often termed "Guow" or "National Wave". Young Chinese consumers, inspired by patriotic sentiments and a desire to support local industries, are driving this trend.