making real stuff, technical stuff is really important and china wants to be a bigger and smarter germany using ai data and communications to do added manufacturing. it is very much still the goal but to climb up the value chain, low end manufacturing has moved to neighbouring countries and that is where the crackdowns on real estate on the system doesn t see it as a real economy. let me in on this. does beijing, president xi jinping, do they care about the role of the china plays on the global economy, especially if that conflicts with the domestic agenda
being the world s factory floor and other industries coming into play? the leadership in china has this idea that manufacturing, making real stuff, technical stuff, is really important and china wants to be a bigger and i quote unquote, smarter germany in the sense using ai data communications to do high value added manufacturing. so that is very much still the goal, but is to climb up the value chain. a lot of the low end manufacturing has already moved to neighbouring countries, southeast asia and so forth. but that in the leadership mind is most important. hence the crackdowns on the real estate and even the financial system because it doesn t see it as as the real economy. let me end on this, because i m just wondering, does beijing president xijinping, do they even care about the huge role that china plays on the global economy, especially if that conflicts with the domestic agenda? do they care about the role
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