In a bid to stimulate growth amid a declining property sector, Chinese President Xi Jinping is shifting the country’s economic model, potentially sparking global trade unrest. What Happened: China’s leaders are investing heavily in manufacturing, particularly in the sectors of electric vehicles, batteries, and renewable energy. These areas are dubbed as the “new three” growth drivers, which support the global de-carbonization push and stimulate demand for commodities like copper and lithium, Bloomberg reported on Sunday. While the strategy helps China stave off economic recessions, it also cre…
