Workers at Chinese e-commerce giant Alibaba prepare for the online shopping extravaganza known as 'Singles Day.' Domestic consumption has become a significant part of the Chinese economy, helping to buffer it somewhat from U.S. tariffs.
A decade after the global financial crisis, China is continuing efforts to develop a more sustainable model for economic growth. And now, it's facing a new challenge in the form of massive U.S. tariffs and investment restrictions. But the lessons China has learned over the past decade will come in handy in its current efforts, and the government in Beijing may be able to manage the Chinese economy better than it did in 2008.