China is focusing on self-reliance in a way that limits opportunities for foreign businesses and imports.

“All of this points to the same reality. China is doubling down on self-reliance while squeezing already limited space for foreign companies and high value imports.”

China is actively pursuing an import substitution strategy across key industries, aiming to rely as little as possible on foreign goods.

“there is nothing that China wants to import, nothing that it does not believe it can make better and cheaper, nothing for which it wants to rely on foreigners a single day longer than it has to.”