Asian-News.net is your go-to online destination for comprehensive coverage of major news across Asia. From politics and business to culture and technology, we bring you the latest updates, deep analyses, and critical insights from every corner of the continent. Featuring exclusive interviews, high-quality photos, and engaging videos, we keep you informed on the breaking news and significant events shaping Asia. Stay connected with us to get a 24/7 update on the most important stories and trends. Our daily updates ensure that you never miss a beat on the happenings in Asia's diverse nations. Whether it's a political shift in China, economic development in India, technological advancements in Japan, or cultural events in Southeast Asia, Asian-News.net has it covered. Dive into the world of Asian news with us and stay ahead in understanding this dynamic and vibrant region.

Contacts

  • <asian-news.net

The open secret behind DeepSeek’s success

It has become fashionable among Western commentators to predict the decline of China’s economic “miracle.”

Slowing growth, a troubled real estate sector and demographic shifts are regularly cited as evidence of the malaise. Tensions with the United States – especially under the past two administrations – have further fueled this narrative.

Yet the picture is far more nuanced. Under President Donald Trump, Washington has so far avoided the most sweeping tariffs and measures that his campaign rhetoric suggested were a done deal.

However, three days before his inauguration, Trump remarked: “I anticipate that we will address numerous issues together, starting right away. We talked about trade balance, Fentanyl, TikTok, and various other topics. President Xi and I will do everything we can to make the world more peaceful and secure.”

These comments suggest an implicit recognition that China’s economy is evolving, not collapsing – and that the United States, despite its rhetoric, understands Beijing’s structural shifts.

State-led growth to private-sector dynamism

China’s early success was indeed driven by export-led manufacturing and state-owned heavy industry. Today, more than 65 of the 69 Chinese companies on the Fortune Global 500 are state-owned.

In recent years, Beijing has pushed for SOE mergers to bolster “national champions,” especially in strategic sectors. At a glance, such actions might reinforce the narrative of state dominance.

Yet the ground is clearly shifting. In the late 1990s, state-owned enterprises (SOEs) accounted for more than half of China’s industrial output. Today, they produce roughly 30%. Private firms have become the economy’s engine of job creation and efficiency gains.

Private companies now

Read more on asiatimes.com
DMCA