China claims to want a multipolar world but what it wants is a unipolar Asia in which it is the sole power. But its a race against time . China’s huge population is aging fastest due to falling birth rates and rising life expectancy. Isnt chainese economical growth is based on labour intensive manufacturing .The drop in labor force, increases labor costs, makes goods less competitive. China will get old before it gets rich. Beyond 2030, China’s economic growth faces a cap, when the overall dependency ratio starts spiking. If China must be a superpower, it must get rich before it becomes old and decline sets in.
Yes, this is why Xi Pingpong has started the "Made in China 2025" and "Dual Circulation" schemes.
"Dual Circulation" means pushing for a larger domestic consooma market for everything, reducing dependence on exports oriented economy.
"Made in China 2025" is for producing high tech manufactured items, semiconductors, jet engines, air planes, machines etc, which are high capex, high R&D and less labor intensive compared to what they produce today, these categories above are what developed countries export like Anglosphere, EU, Japan, Korea, Taiwan etc.
Currently their other unspoken scheme is to offshore labour intensive electronics assembly, plastic items, production to ASEAN countries, and offshore clothes and shoe manufacture to African countries( mainly Ethiopia for now ).
Saudi Arabia`s move on addressing India`s concerns over the issue on the incorrect map comes ahead of the G20 summit.
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Wallah habibi mashallah