China's Xi Speeds Up Inward Economic Shift

For decades, Chinese leaders embraced foreign investments and exports to power China’s economy. Now, with the world in recession and U.S.-China tensions deepening, President is laying out a major initiative to accelerate China’s shift toward more reliance on its domestic economy.

The new policy is gaining urgency as Chinese companies, including Huawei Technologies Co. and Bytedance Ltd., face increasing resistance in foreign markets, Chinese officials say.

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