Beijing will look to strengthen leverage in coming five-year plan – but must recalibrate strategy to boost domestic demand, economist says.

China’s supply chain upgrades have strengthened its hand in negotiations with the United States and are expected to bolster its competitive edge over the next five years – though the country must prioritise domestic demand to sustain innovation and avoid worsening deflation, according to an influential economist. “China is probably the only country that is negotiating in a tough way, almost on an equal foot[ing] versus [the] US,” said Robin Xing, chief China economist at Morgan Stanley, in an…

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