China Defends Economic Model Amidst US and EU Trade Tensions
China is staunchly defending its economic policies that prioritize advanced industries over consumption, as it prepares for trade talks with the United States and the European Union. President Xi Jinping and President Trump are expected to meet later this year, while the EU has set an October deadline for resolving trade disputes. Western nations criticize China's policies as mercantilist, arguing they undermine global trade rules. However, China maintains that its model is necessary for its development and benefits global markets. Recent statements from Chinese officials suggest a growing confidence in their economic strategy. 
