China Pivots to EVs, Solar, Batteries; Sparks New Era of Economic Competition with Western Countries

China is pivoting to new economic drivers like EVs, solar, and lithium batteries.

These industries would have a global economic impact, akin to the "China shock" of the 2000s.

China is targeting strategic industries that other countries also want to dominate.

Unlike the 2000s, Western countries are pushing back more against China's economic ambitions.

The industries are seen as critical for the future, so there is more competition between countries.