China has regained its economic momentum. By adopting an expansionary Keynesian fiscal policy and prudent monetary policy to rescue the private sector, China has focused on industrial upgrading over the past decade, shifting from low-value-added manufacturing to high-tech industries, resulting in high-performance productivity and lucrative business models. One of the most notable cases is that China surpassed Japan to become the largest automobile exporter by selling 4.91 million vehicles to the global market in 2023.