Issue 6, 2025  

China's Economy at the World Crossroads

Contents

▍Editor's Note 

Accelerating the Construction of Socialist Political Economy with Chinese Characteristics

▍Overseas

How the U.S. Weaponizes Critical Minerals and How China Should Respond?          Li Chengyu Chu Jiaqi

▍Cover Story: China’s Economy at the World’s Crossroads

Why the Current Industrial Revolution is AI + Electrification                   Li Yin

For two decades, the U.S. pursued “strategic altruism” toward India, viewing the latter's rise as a counterbalance to China. Trump’s second term, however, abruptly reversed this policy as Washington’s fear of America’s relative decline outweighed concerns about external threats. The U.S. now values allies for their immediate economic returns, rather than their strategic roles in geostrategic mission like containing China. Unlike Japan, South Korea, or Europe, India lacks both the capacity and willingness to reciprocate U.S. support and maintains independence on issues like Russia and BRICS. This has become the fundamental reason why the United States is no longer willing to grant India continued concessions. With similar service-oriented economic structures, the U.S. and India are facing an increasingly fierce competition, which may eventually trigger a broader transformation in the global geopolitical landscape.

A Political Economy Analysis of “Involutionary” Competition     Feng Zhixuan

Can China’s Super-Scale Economy Restructure Globalization?—With a Discussion on the Resurgence of Geoeconomics          Cao Yuanzheng  Yang Rui

Three Key Tasks to Counter Trump’s Tariff and Financial Wars       Cui Zhiyuan

▍Focus

From Strategic Protégé to Strategic Castaway: The U.S. Policy Shift Toward India in Trump’s Second Term                         Mao Keji

▍Historical View

A Survey of the Aihui-Tengchong Line        Fang Ning

▍Trends

Unveiling the Truth of “Digital Civilization”: How Are Humans Transformed by Machines?         Liu He

▍Global South

Rethinking Bandung Conference Amid Changes in World Order   Xu Zhun  Ma Yang

This paper first explores the history of the 1955 Bandung Conference, focusing on how the contributions of both the Colombo Five group and China made the conference an unprecedented success. We argue that China has consistently advocated for peaceful coexistence and development since the early years of the People’s Republic. Proposals such as the “community of shared future” offer an important alternative to U.S.-led neoliberal globalization. As world capitalism enters a new phase of crisis and conflict, China’s efforts to promote peaceful coexistence and development can play a crucial role in carrying forward the Bandung tradition.

From Developing the “Underdeveloped” to Moving Beyond De-pendency    Shi Peiran

The Calculated Global South: Hegemony of Developmental Knowledge in Global Climate Governance     Ba Feng  Li Xiaoyun

▍Observation·Society

New Communities and Quasi-Collective Economy   Wang Lisheng

New Communities: More Than a New Industrial Model   Duan Bosen

Quasi-Collective Economy: How Private Enterprises Achieve “Com-mon Prosperity Driven by Early Prosperity”    Zeng Rong  Zhao Daixing

▍Observation·Culture

Scale the Cliff and Conquer the Peak: Chinese Animation (1990~2025) from the Perspective of Technological Periodization

Zhou An’an

▍Worldview

The Convergence of Russian and Western Right-Wing Conservatism    Lin Wenxin

This article examines the unexpected convergence between contemporary Russian conservatism and Western right-wing movements. Despite deep historical, ideological, and geopolitical divides, both sides increasingly resonate around shared anxieties about liberal modernity, identity loss, and institutional distrust. Through the concept of “ideological resonance,” the study shows how Russia leverages traditional values and anti-liberal narratives to shape transnational conservative networks, influencing discourse circulation, policy diffusion, and organizational practices in Europe and the United States. This convergence challenges mainstream theories of soft power and realism, revealing how non-liberal value systems can generate cross-border appeal and reshape emerging geopolitical alignments.