More from the article ...

... Despite escalating trade friction with the United States and other countries, Chinese leader Xi Jinping has signaled that his top economic priority is boosting China's manufacturing prowess with across-the-board technological innovation " reflecting confidence that Beijing's current course is a winning one.

While details of the country's new five-year plan, covering 2026 to 2030, will be released in coming weeks and months, the main pillars of its industrial policy are clear: increase China's self-reliance in advanced technologies, while expanding overseas markets to fuel export-driven growth. ...

OK, from what I have heard, China's economy has two distinct parts.

The internal economy, i.e., the people of China doing things liek spending money.

The external economy, i.e., other countries buying Chinese goods.

OK, with that distinction n mind, the internal economy looks to be having some significant difficulties.