讲解人 · 大仔
原文
The headlines may focus on tariffs or real estate sector, but more subtle trends will define China’s economic trajectory.
There are still opportunities for global executives.
Several key questions will matter as China navigates the global economy.
How will tariff uncertainty shape your China strategy?
China’s manufacturing strength remains intact despite higher U.S. tariffs, as it has broadened its trade partners and now exports more knowledge-intensive goods.
Multinational companies need supply chain flexibility to rewire their operations as quickly as China’s companies can.
Where are Chinese consumers spending?
In 2025, consumer confidence hit historic lows.
Yet Chinese consumers continue to spend — just on different things.
Tourism spending rose 12% in the first three quarters of 2025, while box office revenue jumped 22%.
The opportunity lies in tapping China’s sizable household savings with a compelling value proposition.
Are you ready to face Chinese competitors abroad?
Chinese companies are becoming global cultural exporters.
Pop Mart, the blockbuster Black Myth: Wukong, and Chinese EV brands have all captured global audiences, reflecting a growing “soft power”.
In 2026, expect to face Chinese competitors on your home turf.
Will Chinese AI reshape productivity?
McKinsey Global Institute analysis finds Chinese companies rank in the top ten in 16 of 18 sectors that can drive up to one-third of GDP growth by 2040, with AI playing an enabling role.
As China continues to invest in AI use-cases, a new “DeepSeek moment” might be a sure bet for 2026.
Looking ahead.
What draws companies to China — scale, innovation, and global influence — remain as compelling as ever in 2026.
The winners in China will be those building resilient supply chains, differentiating themselves from the competition, and harnessing innovation.
带着问题听讲解
- 如何理解 trajectory 这个词？
- 为什么尽管美国提高了关税，中国的制造业实力却依然稳健？
- 2025 年，中国的消费重心发生了怎么样的变化？
讲解
重点词汇
pose
/poʊz/
v. 构成；摆姿势
- 搭配短语：to pose for a picture英文释义：to cause something, especially a problem or difficulty例句：Nuclear weapons pose a threat to everyone.例句：Drunken drivers pose a serious hazard to other road users.
subtle
/ˈsʌt̬.əl/
adj. 细微的；微妙的
- 例句：There are subtle differences between the two.例句：Growth and decline are increasingly driven by subtle changes in consumer behavior.
trajectory
/trəˈdʒek.tɚ.i/
n. 轨迹；轨道
- 搭配短语：a missile's trajectory例句：His career seemed to be on a downward trajectory.
navigate
/ˈnæv.ə.ɡeɪt/
v. 设法应对，找到路径；导航，确定方向
- 例句：Some migrating birds can navigate by the moon.英文释义：to find the right way to deal with a difficult or complicated situation例句：Parents today are navigating a whole new set of challenges with social media.
intact
/ɪnˈtækt/
adj. 未受损伤的，完整无缺的
- 例句：The house survived the war intact.例句：After 25 years, their friendship remained intact.
rewire
/ˌriːˈwaɪr/
v. 重装电路
- 例句：You really should have the whole house rewired.例句：Brain scans suggest that meditation may be rewiring their brains to reduce stress.
operation
/ˌɑː.pəˈreɪ.ʃən/
n. 运作，运营，业务
- 相关词汇：operate（v. 运转，运行）英文释义：the activity or work done in a company, or in an area of business or industry例句：The firm is looking to expand its operations overseas.例句：Many companies are transferring manufacturing operations to lower-cost countries.
historic low
历史低点
- 搭配短语：dropped to/fell to a historic low搭配短语：hit/reached a historic low例句：Interest rates have been at a historic low.
tap
/tæp/
v. 利用，开发；开采
- 搭配短语：to tap a rubber tree例句：The oil company tapped that first well completely dry.
household
/ˈhaʊs.hoʊld/
n. 以家庭为单位的经济主体；一家人；家庭
- 搭配短语：the head of the household（户主）搭配短语：household incomes（居民收入）搭配短语：household savings（居民储蓄）
compelling
/kəmˈpel.ɪŋ/
adj. 令人难以抗拒的；令人信服的
- 相关词汇：compel（v. 强迫，强制；规定）
- 例句：Hunger compelled him to eat.
- 例句：At school, we were compelled to wear uniforms.
例句：The novel was so compelling that I couldn't put it down.搭配短语：compelling evidence
capture
/ˈkæp.tʃɚ/
v. 捕获，占领，夺取
- 例句：She captured 60 percent of the vote in the last election.例句：Chinese carmakers captured a record 12.8% of Europe's electric-vehicle market in November.
on someone’s home turf
在自己的主场，在自家地盘
- 相关词汇：turf（n. 草皮；势力范围）相关词汇：home turf（n. 主场）
- 例句：The team is nearly unbeatable on home turf.
例句：Amazon has faced fierce competition from Shein and Temu on its home turf.
enabling
/ɪˈneɪblɪŋ/
adj. 使…成为可能的；带来条件的
- 相关词汇：enable（v. 使能够；让…得以实现）
- 例句：The high-speed rail enables quick delivery of fresh Thai durian to China in just one day.
be a sure bet/ be a safe bet
极有可能发生
- 相关词汇：bet（n. 赌注）例句：It's a safe bet that consumer spending will remain weak this quarter.
resilient
/rɪˈzɪl.jənt/
adj. 有弹性的，适应能力强的
- 例句：This rubber ball is very resilient and immediately springs back into shape.例句：These plants are very resilient to rough handling.相关词汇：resilience（n. 还原能力，适应能力，韧性）
harness
/ˈhɑːr.nəs/
v. 利用；给…上挽具
- 例句：to harness a horse词性拓展：harness（n. 挽具；保护带，安全带）例句：I harnessed myself into the seat.例句：The dam harnesses water power to generate electricity.
拓展阅读
