China’s new economy stalls

The new economy of China is stalling amidst trade war and economic slowdown. The concept of ‘new economy’ is loosely applied to a wide range of industries from advanced manufacturing and artificial intelligence, to web-based tourism and fintech.

Chinese Premier Li Keqiang in 2016 officially raised the idea of new economy. It referred to new types of businesses that are empowered by the internet, right from online sho....