Inside China’s Two-Speed Economy

In Fortune, BCG’s Carol Liao explains the “two speeds” at which China’s economy seems to be operating, as domestic demand lags behind export-led growth. Liao expects China’s economy to stabilize or grow through the rest of the year, driven primarily by an export boom unlike previous cycles. “It’s not the traditional, low-value-added stuff,” she says. “It’s advanced manufacturing, related to the AI investment boom.”