'New champions' and China growth in focus of WEF meeting

At the 2025 World Economic Forum in Tianjin, China pledged to shift from export-led growth to a consumption-driven economy, but faces skepticism amid overinvestment and weak consumer confidence.

Despite a 6% retail sales boost in May, the rebound leans on short-term fixes, raising doubts about long-term stability once U.S. tariff relief ends.