The global transition stands at a critical crossroads. A decade after the Paris Agreement climate impacts are accelerating: 2024 was the hottest year on record, with direct climate damages reaching USD300bn and broader economic losses in the trillions.
As China prepares its next five-year plan (2026-2030), it faces multiple threats to its economic model, from the ever-fragmenting global order to the AI race and the domestic threat (or reality) of Japanification.
