The past decade has shown the limits of China’s investment-driven growth model. To continue its economic rise, the world’s second largest economy needs to rely more on the purchasing power of its massive middle class, economic analysts contend.   “China doesn’t need to build as fast and excessively as in the past," Chinese economics journalist Wu Chen told Global Business Journalism students. "China needs to move from an investment-led economy to a consumption-driven econom

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For most of human history, governments have taxed goods crossing their borders. Tariffs have financed empires, protected domestic industries, and punished foreign rivals. They’ve sparked wars, crashed economies, and redefined alliances. Yet the tariff war between the U.S. and China doesn’t fit neatly into any of the old molds. Rather than being a tool to nurture domestic industry or fill government coffers, tariffs are now being wielded as weapons in a sprawling contest over