In this episode of the ChinaPower Podcast, Dr. Elizabeth Economy examines the key outcomes of China’s Fourth Plenum and what they reveal about Beijing’s evolving economic priorities and push for technological self-reliance ahead of the release of the 15th Five-Year Plan. She discusses China’s strategy in the U.S.-China trade war, including its expanding retaliatory toolkit, rare-earth export controls, and the global pushback triggered by China’s industrial overcapacity. She concludes by assessing how domestic pressures and external frictions will shape China’s policy direction and its economic engagement with the United States over the next few years. Dr. Elizabeth Economy is the Hargrove Senior Fellow and co-chair of the Program on the US, China, and the World at the Hoover Institution. From 2021 to 2023, she served as the senior advisor for China in the Department of Commerce. Dr. Economy was previously at the Council on Foreign Relations, where she served as the C.V. Starr Senior Fellow and director for Asia Studies for over a decade.