Editor's Note: China's economy remains a key force in global growth, innovation, and trade. What role will China play in the next phase of the global recovery? How are technological innovation and evolving consumer trends reshaping the world's second-largest economy? In this edition of the program, host Huang Jiyuan is joined by Edward Tse, founder & CEO of Gao Feng Advisory Company; Andy Mok, author of "The Innovation Machine: How China Creates and Adopts Technology Through Governance"; and John Gong, professor of Economics at the University of International Business and Economics. The conversation looks into the future of global supply chains, the limits of "decoupling" and "de-risking," and the significance of the Fourth China International Supply Chain Expo. The guests delve into why multinational companies continue to expand their presence in China and how the country is evolving from a manufacturing hub into a center for innovation, research, and development. The program further examines China's changing consumer landscape, from booming tourism and cultural experiences to new spending patterns among younger generations.