This lecture by the instructor delves into the intricacies of the Chinese economy, exploring topics such as the reliability of statistics, the impact of the trade war with the USA, and the global value chains. It also discusses the consequences of the trade war on GDP forecasts, the technological divide between the US and China, and the evolving global trade networks. The lecture analyzes the trade balance of China, the economic centre of gravity, and the complex global value chain networks in the ICT sector.