Alice Han

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Welcome to China Decode.

I'm Alice Han.

In today's episode of China Decode, we're discussing the IMF warning China to pivot as the U.S.

Supreme Court reshaped the trade war, how China's emerging as a global hub for medical tourism, plus how Seedance 2.0 could be the future of filmmaking and a threat to Hollywood as we know it.

All that is coming up.

But first, let's take a look at how the Chinese markets are starting the week.

The Shanghai Stock Exchange was closed for Lunar New Year.

The Hang Seng H-Share Index surged 2.5% on hopes that the US tariff decision will relieve trade pressure on China, but more on that later.

The Hang Seng Tech Index rose 3.3%, one of its best trading days this year.

Chinese chipmaker Semiconductor Manufacturing International Corporation, or SMIC, closed the day up 5%, and tech giant Alibaba closed up 3.5%.

All right, let's get into it.

The International Monetary Fund just released a major report on China with a very, very clear message.

The export-driven model has run its course.

China grew 5% last year, but the IMF projects growth slowing to 4.5% this year and warns the current strategy for China just isn't sustainable.