Economic Supremacy and Competition of China in the Context of Industry 5.0 and the Contemporary World Order: Current Development and Possible Solutions

Zhanerke Y. Ospanova

Chapter 50 in The Sustainable Development of the Entrepreneurial Economy in the Fifth Industrial Revolution, 2026, pp 589-599 from World Scientific Publishing Co. Pte. Ltd.

Abstract: Nowadays, the world is influenced by phenomena and factors that sustain stable development within the framework of Industry 5.0, digitalization, and the contemporary world order, emphasizing the necessity of implementing strategic approaches and directions to developing countries in this new era. This research analyzes and evaluates indicators and strategic directions highlighting China’s pursuit of economic supremacy and maintaining competitive standing under the conditions of the contemporary world order, Industry 5.0, and digital reality. The author attempts to present a new scientific perspective on the issue of China’s economic supremacy and competition in the long term, proposing potential pathways for resolution. The theoretical and methodological findings of this research make it possible to develop a potential scenario forecast for identifying optimal methods to ensure sustainable economic development, entrepreneurship, and China’s economic dominance and competitiveness in the global economic landscape, the world order, and Industry 5.0. The research demonstrates a prospective scenario for ensuring sustainable economic development, economic supremacy, and competition for China. This scenario could serve as a methodological tool of the original design, offering scientific justification, practical significance, and an applied approach to addressing the issues explored in this research while aligning with China’s progressive actions and strategies.

Keywords: Sustainable Development; Entrepreneurship; Innovation; Technology; Information Management; Organizational Behavior; Industrial Organization; Entrepreneurial Economy; Fifth Industrial Revolution; Cause-and-Effect Relationships; Fourth Industrial Revolution; Digital Technology; Industry 5.0; Operations Management; Operations Research; Supply Chain Management; Fintech; Cryptocurrency; Blockchain; Economics and Finance; Corporate Governance; Technological Environment; National Economy; State Management; Corporate Management; Agro-Industrial Complex 5.0; Fuel and Energy Complex 5.0; BRICS; EAEU; Central Asia; Social Responsibility; Digital Competitiveness; Digital Energy; Entrepreneurial Universities 5.0; Machine Learning; Cyber-Social System; Smart Company; Management of AI; Automatization; Decision-Making in Entrepreneurship; Big Data; Blockchain Finance; Robotisation Of Production; Applied Technological Solutions; Smart City; Local Entrepreneurial Economy; Modernisation; Institutes of Globalisation; E-Government; Innovative Economy; Knowledge Society; BRICS+ (search for similar items in EconPapers)
JEL-codes: L26 O33 Q01 (search for similar items in EconPapers)
Date: 2026
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