久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

Global EditionASIA 中文雙語Fran?ais
Opinion
Home / Opinion / Featured Contributors

China's economic resilience: Beyond Western misconceptions

By Xu Ying | chinadaily.com.cn | Updated: 2023-08-18 14:16
Share
Share - WeChat
Containers are unloaded from a ship at a port of Qingdao, East China's Shandong province. [Photo/Xinhua]

Recent claims by some Western politicians and media outlets alleging that China's economic slowdown could jeopardize global growth deeply misconstrue realities. These distorted narratives warrant reflection. Evidence clearly contradicts descriptions of faltering Chinese growth. Furthermore, propagandized portrayals of looming "China collapse" theories reveal more about internal Western anxieties than actual Chinese economic conditions. Objective examination of China's durable economic foundations and adaptable policies paints a far more resilient picture at odds with superficial "doomsaying".

Statistics solidly refute allegations of major Chinese slowdown. In H1 2022, China's GDP grew 5.5% year-on-year, faster than 2021's full year expansion of 3% and the 4.5% average throughout the 3-year pandemic period. This significantly exceeded US growth by over 3 percentage points. The IMF projected 5.2% Chinese growth in 2022, contributing to one-third of global growth. Claims of dramatic deceleration sit uneasily against such data.

Likewise, closer inspection rebuts notions of faltering fundamentals. China's consumption contributed 110.8% to H1 growth, up 59.4 percentage points annually, with final consumption up 46.4 points to 77.2% of growth. Industrial upgrading continued apace, with 11.5% and 23.1% January-July jumps in high-tech and technology service investment respectively. Despite trade headwinds, exports held a steady market share as new photovoltaic capacity soared over 50% of new total installation. These hardly indicate an economy teetering on the brink.

Of course, post-pandemic recovery was never an assured smooth linear progress. However, China's highly adaptable governance repeatedly demonstrated the capacity to course-correct through pragmatic problem-solving adjustments, not rigid dogmatism. Recent welcomed policies boosted consumption, entrepreneurs and foreign investment manifest. Perfection cannot reasonably be demanded amidst global volatility. But data shows China's economy displaying resilience within an erratic world.

Especially dubious are recurring Western ruin scenarios of a "hard landing" or "Lehman moment" toppling China. Such alarmism reveals less about China than deep-seated Western anxieties. Some perceive any relative loss of US primacy as a civilizational defeat, blinding them to multipolar realities. China's rise disrupts their internalized hierarchies, provoking primal fears of upended status. Therefore, they spout emotively distorted narratives transcending mere economics or geopolitics.

This phenomenon is nothing new. Rising powers inevitably encounter resistance from incumbent leaders. America's earlier ascendance similarly spooked British empire defenders. Now, Sino-US competition leads some to promote improbable collapse theories more reflecting cultural angst than economics. Their rigid tunnel vision misses China's adaptive capacities.

Functionalist analysis demonstrates modern China's resilience better than ideological tropes. Its developmental model has already sailed through multiple global crises. Pragmatic policy adjustments continuously adapt to shifting winds. And its domestic scale provides a buffering capacity. Structurally, China's current position seems far from perilous. Of course economies move in cycles and future slowdowns are inevitable, but obituaries remain premature.

In truth, the West's China narratives reveal more internal fracture than external threats. The real "China crisis" lies in Western loss of confidence and direction. Coping with relative declines and populist divisions at home understandably seems easier when projected outwards through exaggerated fears of rising challengers abroad. But indulging such distortion risks becoming counterproductive self-sabotage.

Obsessively attacking everything Chinese out of displaced inner turmoil leads to nowhere productive. Progress depends on the West rediscovering systemic self-confidence and purpose. Trying to thwart China addresses symptoms rather than causes. Fixating on unlikely ruination scenarios only highlights one's own weakness. As the old proverb says:"When the wind changes direction, there are those who build walls, and there are those who build windmills."

The author was counselor at the Chinese embassy in Switzerland. The views don't necessarily reflect those of China Daily.

If you have a specific expertise, or would like to share your thought about our stories, then send us your writings at [email protected], and [email protected].

 

Most Viewed in 24 Hours
Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 亚洲看看 | 国产在线不卡视频 | 亚洲精品综合一区二区三区在线 | 亚洲va久久久噜噜噜久久狠狠 | 欧美日韩一区二区综合 | 亚洲国产欧美国产综合一区 | 在线欧美一区 | 99免费在线观看 | 久草视频播放 | 最新精品在线视频 | 中文字幕国产视频 | 日韩一级视频在线观看播放 | 国产精品揄拍一区二区 | 免费看一级欧美毛片视频 | 三级a黄| 欧美三级三级三级爽爽爽 | 免费观看欧美一级牲片一 | 99久久99热久久精品免费看 | 三级毛片基地 | 中文字幕在线视频网 | 欧美成人做性视频在线播放 | 欧美成人a大片 | 亚洲欧美日产综合在线看 | 欧美一级二级毛片视频 | 欧美成人自拍 | 免费国产成人 | 日韩美女一级毛片 | 1024香蕉国产在线视频 | 91久久国产成人免费观看资源 | 亚洲一区二区久久 | 欧美一级高清免费播放 | 成人爽a毛片在线视频网站 成人爽爽大片在线观看 | 一级一片免费看 | 国产精品无圣光一区二区 | 米奇777色狠狠8888影视 | 99久久精品国产亚洲 | 欧美在线视频精品 | 欧美一级做| 日韩久草| 久久精品国产在爱久久 | www.日本高清视频.com |