www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

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 opinion@chinadaily.com.cn, and comment@chinadaily.com.cn.

 

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: 欧美xxx国产xxx | 亚洲美女一级片 | 精品国产一区二区三区免费 | 亚洲成人福利网站 | 成人区视频爽爽爽爽爽 | 久久精品久久精品久久精品 | 久久伊人成人网 | 国产一区二区三区四区在线 | 波多野结衣在线不卡 | 国产精品99精品久久免费 | 国产性videostv另类极品 | 中文字幕亚洲一区二区v@在线 | 那里有黄色网址 | 欧美国产日韩一区二区三区 | 亚洲欧美视频网站 | 啪啪一级片 | 精品视频自拍 | 日本午夜高清视频 | 亚洲欧美一区二区三区 | 日韩美香港a一级毛片 | 综合亚洲欧美日韩一区二区 | 欧美黄网站 | 亚洲精品一区二区三区在线观看 | 欧美日韩中文字幕在线视频 | 日本www在线播放 | 国产欧美在线一区二区三区 | 一级成人 | 免费看一级 | 久草在线免费新视频 | 国产欧美日韩综合一区二区三区 | 一级做a爱片特黄在线观看 一级做a爱片特黄在线观看免费看 | 在线播放波多野结衣 | a级淫片 | 国产午夜精品免费一二区 | av大片| 日韩视频在线观看中字 | 九九精品视频在线播放8 | 久久精品国产400部免费看 | 萌白酱粉嫩jk福利在线观看 | 三级黄色在线 | 中文字幕视频在线 |