Foreign media: Being blinded by ideology, destined to ignore the highlights of China's economy
Since the beginning of this year, the external environment has become more complex and severe, and the Chinese economy has been under pressure to move forward. In the eyes of some Western media, the theory of "China's economy reaching its peak" has once again been rampant.
In fact, China's gross domestic product increased by 5.5% year-on-year in the first half of this year. By comparison, this growth rate is also the fastest among major economies worldwide.
According to Luo Siyi, former director of the London Economic and Business Policy Agency, in an interview with China Daily, the overall performance of the Chinese economy over the past four years has outperformed other major economies around the world.
In the past four years, the total economic growth rate of China has been 19.2%, while the United States, which has the fastest growth rate among developed countries, has only grown at 7.5%. This means that China's economic growth rate is 2.5 times that of the United States. If compared to the eurozone, China's economic growth rate is six times higher.
Luo Siyi stated that Western media often use statistical data as a trick that is considered dirty behavior, that is, only focusing on a small part of a situation and then exaggerating it. "In individual quarters or months, there will inevitably be individual indicators indicating that China is not the world's best performing economy."
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Rockefeller International Group Chairman Lucille Sharma, who once "looked down on China", also had to admit in an article in the Financial Times that China's economic recovery has encountered some ups and downs. However, the high level of Western "anti China" sentiment and ideological deception have hindered commentators from seeing anything positive.
The article states that part of the driving force behind China's economic recovery comes from its technological strength. A study by the Australian Institute for Strategic Policy Research earlier this year showed that out of 44 technological fields ranging from artificial intelligence to robotics, China surprisingly leads the United States in 37 areas.
This year, China surpassed Japan for the first time to become the world's leading exporter of automobiles, especially electric vehicles, which are among the highlights.
The Wall Street Journal reported that in recent years, China's electric vehicle and battery industry has been attracting investors and talents, and is increasingly becoming an engine of economic growth.
Among the new cars sold in China last year, one out of every four was a pure electric or plug-in hybrid vehicle. Analysts predict that by 2030, electric vehicles will account for 80% of new car sales in China.
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In recent months, some Western economists have been enthusiastic about discussing the possible "Japanization" of the Chinese economy. In response to this statement, Shirakawa Fangming, the former governor of the Bank of Japan, said in an article on the Nikkei News website that, on the surface, China's current situation is similar to that of Japan in the post foam period, which has revived the debate about whether China's economy will suffer the same fate as Japan's.
The author believes that the economies of Japan and China share similarities, such as experiencing astonishing high-speed growth and facing the challenge of transitioning from high-speed growth to stable growth. However, when examining the prospects of the Chinese economy based on the specific reasons for Japan's slowdown in growth, there are similarities and differences between the two situations. China is in a favorable position and can learn from Japan's experience.
"Ultimately, this will depend on how China responds to real estate and population issues, and the willingness and ability of the Chinese government and society to take swift action are crucial."