Overseas online review: The hype about "China's collapse" will only be met with reality's criticism

Data image: Aerial photography of the working scene at Guangzhou Nansha Container Terminal

"The Chinese economy contributes one-third of the world's economic growth, and the International Monetary Fund appreciates China's strong measures to promote economic growth. It is willing to further strengthen cooperation with China." "Australia and China have strong economic complementarity, and both sides have broad common interests." "Danish companies attach great importance to and are optimistic about the Chinese market, and look forward to investing and developing in China." In recent times, many foreign politicians, executives, and heads of international institutions have expressed their willingness to strengthen economic and trade cooperation with China and their expectations for the Chinese economy during their visits to China. This not only supports and supports the Chinese economy, but also responds to the "China collapse theory" with practical actions. ". As Chinese Foreign Ministry spokesperson Mao Ning said, "The Chinese economy has not collapsed, but rather the 'China Collapse Theory' has repeatedly collapsed."

Since 2023, the recovery of the Chinese economy has been a wave like and tortuous process, inevitably facing difficulties and problems in development. The Chinese economy has strong resilience, great potential, and abundant vitality, and its long-term positive fundamentals have not changed. The Chinese economy will continue to provide a continuous source of power for the world's economic recovery and growth.

The high-quality development of the Chinese economy has been solidly promoted, and there are many new highlights of economic development. Taking new energy vehicles as an example, at the recently concluded 2023 Munich Auto Show, the number of Chinese exhibitors doubled compared to the previous year. Many new electric vehicles launched by Chinese brands made their debut in Europe, and multiple flagship models attracted widespread attention. The Chairman of the Board of Directors of Mercedes Benz AG in Germany, Kang Linsong, stated that "Chinese brands have established a foothold in the domestic market and are beginning to try to showcase their skills in the international market, which is a natural development process." The attention Chinese exhibitors received at the Munich Auto Show is precisely a microcosm of the development of new energy vehicles in China. According to statistics from the China Association of Automobile Manufacturers, from January to August this year, the production and sales of new energy vehicles in China reached 5.434 million and 5.374 million, respectively, with year-on-year growth of 36.9% and 39.2%. Driven by the strong growth of new energy vehicles, China's automobile exports in the first half of this year surpassed Japan and jumped to the world's first place. The rapidly developing new energy vehicles in China are not only becoming a strong growth point for the Chinese economy, but also an example of China's efforts to improve economic quality and efficiency, and achieve high-quality development.

China is promoting high-level opening-up to the outside world and continuously promoting high-quality economic development. At the just concluded China International Fair for Trade in Services, 83 countries and international organizations held exhibitions in the name of governments or headquarters, an increase of 12 from the previous session, with 8 countries and international organizations holding exhibitions for the first time. The internationalization rate of offline exhibitors exceeds 20%, including more than 500 Fortune Global 500 and industry leading enterprises, covering 28 top 30 countries and regions in service trade. As of noon on the 6th, more than 1100 achievements have been achieved, with a total of nearly 280000 attendees. Such extensive international participation once again proves that the door to China's opening up is widening, and China's "circle of friends" is further expanding. The great enthusiasm of countries, multinational corporations, and international organizations in participating in the Fair for Trade in Services not only reflects the international community's confidence in the stable development of the Chinese economy, but also teaches a lesson to those who criticize the Chinese economy.

Recently, China has also adopted a series of stimulus measures to boost its economy, including further opening up to foreign companies. On August 13th, the State Council issued the "Opinions on Further Optimizing the Foreign Investment Environment and Increasing the Attraction of Foreign Investment", proposing 24 targeted and high-value policies and measures to stabilize foreign investment from six aspects, including improving the quality of foreign investment utilization and ensuring the national treatment of foreign-invested enterprises, focusing on further optimizing the foreign investment environment and increasing the attraction of foreign investment. A German television website wrote that for German companies, China's relaxation of market access will be very popular. Jens Hildebrand, Executive Director of the German Chamber of Commerce in North China and Northeast China, stated that the Chinese government is implementing its commitment to provide assistance to foreign-funded enterprises. "This is an important thing because in the face of the current global downturn in the market atmosphere, the economic community needs such a signal."

In fact, some Western countries criticize the Chinese economy solely based on individual, local, and short-term fluctuation data to judge the overall situation. They exaggerate and hype up the stage problems in China's post epidemic economic recovery process, attempting to "pour cold water" on the Chinese economy, and attempting to "extinguish" the international community's confidence in the Chinese economy, and "lower" the international community's expectations for China's economic development. However, looking back at the past, there have been repeated voices that have criticized the Chinese economy and advocated for the theory of China's collapse. However, the Chinese economy has always been like the ocean, surging and profound.