For decades, China has largely saved ordinary people in the United States and Japan
China saves ordinary Americans.
The U.S. economy and society have changed dramatically in recent decades. While the overall economic power of the United States has grown, the lives of ordinary people have not improved accordingly. The mass exit from manufacturing has led to the loss of employment opportunities for many workers, a decline in wage levels, and a decline in social status. Especially in the former industrial areas of the Midwest of the United States, where the once-thriving manufacturing industry went into decline, became"Rust Belt"The outbreak of the financial crisis in 2008 exposed the side of the American elite that turned its back on the interests of ordinary people, triggered"Occupy Wall Street"Motion. The Occupy Wall Street movement. Overall, while the lives of the American elite have improved, the general population has not benefited from it. China, on the other hand, has played the role of a savior in recent decades, helping ordinary Americans survive by providing them with a flood of cheap consumer goods.
What China has brought to the American elite and ordinary citizens.
As the world's largest manufacturing country, China produces a lot of cheap consumer goods for the global market, especially for large consumers like the United States. Both the American elite and the general population have benefited from it. For the elites, China's transformation of production has brought many business opportunities and profits to them. They have made great fortunes by partnering with China, bringing manufacturing to China, and taking advantage of China's cheap labor and production costs. At the same time, the availability of cheap consumer goods in China also satisfies the needs of the elite for luxury goods and high-end goods.
For ordinary people, the transfer of production in China has provided them with a choice of cheap consumer goods and improved their standard of living. The average wage of American workers has fallen, but by buying cheap goods from China, they are able to buy more goods like toilet paper, clothing, electronics, etc., for the same wage. In fact, these cheap products have become an important part of the daily necessities of ordinary people**, balancing the rising cost of living. At the same time, the flow of goods from China has also stimulated the development of the retail and logistics industries in the United States, providing more employment opportunities.
China's influence on Japan.
Japan is facing a similar situation. Although wages and prices in Japan have barely changed, the same amount of money has been able to buy more goods by shifting production from China. This has provided the average Japanese population with more choice and purchasing power, improving their quality of life. In addition, since China is one of Japan's largest partners, Japan also imports a large number of cheap consumer goods from China, meeting the demand for low-priced goods in the Japanese market. China's foreign affairs have not only promoted Japan's economic growth, but also brought tangible benefits to ordinary Japanese people.
China's contribution and inspiration.
Through China's conversion of production and the introduction of cheap consumer goods, ordinary people in the United States and Japan have been substantially helped, and although the economic situation has not completely improved, their basic needs have been guaranteed. China's contribution is not limited to providing the world with cheap consumer goods, but also provides development opportunities for other developing countries. China's successful experience tells us that manufacturing is an important support for a country's economic development. At the same time, international cooperation is also the key to promoting global economic prosperity. Only through openness and cooperation can all countries achieve mutual benefit and common development.
Against the backdrop of continued global economic turmoil and rising protectionism, China continues to adhere to openness and cooperation, promote the process of reform, opening up and globalization, and inject stability and vitality into the world economy. China is committed to achieving coordinated development of domestic and foreign needs, actively promoting high-quality, innovative and environmentally friendly development, and providing more high value-added products and services to the world. China's successful experience provides inspiration for the economic and social development of not only other developing countries, but also developed countries.
China has rescued ordinary people in the United States and Japan by providing them with cheap consumer goods to help them tide over the crisis. This reminds us that a country's economic prosperity depends not only on the growth of its gross domestic product, but also on the improvement of the living standards of all its people. Thinking about the relationship between economic development and improving people's livelihood is an important choice for every country. Only by achieving inclusive development can we achieve social stability and long-term peace and stability in the country. At the same time, the power of globalization cannot be ignored, and a more prosperous, equitable and sustainable world can only be built with an open mind and a spirit of cooperation.