Wearing a top hat again?British authoritative media China s economy surpasses the United States, why

Mondo Finance Updated on 2024-01-30

Recently, the authoritative Financial Times published an eye-catching articleInternationalComment, called ChinaEconomyhas surpassed the United States. This view has attracted widespread attention and controversy. In fact, it is not only Russia's Putin and a few others who agree that China has surpassed the United States, but in fact many of themEconomyAcademics and statistical agencies still believe that the United StatesEconomyIt's even more powerful at the moment. So why do British scholars make this point?What is the basis for their views?

The central point of the British scholar Giles is that the appreciation of the dollar is the cause of the United StatesEconomyKey growth factors: However, some in the WestEconomyScientists have a different opinion on this, they believeCurrencyThe appreciation isEconomyStrong performance, but also representedInternationalcapital on the countryEconomyRecognition. It's like the dollar is strong because of the United StatesEconomyStrong as well. Giles, however, takes the opposite view. He thinks ChinaEconomyThe basis of growth is to focus on production, resources and exports, with countries such as Japan and South KoreaEconomyGrowth is fundamentally different, especially in contrast to the United States. AmericanEconomyDevelopment mainly depends on the tertiary industry and financial markets, through manipulationEconomyand maintain huge defense spending as well as dollarsInternationalPay status to achieveEconomyLeading. In contrast, the Chinese oneEconomyDevelopment is more entity-orientedEconomydevelopment. Therefore, Giles believes that the ChineseEconomyGrowth is fundamentally different from that of the United States.

Despite the widespread controversy surrounding Giles's views, we cannot ignore some of the key factors. For China, comparisons based on population numbers are not entirely fair. After all, China has a population of 1.4 billion, while the United States has only 300 million. From the perspective of per capita consumption level, there is a large gap between the two. Therefore, just willEconomyThe total amount may not be accurate as a criterion. This is also why many WesternersEconomyScholars have continued to belittle ChinaEconomyOne of the reasons.

The Financial Times article may have hinted at what the West is rightThe rise of ChinaThe psychology of jealousy. For the past few hundred years, Western countries have been globalEconomyand China's rapid rise has disrupted this pattern. However, China does not pursue fame and fortune, it insists on following its own path of development. However, Western countries often stickChina Threat Theorylabels, trying to limit China's development. For example, the United States has been trying to bring China into the G2 framework to co-dominate world affairs. These behaviors are all rooted in Western countriesThe rise of Chinaof uneasiness and fear.

China has always adhered to the principle of "taoguang and obscurity", and does not pursue false fame and rankings. Our primary goal is to ensure the well-being of 1.4 billion people. Although according to some algorithms ChineseEconomyThe total may surpass that of the United States, but we do not pursue these empty honors. We are willing to face our actual situation honestly and promote it with practical actionsEconomyand the development of society.

China is still a developing country, and we cannot deny this fact. ChineseEconomyTremendous achievements have been made in development, but we still face many difficulties and challenges. We need to shiftEconomydevelopment mode, promote innovation and technological progress, and promote the realization of high-quality development. We need to pay more attention to sustainable development, protect the environment and resources, and promoteEconomylong-term stability.

At the same time, as a developing country, we need toInternationalorganization and other countries' support and assistance. InternationalThe organization should treat China with the principle of equality and justice, and provide us with the necessary assistance and support so that we can better solve the problems and challenges in development.

Overall, the FT's views are not widely shared, and claims that China's economy has surpassed the United States remain controversial. Despite the ChineseEconomyDevelopment is rapid, but we are still a developing country and face many challenges and difficulties. We need to keep pushing hardEconomysustainable development, but also needsInternationalSupport and assistance from the community. As for Western countries, they should look at China's development more objectively and respect China's right to follow its own development path.

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