From the current point of view, the pressure and predicament faced by China's economy is really not small, and many overseas ** articles are bearish on the prospects of China's economic development. Wall Street** said that China's 40-year boom has come to an end. This year, Singapore's Lianhe Zaobao published an article titled China's economic signals are disturbing, and the content is also empty and gloomy about China's economy. The domestic ** is relatively calm.
For the many difficulties faced by the economy, no expert or ** dares to speak out. Now, to put it simply, it's not necessarily entirely true, I just want to discuss it.
If we want to discuss the problems of our economy, we must understand the composition of our economy. As you know, the troika of China's economy is investment, export, and consumption.
Before 2008, the consumer market was dominated by the United States, which was the dominant and driving force of the global economy. The United States relies on the dollar hegemony system to issue a large number of dollars to reap the world's interests. We know that a large number of low-end industrial products and consumer goods produced in China's coastal areas are basically sold to the United States and Europe, and these items have created a large number of foreign exchange and a large number of jobs, in exchange for the rapid growth of GDP in the early days.
However, since 2008, the subprime mortgage crisis has erupted in developed countries, led by the United States, which has affected the global economy. At that time, in order to get out of the impact of the economic crisis, we dispatched a 4 trillion rescue plan, but it was not the first to save the market, but the real estate market, it was infrastructure, and the funds were not invested in R&D and technological development.
The rapid development of China's infrastructure has brought another problem, when all the funds are pouring into the land finance, housing prices will also rise with the tide, so that the leverage ratio of our real estate remains high, and China's economy has officially become an economic framework with real estate and infrastructure as the main body.
In this way, the opportunity for us to complete the rapid upgrading of the industry has disappeared. At that time, it was a good time for our country to upgrade its industry and technology, and at that time, our relations with various developed countries in the West were not bad, and they did not sanction us, and the technological blockade against us was relatively relaxed. It's a pity that the timing has been missed.
In fact, strictly speaking, China has never given up the efforts of industrial upgrading, and has made a lot of achievements in the field of science and technology in recent years, such as high-speed rail, automobiles, machine tools and other high value-added products. If industrial upgrading can go smoothly, if external pressure and sanctions are not as fierce as they are now, the problem of our high debt will be easily solved, but unfortunately there is no if.
Now, the United States and its allies are not just sanctioning us, they are eyeing us and ready to strike us a fatal blow. In high-tech fields such as semiconductors, photovoltaics, and lithography, they are increasingly suppressing us, and at this time, the United States has begun to engage in industrial reshoring, resulting in a significant reduction in our foreign trade orders and a large number of unemployed. The implementation of these measures by the United States has led to a large amount of capital flowing into the United States from all over the world, and the double killing of the minmin, exchange rate and the United States.
At present, most of the bottlenecks in China's economic development are still caused by the Western capitalist countries led by the United States, in other words, it is still difficult for us to break through their blockade, which is why we have recently had to establish good relations with the United States.
Although at present, our relations with the United States have eased somewhat, the developed Western countries led by the United States will absolutely not give us another chance.
The road is long, I will go up and down and seek, this Qu Yuan's philosophy of life, will also become the general law of our development. We must vigorously develop high-tech industries, and we will certainly get rid of the blockade of Western reactionaries. (*From the Internet, if there is infringement, please contact to delete).