Editor's Note: As China is busy preparing for the annual two sessions of the National People's Congress (NPC) and the Chinese People's Political Consultative Conference (CPPCC), some Western media have been enthusiastically hyping that the Chinese economy is collapsing. Is the Chinese economy going to fail? What opportunities has China's growth brought to the world? \"China's Economy from a Global Perspective\" is a 10-part series analyzing the above questions. The first essay delves into the prevalence of anti-China biases in the West, drawing from insights shared by Kerry Brown, a professor of Chinese Studies and Director of the Lau China Institute at King's College in London, in an interview with CGTN. While the article primarily reflects Brown's views and does not necessarily represent those of CGTN, we have included additional facts and data for editorial brevity and clarity.
For almost two decades, certain Western experts and institutions have been predicting China's economic collapse. However, during this period, China has continued its growth – experiencing ups and downs like all economies.
Despite pessimistic voices, it is undeniable that China is poised to become the No.1 economy. In many regions of the Global South, China is as influential as the United States, if not more so.
Western economists have largely been incorrect in their predictions about the Chinese economy. Their outlook has been overly pessimistic and often fails to accurately assess the situation. Admittedly, the Chinese economy faces vulnerabilities today, but it also possesses significant strengths. The economy is complex and cannot be dismissed with a simplistic \"collapse\" theory.
Reference(s):
cgtn.com
