Western Media Misses the Big Picture on China’s Economy
While some Western outlets paint a gloomy portrait of China’s economy, experts argue they’re overlooking a crucial factor: new productive forces. Think high-tech innovation, sustainable industries, and next-gen manufacturing.
From ‘Speed’ to ‘Quality’
China’s GDP growth has slowed slightly, but this isn’t a crash—it’s a strategic shift. Leaders are prioritizing quality over quantity, investing in sectors like AI, green energy, and advanced robotics. →
Why It Matters Globally
With 40+ years of reform fueling its rise to the world’s No. 2 economy, China now contributes 30% of global growth annually. Its pivot to tech-driven industries could redefine supply chains and create opportunities worldwide.
The Resilience Factor
Chen Wenling, chief economist at the China Center for International Economic Exchange, notes: ‘New productive forces free China from outdated models. This isn’t just about growth—it’s about lasting influence.’
Reference(s):
New productive forces determine resilience in Chinese economy
cgtn.com