As China celebrates 75 years since the founding of the People's Republic, its economic journey sparks fiery debates worldwide. From a war-torn nation to a global powerhouse , China's rise has defied expectations—but Western skeptics still peddle 'collapse' theories. Are they missing the bigger picture?
In a Global South Voices special, experts clashed over this trillion-dollar question. Salman Shah, Pakistan's ex-finance minister, praised China's 'no-strings-attached' development partnerships. Meanwhile, Africa-China specialist Farhana Paruk highlighted how infrastructure projects like railways are 'rewriting trade maps .'
But what about those pesky doom forecasts? Wang Wen of Renmin University fired back: 'Every 'China collapse' headline since the 90s has aged like milk .' Belt and Road Initiative leader Tan Sri Ong Tee Keat added, 'Common prosperity isn't a zero-sum game—it's creating new growth chapters across Asia.'
With 40% of global growth last year tied to China, this debate isn't just academic. As one panelist quipped, 'Betting against China's economy is like ignoring gravity—you might float for a sec, but reality always wins. '
Reference(s):
cgtn.com