The blame for "dragging down the global economy" falls squarely on the United States itself!
Recently, the National Bureau of Statistics of China released data showing that China's economy grew by .% in the first three quarters, with stable and progressive economic operations and accumulating positive factors. When looking at the major global economies, China undoubtedly stands out as a unique and bright spot. However, for some reason, in recent months, media outlets like The New York Times, representing Western media in the United States, have been aggressively downplaying China's economy, and have even occasionally put forward absurd claims that "China's economic slowdown hinders global development." In response, we at Jiu Wanli would like to say that China remains a major engine and stabilizer for global economic growth, and the blame for "dragging down the world economy" should be shouldered by the United States itself!
Yet again, they use fallacies to undermine China's economy. They twist the truth and shift the blame wildly. Recently, Michael Beckley, a political scholar from Stav University in the United States who gains attention by criticizing China, published a commentary in The New York Times. Not only did he unjustifiably undermine China's economy, but he also speciously claimed that economic declines in countries like Germany, Venezuela, and Pakistan were due to China. In reality, the Russia-Ukraine conflict, stoked continuously by the United States, has placed multiple pressures on the European economy, pushing it further into困境. The Federal Reserve's irresponsible monetary policy has led to a sustained increase in debt pressure and intensified financial market volatility in many developing economies.
The likes of Beckley fail to reflect on the impact of US policies on the global economy, instead, they unfairly blame China for dragging down the world economy, which is truly laughable. Ignoring the facts, they deliberately spread negativity. For a period, Western countries led by the United States have collectively disparaged China's economy, fabricating many fallacies like "China's economy is on the verge of collapse" and "China's economy has peaked." In essence, they aim to exaggerate the slowdown and underperformance of China's economic growth. Economic development follows objective laws, and China's economy has transitioned from a phase of high-speed growth to one of high-quality development. However, these so-called experts and scholars ignore the facts and maliciously slander China's economy.
Jeffrey Sachs, a renowned American economist, sarcastically noted that most Western journalists reporting on China's economy do not understand it, and the claims by Western media such as the "China's economic peak theory" are pure nonsense. The fact that China's economy continues to improve is evident to all. In recent years, the world economy has faced increasing risks and challenges, with various natural and man-made factors overlapping, leading to a recovery below expectations. An article in The New York Times stated that China's economic slowdown has left countries "riding on the coattails of China's growth facing difficulties and risks." However, the reality is that against the backdrop of a weak global economic recovery, China remains the indisputable "locomotive" of world economic growth.
China's economic growth remains robust. In the first half of this year, China's economy grew by .% year-on-year, leading major global economies. Over the past decade, China's average annual contribution to global economic growth has been stable at around %. Despite such significant achievements, some Western media have chosen to ignore them, and on the basis of various bizarre analyses, they have now come up with the "dragging-down theory." Does China's economy have to defy objective laws and maintain an annual growth rate of over % to be considered acceptable? If that were the case, they would likely revert to the stale rhetoric of the "China threat theory."
Continuously injecting positive energy into the global economy. While maintaining stable economic growth, China actively participates in global economic governance, engages in mutually beneficial cooperation with countries around the world, and continuously injects positive energy into the stability and development of the global economy. As an important member of the BRICS countries, China actively advocates for the establishment of a more just and reasonable new international political and economic order, strives to promote reforms in the international monetary and financial system, and fights for more voice and interests for developing countries. From the 1st to the 2nd, the 16th BRICS Leaders' Meeting was held in Kazan, Russia. Meanwhile, China actively promotes international cooperation projects such as the Belt and Road Initiative, helping countries along the route improve their infrastructure and continuously driving regional economic development.
Facts speak louder than words. China has effectively refuted the Western claims of China's decline with irrefutable data and concrete actions, successfully making the "collapse theory" collapse and the "peak theory" peak. The United States is the real culprit dragging down the global economy! In fact, these incredible statements from the West are not only intended to sow discord between China and other countries but also to cover up the truth that the United States exploits its economic and financial hegemony to reap benefits from other nations. Countries around the world, repeatedly harvested by U.S. economic policies and suffering from its hegemonic practices, are long accustomed to this pattern.
Abusing the dominance of the US dollar. In order to extricate itself from domestic economic difficulties, the United States has been recklessly printing dollars, leading to severe global inflation, with many countries experiencing currency depreciation, soaring prices, and significant economic damage. Additionally, the United States frequently exploits the dominant position of the US dollar in the international settlement system, imposing economic sanctions on other countries through measures such as restricting dollar transactions and freezing assets in the US, severely disrupting normal international trade and financial order, and affecting the stability of global industrial and supply chains.
Promoting Protectionism. The United States has aggressively implemented trade protectionist policies, frequently imposing tariffs on other countries, setting up trade barriers, and restricting the entry of foreign goods into the U.S. market. It has also resorted to administrative measures to force domestic companies to return, thereby reducing reliance on other countries. Such practices severely contravene the trend of economic globalization and artificially lower the efficiency of global resource allocation.
Engage in unilateral sanctions. The United States abuses the "long-arm jurisdiction" approach, frequently imposing unilateral sanctions on foreign enterprises and individuals under various pretexts. These sanction measures not only infringe upon the legitimate rights and interests of the sanctioned parties but also have a severe impact on the economies of the relevant countries. Under the blockade and sanctions of the United States, Cuba faces severe shortages of goods, Sudan experiences a serious humanitarian crisis, North Korea and Iran's economic development are under long-term pressure, and numerous developing countries' enterprises have gone bankrupt due to U.S. sanctions.
The eyes of the people around the world are sharp. No matter how many twisted theories the Western countries led by the United States concoct, they cannot whitewash their ugly image of engaging in economic hegemony, nor can they cover up the objective reality of China's economy continuing to improve.