Actually, the US Is the Biggest Risk to Global Economic Recovery

Recently, some American and Western politicians, as well as the media, have switched tactics to try and discredit China, falsely claiming that China’s economic slowdown may pose risks to global economic development. Such arguments are not new. Whenever China’s economic indicators show signs of fluctuation, the voices of naysayers can be heard in full force, but are all ultimately proven wrong by reality. China’s development model is effective and stable. Regardless of how some may try to smear or badmouth it, that will not change the bright future of China’s economy, and China remains an important engine of world economic growth.

Looking at the arguments of China naysayers, it is not difficult to see that certain Western politicians and media are always biased, trying hard to find fault with China’s economic data by cherry-picking one-sided and short-term information to slander China’s economy and disrupt confidence in its development. However, not only has China’s economic development never failed, but it has continued to improve, embarrassing the naysayers time and time again.

At present, global inflation continues to spread, financial markets are in turmoil, debt pressure is rising and economic recovery is sluggish. The economies of all countries face no small challenges. Take the United States, for example. Recently, global credit rating agencies have successively downgraded the relevant ratings of the United States. According to American media, this reflects the failure of U.S. political leadership. Meanwhile, others in the West and U.S. took this chance to push criticisms of China once again, using it as a means of diverting attention and trying to bridge the cracks in society caused by the gap between rich and poor, racial conflict, etc.

In fact, it is the United States which is the main culprit of global economic risk. For a long time, the United States has relied on the hegemony of the American dollar to disrupt the global economic market as it pleases and export financial risk. In order to protect its economic interests and economic status, it frequently abuses sanctions, indiscriminately applies trade protectionism and constantly provokes geopolitical conflicts, disrupting the global supply and industry chain and causing shock and damage to the world economy. Since the beginning of this year, American banks have collapsed, one after another, surprising the global market, while the negative effects continue to spill over. Who the source of world economic turmoil is and who poses a risk to world economic development is clear from these events.

China’s economy has resilient development and great potential, with few changes in its long-term improvements. Some people in the United States and the West deliberately magnify the temporary problems in China’s process of economic recovery, trying to badmouth China against logic and reality. This will neither change the international community’s confidence in the long-term development of China’s economy, nor will it stop the trend of various parties strengthening open cooperation with China, nor can it stop the thundering pace of the Chinese nation’s great rejuvenation.