China 2024: Recognizing economic realities amidst Western fiction
Tanzania, March 12 -- BY CGTN
There is a real gap between what we read in Western press and academic journals about the current state of the Chinese economy and the reality itself.
For those who live in the countries of the Global North, China seems to be experiencing a major crisis that in itself signifies the first signs of exhaustion of its "model." For them, this is a "lesson": China should emphasize more on the role of consumption to replace an outdated model based on exports and investments.
But in reality, what we saw was an economic growth of 5.2 percent. Meanwhile, the United States saw 2.5 percent growth, Japan 1.9 percent, and France 0.9 percent, while the United Kingdom and Germany experienced negative growth of -0.1 percen...
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