Posted 12/11/2023, 7:01:23 AM
China's Economy Still Growing Despite Rumors of Collapse
- Rumors of China's economic collapse are greatly exaggerated; the economy continues growing steadily
- Recent data shows expansion in services sector and a rebound in exports
- China is making advances in semiconductor technology that may undermine Western competitors
- Bearish Western media narratives on China's economy risk discrediting themselves
- Such narratives may make some Westerners feel good but they do not help policymakers or businesspeople engage rationally with China's economy