Current location:Stellar Sights news portal > health
Commentary: Hidden agenda behind hype of China's "overcapacity problem"
Stellar Sights news portal2024-05-21 18:18:12【health】7People have gathered around
Introduction(Xinhua) 13:04, April 02, 2024Robots weld bodyshells of cars at a workshop of Chinese electric vehic
Robots weld bodyshells of cars at a workshop of Chinese electric vehicle (EV) maker Li Auto Inc. in Changzhou, east China's Jiangsu Province, Jan. 10, 2024. (Xinhua/Ji Chunpeng)
This new variant of "China threat" theory is just a pretext for certain Western countries to poison the environment for China's domestic development and international cooperation and take more protectionist measures for their own industries.
BEIJING, April 2 (Xinhua) -- While China-bashing is nothing new in the West, a new target of the incessant firepower has emerged of late: China's manufacturing capacity.
While it is just basic economics that surplus products naturally seek out markets elsewhere once domestic demand is met, and Western nations have been doing that for centuries, when it comes to China, it becomes an "overcapacity problem" threatening the world.
The double standard here is glaring; so is the West's calculations beneath it.
This new variant of "China threat" theory is just a pretext for certain Western countries to poison the environment for China's domestic development and international cooperation and take more protectionist measures for their own industries.
A fundamental fallacy of such "overcapacity" accusations is that rather than a threat, China's great manufacturing capacity has been a positive force for the world, developed countries included.
For starters, as the world's factory, the Asian country has helped people around the globe enjoy a better life at a lower cost. Even for the United States, Chinese imports have played an important role in keeping the prices of consumer goods low over the past few decades.
Meanwhile, for the Global South, China's industrial capacity represents a genuine opportunity for progress and prosperity. Many developing countries harbor aspirations for industrialization and modernization, and they can always find a willing and capable partner in China.
For example, fruitful cooperation on renewable energy between the Asian country and its Belt and Road partners has greatly accelerated their as well as the global transition towards efficient, clean and diversified energy supplies.
In light of those facts, the hypocrisy of the recent Western barrage over China's industrial capacity becomes crystal clear. Developed countries have a vested interest in perpetuating the current global industrial structure, which confines developing ones to the lower rungs of the value chains.
Therefore, as China shifts from traditional manufacturing to high-value-added sectors and establishes itself in such crucial fields as artificial intelligence, telecommunications and renewable energy, the West sees a threat, but not to the world, only to their long-held dominance.
Driven by such an egocentric mindset, they have gone to great lengths to hinder China's development in the convenient name of "national security," demonizing Chinese policies, suppressing Chinese high-tech companies and preaching so-called "decoupling" and "de-risking" from China.
Yet their China-bashing campaigns are failing, as the international community has become increasingly clear-eyed about the self-centered and self-righteous West. They just seldom walk their lofty talk.
However, the world now does have an "overcapacity problem," which is with the Western military-industrial juggernaut.
According to a report by the Stockholm International Peace Research Institute, the United States and Western European countries collectively accounted for 72 percent of all arms exports in 2019-23, up 10 percentage points from the preceding five years. While Western defense contractors reap substantial profits, the actual cost falls upon those trapped in violence and instability.
If the West was truly concerned for the world, that is the "overcapacity problem" they should really focus on.
Address of this article:http://papuanewguinea.fightbigfood.org/content-02a899979.html
Very good!(989)
Related articles
- Supreme Court rejects an appeal from a Canadian man once held at Guantanamo
- Top Democrat in U.S. House urges passage of Ukraine aid bill by end of next week
- WhatsApp launches a major change that makes it much faster to find chats
- I'm a nutritionist and here are my top tips to beat your sugar cravings for good
- Student fatally shot, suspect detained at Georgia's Kennesaw State University
- Zelensky, Stoltenberg agree to hold urgent meeting of Ukraine
- Ingenious ways to escape boring conversations without appearing rude
- Denis Bouanga's 2 goals help LAFC play Red Bulls to 2
- Jon Wysocki dead at 53: Staind drummer passes away
- Marte's 3
Popular articles
Recommended
Ship that caused Baltimore bridge collapse has been refloated
Caballero's tiebreaking double in the 10th lifts Rays past Yankees 2
Heartbreaking final photo of nine
Review: Taylor Swift's 'The Tortured Poets Department' is great meditative theater
Ben Whishaw lights up the Croisette as he joins his co
Whitecaps take advantage of two Seattle red cards to beat Sounders 2
Toronto's Nylander out for Game 1 against Bruins
Review: Taylor Swift's 'The Tortured Poets Department' is great meditative theater
Links
- Travis Kelce and Patrick Mahomes learn their road to an historic NFL three
- Love Island sign stunning model Grace Jackson for 2024 series who's already followed by Molly
- The Mirage Casino in Las Vegas is closing this summer
- Police and social services missed 'critical opportunities' to save life of Arthur Labinjo
- Love Island sign stunning model Grace Jackson for 2024 series who's already followed by Molly
- Florida deputy's killing of Black airman renews debate on police killings and race
- Man suspected of punching Boardwalk Empire star Steve Buscemi in random NYC attack
- Police and social services missed 'critical opportunities' to save life of Arthur Labinjo
- F1 design great Newey expects to join another team after leaving Red Bull next year
- Hush money trial: Trump asks New York court to intervene in fight over gag order