Current location:world >>
Commentary: Hidden agenda behind hype of China's "overcapacity problem"
world79779People 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.
Tags:
Reprint:Friends are welcome to share on the Internet, but please indicate the source of the article when reprinting it.“Universal Unfoldings news portal”。http://malta.downmusic.org/news-35c599923.html
Related articles
Mohammad Mokhber: Who is Iran’s acting president?
worldDUBAI, United Arab Emirates (AP) — Iran’s first Vice President Mohammad Mokhber was appointed as act ...
【world】
Read moreDear Caroline: My dad has dementia and no longer recognises me or my mother
worldQ My dad has dementia and before he went into a care home I was his primary carer. It is tragic to w ...
【world】
Read morePolice arrest 3 suspects in rural California shooting that killed 4 and wounded 7
worldKING CITY, Calif. (AP) — Three suspects have been arrested in connection with a March shooting by ma ...
【world】
Read more
Popular articles
- Iran helicopter crash that killed President Raisi could reverberate across the Middle East
- Specialty lab exec gets 10
- Millionaire 'James Bond of crypto', 25, reveals how he fled crime
- US announces a new $400 million package of weapons for Ukraine to try to hold off Russian advances
- Company wins court ruling to continue development of Michigan factory serving EV industry
- John Swinney clashes with SNP's former Green allies over 'regressive' decision to make anti
Latest articles
With Djokovic awaiting the winner, Murray trails Hanfmann at rain
BEL MOONEY IMAGINES: Am I addicted to attention
AMANDA PLATELL: Harry, I've said sorry to my family. It's time you said it to yours
Crochet strikes out 11 to help the White Sox beat the Guardians 6
The unstoppable duo of Emma Stone and Yorgos Lanthimos
Will Power and Josef Newgarden begin Indy quests by adapting to new strategists and engineers
LINKS
- Letter from China: Exploring the hustle and bustle of south China's border ports
- Teyana Taylor, 33, breaks her silence on those rumours she is romancing her co
- EU presents first
- Alec Bohm hits a pair of 3
- California is rolling out free preschool. That hasn't solved challenges around child care
- Ryan Garcia vs Devin Haney is ON despite troubled fighter weighing 3.2lbs overweight
- U.S. Supreme Court rules Trump can remain on Colorado primary ballot
- Pride beat Wave 1
- Saudi Arabia extends voluntary cut of oil production
- China's Tianjin launches 1st roadway for intelligent connected vehicles