Current location:health >>
Hidden agenda behind hype of China's 'overcapacity problem'
health7137People have gathered around
IntroductionA staff member observes the operation of intelligent equipment at the Harbin Electric Machinery Co L ...
A staff member observes the operation of intelligent equipment at the Harbin Electric Machinery Co Ltd in Harbin, Heilongjiang province, Feb. 22, 2024. [Photo/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.“Stellar Standpoint news portal”。http://saintkittsandnevis.fictionsmistress.com/content-18d199962.html
Related articles
Xi Meets Argentine President Fernandez
healthContact Us HomeNewsHighlightACWF NewsSocietyWom ...
【health】
Read moreCharlotte the virgin stingray is growing something besides just babies, her caretakers reveal
healthCharlotte the stingray, who earned a rabid following ever since she apparently got pregnant all by h ...
【health】
Read moreBeijing confirms recovering tourism during New Year holiday
healthThe Chinese capital Beijing saw its tourist and cultural activities bouncing back to pre-COVID-19 le ...
【health】
Read more
Popular articles
- Experts call for halt to toxic water discharge
- Terrifying moment helicopter stalls out and crashed into Mexican mechanic shop killing three
- An Algerian reporter says he was expelled from his country without explanation
- Chongqing springs to life on summer nights
- Beijing looks to boost green technology development
- Baltimore Key bridge collapse: Crews race against time to remove wreckage
Latest articles
Xinhua Headlines
Beijing film fest unveils jury, film lineup and key highlights
Mom is arrested after leaving her son, 8, and daughter, 6, in her high
China's railways handle 16.47M passenger trips on Monday
Xi Focus: Xi Charts Course for Chinese Economy at New Starting Point for Modernization
'Village Super League' draws global football enthusiasts
LINKS
- Florida's 6
- Parishes turmoil as traditionalism sweeps US Catholic Church
- Brad Pitt's girlfriend Ines De Ramon takes a stroll with male pal in LA
- Ashley Roberts cuts a stylish figure in a £723 Fiorucci printed co
- First Chinese scientist to publish COVID
- Google and Apple now threatened by the US antitrust laws helped build their technology empires
- Caratini's 2
- How major US stock indexes fared Tuesday, 4/30/2024
- Beijing eases restrictions on home
- Rays and Brewers get into wild brawl, with Uribe and Siri in the middle of it