Your current location:HOME >sport >Commentary: Hidden agenda behind hype of China's "overcapacity problem" 正文
TIME:2024-05-21 17:26:46 Source: Internet compilationEdit:sport
(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.
Devout Christian doctor, 68, who punched dementia2024-05-21 17:13
Amed Rosario drives in 3 runs with triple and double, Rays beat Red Sox 52024-05-21 16:57
Tom Holland praises his 'incredible' Romeo & Juliet co2024-05-21 16:51
Risks of handcuffing someone facedown long known; people die when police training fails to keep up2024-05-21 16:39
Trump accepts a VP debate but wants it on Fox News. Harris has already said yes to CBS2024-05-21 16:16
Texas A&M2024-05-21 16:01
Lebron James returns to Cleveland with his wife Savannah as they take courtside seats for Celtics2024-05-21 15:59
Rihanna and ASAP Rocky's son RZA turns 2! Superstar couple shares adorable never2024-05-21 15:59
Revealed: Brit tourist, 19, subjected to sex attack in Majorca 'was gang2024-05-21 15:55
Fire sale! Ant McPartlin's ex2024-05-21 15:50
Nuggets blow 202024-05-21 17:08
Japan's Sony reports surge in profit on strong sales of movies, games and music2024-05-21 16:51
Father's quick reactions save the day as he catches baby daughter when she falls out of her pram2024-05-21 16:32
Aces heavy favorites to win 3rd straight championship; Caitlin Clark a boon to WNBA2024-05-21 16:11
Rangers are undefeated at .500 to keep World Series champs from a losing record with Bochy2024-05-21 16:03
Stott homers in 9th off Edwin Diaz, adds tiebreaking SAC fly in 10th as Phillies edge Mets 52024-05-21 15:50
Anya Taylor2024-05-21 15:40
Kate Moss is joined by model daughter Lila, Dua Lipa and Daisy Edgar2024-05-21 15:31
Red Lobster seeks bankruptcy protection after closing some restaurants2024-05-21 14:48
Anya Taylor2024-05-21 14:43