Western narrative misjudgment Chinese economy
December 15, 2023 09:58 Source: "China Social Sciences" December 15, 2023 Issue 2795 Author: [Lebanese] Linda MARAR/Wen Wang Youran/Translation

Recent,Some American experts and scholars have published articles on China's economic situation after the new crown epidemic,These articles are full of assertions and opinions that are full of evidence,Its analysis of China's economic development has prejudice and errors,The main purpose is to make people a negative impression on China's economic situation。This article attempts to refute such articles and opinions。

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Adam S. Posen, Director of the Institute of International Economic Research (PIIE) of the American Think Tank,After the new crown epidemic, China's economic performance is sluggish,I will not recover vitality for a long time,Calculating China is a "long -term economic new crown" case,Compare China to patients with chronic diseases。

But his saying is exaggerated and incorrect。Data of the National Bureau of Statistics of China,In the first three quarters of 2023,GDP China (GDP) reached 9.13 trillion yuan,Calculated at an unchanged price,increased by 5.2%year -on -year。This reflects that the Chinese economy is recovering steadily。Some Western scholars claim,The continuous decline in consumption of durable products has led to China's "economic performance sluggish",This is misleading。From a data point of view,According to the data released by the National Bureau of Statistics of China,January to October 2023,Total retail sales of social consumer goods 38544 billion yuan,increased by 6.9%year -on -year。From the perspective of economics,Trendline is used to analyze the analysis of more attention to only one or two specific time points or quarters,can be seen by analyzing the composition and trend line of China's GDP,China's economic growth is mainly driven by consumption and domestic demand。

2010-2021,China's final consumption rate (the final consumption of a country or region in the same period accounts for the same period of domestic product)。Look more specifically,In Enterprise、Government and residents' disposable Bet365 app download total income,The proportion of disposable revenue of the resident department increased from 59.1%in 2015 to 60.3%in 2019,then further rose to 62.2%in 2020。Increase increase is related to consumption increase。So,2010-2021,The proportion of residents' consumption expenditure in the final consumption expenditure also rose。Because its disposable income is not seriously affected by the new crown epidemic,People tend to buy more products and services,Then promote economic activities。In the first three quarters of 2023,Per capita disposable income of residents nationwide 29398 yuan,increased by 6.3%over the same period last year,Disposal price factors,Actual increase of 5.9%。See in urban and rural areas,Per capita disposable income of urban residents 39428 yuan,A year -on -year increase of 5.2%,Disposal price factors,Actually increased by 4.7%; the per capita disposable income of rural residents was 15705 yuan,increased by 7.6%year -on -year nominal,Disposal price factors,Actual increase of 7.3%。

The voice of the Chinese economy has not compared the inflation of China and other countries into consideration。For a variety of reasons, insufficient energy and food supply in the international market or rising price,In 2022, the inflation rate of many countries rose sharply。Data of the World Bank,After the new crown epidemic,The global inflation rate rises significantly,and China's inflation rate remains at a lower level。2022,The global inflation rate measured by consumer price index (CPI) is 8%,and China's inflation rate is 2%。This indicates that in the world in the world in inflation and public health crisis,China's economy has toughness。other,China's consumer price index is also relatively low,This is mainly because China's food production situation is relatively stable,enable it to ensure the supply of goods and service。

  Uninterrupted market and the country

Some Western media call China "weak domestic demand",And believe that the reason is that the government "combat the private economy"。Poson also wrote,"Even before the new crown epidemic,Government pressure prompts banks and investment funds to tilt to state -owned enterprises when lending,Investment in private bet365 live casino games enterprises is shrinking "。For this point of view,We should not forget,Analysis and policy recommendations from Western scholars often start from the perspective of neo -classical economics,Responsible for the new liberal policy advocated by international financial institutions led by the United States。Correspondingly,They split public sector and private sector,And believes that in recent years, the Chinese government has changed from support to the private sector to oppose。I will refute relevant remarks from the perspective of economic analysis and personal observation。

It is unreasonable to completely oppose the private sector or the market with the market,From the perspective of concept or from a historical perspective,The market and the country are inseparable。Rejects the market and the country as the principle,It means that the country can "exit",Make the economy from the so -called "global" power,To solve deep problems in economic development。The supporters who lead the economic growth in the market,Market can effectively guide the growth process。but,This mainstream Western idea ignores a fact,That is, the decision -making of the private sector may be high at cost and destroy stability,Especially in the critical period of economic recovery。

The market is not always efficient,It is not possible to provide parameters that can evaluate economic efficiency in all circumstances。"Market Efficiency" and "National Efficiency" views are usually based on the market that cannot stand on the market、Unrealistic assumptions and ideals,"Market efficiency requirement to reduce national intervention" does not have a sufficient basis。

China supports state -owned enterprises,It also supports private enterprises。The two are complementary rather than contradictions,They are all important in the process of promoting reform and opening up and socialist modernization in China。China also supports public and private sectors at the same time,Encourage various ownership to develop parallel。

According to Chinese official media reports,The private economy contributed more than 50%of taxes to China,More than 60%of the domestic GDP,More than 70%of technological innovation results,More Bet365 app download than 80%of urban labor employment,More than 90%of the number of enterprises。July 2023 "Opinions of the Central Committee of the Communist Party of China on Promoting the Development of the Private Economy" release,Requires continuous optimization of the private economy development environment、Increase support for the private economic policy、Strengthen the protection of the rule of law for the development of the private economy、Focus on promoting the private economy to achieve high -quality development。Visible,Western media narrative about the Chinese private department is wrong。The complementary role of the public department and the private sector will further drive the domestic demand in China,Variest cycle of ensuring social reappearance。

 Chinese achievements originated from the leadership of the Communist Party of China

During the new crown epidemic,I live in China and observe,Domestic demand in China has not been seriously affected。In the process of fighting the epidemic,The Chinese government has hired a lot of labor in the field of public health,This also provides support for domestic needs。After the implementation of the "Class B Tube" in the infection of the new crown virus,Some people who have participated in the prevention and control of the epidemic lose work,The government helps them reinstate in new fields and projects。If there is no government intervention,These unemployed people may have a negative impact on domestic demand。So,Government intervention is important for maintaining domestic consumption and savings,and the latter enables the Chinese economy to maintain vitality and ensure that economic development results are beneficial to society。

Another factor that supports China's economic growth is the increase in industrial production。January to October 2023,The added value of industrial industries above designated size increased by 4.1%year -on -year,This is not surprising。other,It can not ignore the total amount of fixed capital formation (GFCF), one of the pillars that consolidate the success of China's economy (GFCF),Higher fixed capital formation is conducive to enhancing production capacity。Data of the World Bank,2010-2021,The total amount of fixed capital bet365 best casino games formation in China has always accounted for more than 40%of the domestic GDP,and the world average is about 25%。

From the author's view,China's success in the economic field is inseparable from the leadership and scientific planning of the Communist Party of China。The Communist Party of China not only rely on "seeking truth from facts" -This brings a kind of flexibility from learning and correcting errors,and effectively implement the central plan through the "Five -Year Plan"。The Chinese government vigorously build infrastructure and promote the development of manufacturing through a unified guiding policy,On the one hand, providing loans to industrial enterprises with lower interest rates,On the other hand, it helps manufacturers to carry out import activities required for manufacturing enterprises through re -exchange rates。Always,The Communist Party of China will improve people's lives as the focus of national production and infrastructure development。

According to the basic principle of Marxism,In short,,The main difference between socialist production model and capitalist production model is the ultimate purpose of production。In the capitalist production mode,The purpose of production is to create the remaining value or profits that benefit a small number of members of the society; in the socialist production model,The purpose of production is to meet the material needs and wishes of the people。In this regard,The Chinese model has promoted the implementation of the people -centered goal。

Another common misunderstanding of China to China is related to reform and opening up。In fact,Reform and opening up continuously deepen and achieve historic achievements in the direction and theme of socialism with Chinese characteristics。China's initial economic growth is cheap labor、Low tax、Basically loose foreign supervision,But the Chinese government is not an onlooker,Instead, it gradually turns to strengthening its own technical basis,and require adding local content when manufacturing products。So,China's economic output has gradually shifted from foreign direct investment in the consumer industry to local private investment and public investment Bet365 app download in high value -added industries。This local content is an important factor in promoting the improvement of local productivity。

Western media also ignored another important factor: Chinese resources。The Chinese government has never relaxed the control of resources,Because this is the national security。

In the past few decades,China has achieved unprecedented development achievements,Become the second largest economy in the world,It is also the world's largest cargo trading country。China in agriculture、Industry、Education、Science and Technology、Infrastructure、Traffic and other fields have achieved extraordinary development achievements。

According to Marxist political economics theory,Science and Technology plays an important role in the development of productive forces,is the basic premise of shaping or determining production relationship。and now,China has a new journey of a comprehensive construction of a socialist modernization country,It needs to pay attention to the driving role of science and technology on economic vitality sustainability。Because of this,"The Fourteenth Five -Year Plan of the National Economic and Social Development of the People's Republic of China and the Outline of the Far Scenery Target in 2035" emphasized that it is necessary to support scientific and technological innovation、Improve the scientific and technological innovation system。

The Communist Party of China knows that science and technology are the basic elements that improve productivity,Increase support for scientific and technological development through financial and resource allocation。This helps Chinese scientists to make breakthroughs in key technical fields,Breaking the technical blockade of individual countries,China's industrial and technical workers will also be stronger。

According to data from the Ministry of Commerce of China,January to September 2023,The actual amount of foreign investment in China's manufacturing industry is 262.41 billion yuan,Growing 2.4%,Among them, the actual use of high -tech manufacturing industries increased by 12.8%。No doubt,This will promote the development of China's high -tech manufacturing industry in the short period of medium term。In the author's view,Foreign investment bet365 Play online games in the high -tech field should be consistent with China's five -year plan, especially innovative policies,Interactive creation overflow through outsourcing and interactive creation with local suppliers,This can reduce China's high -tech production to dependence on imported materials。If China invested more resources to support national capacity building,Rely on socialist production models,can further improve the level of technology self -sufficient。

 (Author is an associate professor at the School of International Translation of Sun Yat -sen University)

Editor in charge: Zhang Jing
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