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False claims of 'China solo show'
Source: Xinhua |
June 22, 2010, Tuesday
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Print Edition
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A NEW theory of the "China solo show" has recently emerged in Western media reports, indicating that China has been the biggest winner in the global financial crisis while Western economies have faced grave difficulties.
The aim of the advocates of the "China solo show" theory, which seems to be some kind of compliment to China, is in fact to press China to undertake more and improper international obligations.
On the one hand, China is not the only country that has maintained fast economic growth. In a recent interview with Xinhua, Brazilian economist Marcos Cintra said some developing countries, not China alone, have achieved higher economic growth than other countries due to proper revenue and monetary policies.
Cintra said, for example, Brazil realized a rare 9 percent year-on-year increase in the first quarter of this year.
On the other hand, the measures China launched to deal with the crisis have also helped in the recovery of some other economies.
Cintra, who has studied China's development, said China imported a large number of parts from Asian countries and regions although it has a self-sufficient industry.
Jonathan Holslag, head of research at the Brussels Institute of Contemporary China Studies (BICCS), said China's economic development has made huge progress in the past decades. However, this has been mainly a "quantitative leap," Holslag said, adding it will be tough for China to realize "qualitative" strides in the future development.
A similar view is held by Vladimir Portyakov, head of the Center for Prognosis of Russia-China Relations and deputy director of the Far East Institute in the Russian Academy of Sciences.
The financial crisis has not only affected China's growth rate but also sounded alarms about the current, export-oriented development model, Portyakov said, adding China recognizes the urgent need to change that pattern.
The Chinese economy has increasingly engaged with the international market as China has a rising demand for foreign resources and markets, which is a double-edged sword, the Russian expert pointed out.
On the one hand, other countries and regions have introduced Chinese capital in a bid to help realize their own economic recoveries. On the other hand, more and more countries raised tariffs on Chinese goods, and anti-dumping investigations against China have increased.
Concerning the "China solo show" theory, Portyakov said: "I feel that many governments ... tried to blame China and the Chinese government for their own failures in anti-crisis measures and other domestic problems."
The aim of the advocates of the "China solo show" theory, which seems to be some kind of compliment to China, is in fact to press China to undertake more and improper international obligations.
On the one hand, China is not the only country that has maintained fast economic growth. In a recent interview with Xinhua, Brazilian economist Marcos Cintra said some developing countries, not China alone, have achieved higher economic growth than other countries due to proper revenue and monetary policies.
Cintra said, for example, Brazil realized a rare 9 percent year-on-year increase in the first quarter of this year.
On the other hand, the measures China launched to deal with the crisis have also helped in the recovery of some other economies.
Cintra, who has studied China's development, said China imported a large number of parts from Asian countries and regions although it has a self-sufficient industry.
Jonathan Holslag, head of research at the Brussels Institute of Contemporary China Studies (BICCS), said China's economic development has made huge progress in the past decades. However, this has been mainly a "quantitative leap," Holslag said, adding it will be tough for China to realize "qualitative" strides in the future development.
A similar view is held by Vladimir Portyakov, head of the Center for Prognosis of Russia-China Relations and deputy director of the Far East Institute in the Russian Academy of Sciences.
The financial crisis has not only affected China's growth rate but also sounded alarms about the current, export-oriented development model, Portyakov said, adding China recognizes the urgent need to change that pattern.
The Chinese economy has increasingly engaged with the international market as China has a rising demand for foreign resources and markets, which is a double-edged sword, the Russian expert pointed out.
On the one hand, other countries and regions have introduced Chinese capital in a bid to help realize their own economic recoveries. On the other hand, more and more countries raised tariffs on Chinese goods, and anti-dumping investigations against China have increased.
Concerning the "China solo show" theory, Portyakov said: "I feel that many governments ... tried to blame China and the Chinese government for their own failures in anti-crisis measures and other domestic problems."
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