IS CHINA REALLY DECLINING OR IT IS A BIASED ARGUMENT?

ATTACK ON CHINA BY THE WESTERN WORLD HAS BEEN PREVALENT,

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News has been prevalent in many western media platforms informing of the collapse of the Chinese Economy, in this article we ask, is this true or not? We examine the facts and arguments put forward.

One of the foremost arguments for the collapse of China has been the slowing down of the Chinese Economy, the Economy is currently growing at 4.5-5%, at its peak, the Chinese economy grew by more than 10% consistently. While this number was great and helped to push the Chinese Economy to the leadership position of the world where it is currently the largest world economy in terms of purchasing power, a slow down to 5% cannot be a conclusive indicator of a collapse. Germany’s economy contracted in the last quarter of 2022 and continued to grow in the same negative even in the first quarter of 2023, France have not been doing any better. We have not heard of much alarm in the western media about the whole Europe collapsing.

One of the reasons the Chinese Economy is slowing down is majorly because of the problems which came with its rapid growth with examples being; Pollution of Chinese Cities, Income Inequality, hitting the ceiling of the growth model and of course corruption. All which President Xi-Jinping has been actively combating.

Reform in these sectors was bound to bring economic slowdown and fear, in some cases industries have to be restructured to conform to the strict environmental regulations, the Corrupt have been running out of the country with money due to crackdown on the vice, the indiscipline within the financial sector will be shaken also.

It can be argued that China is avoiding the over financialization of its economy with this crackdown and cancellation of Jack Ma’s Ant Group Public Listing on the Shanghai stock exchange. The rich had grown overconfident to the point that they were attempting to take over the Chinese People’s Government, one can say that they attempted to make China a capitalist state instead of what it is today, a Capitalistic State as the Political Scientist Eric X Li says. The Americans and western world were eager to see the capitalists in China take over the Political structure until it did not happen.

China under President Xi-Jinping’s vision of Made in China 2025 is carrying out a total economic restructuring and modernization of the Chinese Economy, this means that China is supposed to rapidly catch up in sectors were it has been lagging behind the west, sectors such as Semiconductors which has been a major concern for the government due to its total reliance on the west in this field. China being the manufacturing hub of the world with all sorts of electronics, it imports more semiconductors than oil and bauxite combined to the tune of almost 400 Billion US dollars a year. The Huawei and SMIC break through with a 7nm Chip speaks to success in this Area and this has scared the hell out of the western imperialists.

The other sector in which China has desired to catch up quickly and has indeed made huge progress is the Aircraft manufacturing sector. In July 2023 China Eastern Airlines received its 2nd narrow body C919 aircraft manufactured to carry up to 160 passengers by COMAC, the aircraft has been looked at by aviation industry experts as a direct replacement of the American made Boeing workhorse 737MAX and the European Airbus A320. These C919 planes even though they operate with engines from General Electric and Safran all western companies, their admission into service is a sign of victory in the sector. This is in addition to the fact that China is already testing its own engines called the CJ1000A, these engines are hoped to replace the current LEAP-C.

As if this is not enough success within the Chinese aviation sector, in the first quarter of 2023 COMAC delivered its 100th China made ARJ21 regional Aircraft which can carry up to 90 passengers and advances with development of the C929, a wide body aircraft which can carry up to 300 passengers are steadily being made.

China’s increased advance and success in the above-mentioned sectors is what is creating so much anxiety in the western world. Simply put, it is because apart from soft technologies like software companies, Aircraft, semiconductor, the Automobile Industry, and weapons of death and war, the west does not have any manufacturing advantages, today we don’t see a lot of made in Europe or America products. They see China’s concentration and determination to advance in these areas as a threat to their existence, they see it as China trying to starve them as if it is China’s responsibility to take care of them.

This visible western anxiety has been turned into aggression and hence the constant demonising of China; of China’s financial help in Africa and around the world, and the slandering of the Belt and Road Initiative (BRI) has intensified. Futile reactionary projects like the 650 billion Dollar Partnership for Global Infrastructure Initiative were launched to copy China but the west has no money. These are all nothing but empty shadows to show that the west can compete or do the same thing as China. Once a proud Leader is now a reactionary Copycat. It is what we see in Biden’s extractive strategy in Africa which without a shame falsely calls a 600 million Dollar Lobito Railway rehabilitation between Zambia, Congo and Angola 650 billion Dollar project. There is no money. The architect is Biden’s national security Advisor, a man who has come to be the regime’s economic architect.

The other argument constantly thrown around by the ‘China is collapsing brigade’ is that China’s population is shrinking and therefore it is going to decline, this argument is the weakest of all, why? Because even if China’s population reduced by 400 million people to 1 billion, which is not going to happen, it would still be triple that of the United States, this would not affect China’s advance forward and would not stop it from overtaking the United States and the collective west who are constantly overestimating themselves as recently said by President Museveni of Uganda. Therefore, this is the weakest of all arguments to say the least.

What is Hidden behind all these arguments is a strong bias and fear because China is now the biggest Manufacturer in all sectors, an industrial giant in all aspects, this includes Automobiles as it concludes with taking over the remaining 2 industries which are currently dominated by the west: the Aircraft Industry and Semiconductor industry.

From the Above analysis it is easy to say that after conquering the remaining industries, China is going to emerge out of the struggle against western sanctions as a fully modern economy with advances in artificial intelligence compensating for any population reduction in case it happens.

What is instructional for Africa in this struggle is that as Africans, we must rapidly grow our Economy and in this growth, we might face the same challenges, it is time to learn and learn fast.

©Kwame Gonza

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