The Truth About China’s Economy: Debunking Western Media Myths
China’s breakneck growth has not only aroused envy in the West, but also prompted the proliferation of doomsday predictions about China’s economy. We are told that we are at “peak China”, that China can only go downhill from here, that China’s property bubble is about to burst and throw China into a morass of Japanification and secular stagnation, that China has been stealing technology all these years, and the stolen technology has been powering the growth. And now that President Biden is going to make it impossible for them to do so, that China will stop growing, that China has a serious unemployment crisis, that President Xi’s authoritarian leadership is stifling growth by stifling innovation and entrepreneurship.