As the famous theory of “China’s imminent collapse” has finally lost its force, the continued reluctance of some politicians, academics and media to recognize China’s long-term resilience has coined a new phrase: “end of Chinese growth” – writes Chinese economic expert Mr YI Da.
Every independent spirit rejects blind conformism. So, let’s take a close look at the most erroneous myths that make up this narrative trap.
Myth 1: China’s economic weight will not exceed that of the United States.
Referring to the gap that has widened over the last two years between the two countries in terms of GDP, some conclude a little too quickly that China’s GDP will never exceed that of the United States, without taking into account the current context or the structural differences of the two economies.
Several factors explain the growing gap between Chinese and American GDP, including in…
