China is “successful at low-cost, high-quality production of many of the most important goods and services the world needs right now,” such as photovoltaics, wind turbines, batteries for zero carbon energy, electric vehicles, fast rail and 5G.
WASHINGTON, Nov. 3 (Xinhua) — A renowned U.S. economist has said reports in the U.S. press about so-called “Chinese economic calamity” or “collapse” are “stupid,” noting that China is a dynamic and innovative economy, with plenty of development ahead.
“There have been many silly — I’d even use a stronger language — stupid articles in the U.S. press about the Chinese economic calamity, the collapse or coming crisis of China,” Jeffrey Sachs, director of the Center for Sustainable Development at Columbia University, told Xinhua in a remote video interview earlier this week. “I don’t believe that.”
Noting that China is a…
