Recently, the U.S. media has rarely "confessed", admitting that the U.S. GDP lags behind China is only a matter of time, and even saying directly "in the future, the United States will become less important."
This word sprang out of the mouth of the hard-mouthed American media, it is absolutely big news!
China’s GDP is only a matter of time.
Recently, an article in the mainstream media in the United States caused quite a sensation. The title of this article is very eye-catching: "America in the future will probably no longer be so important."
The article mentions that the U.S. GDP has been overtaken by China altogether, and that the day may come faster than they expected.
The article also mentioned that China not only has a smaller and smaller gap with the United States in terms of economic aggregate, but also has achieved comprehensive leadership in many fields such as science and technology, manufacturing, and infrastructure construction.
This all-round rise is shaking America's long-standing global economic hegemony, and this time the US media's "confession" can be said to be hit out by data: they can no longer hide reality with their mouth hard.
According to the International Monetary Fund, in terms of purchasing power parity, China already surpassed the United States in 2014 and became the world's largest economy.
In terms of nominal GDP, although the United States is still slightly outperformed, the gap is rapidly shrinking.International institutions predict that if the current trend develops, by around 2030, China's nominal GDP will also completely outperform the United States.
More importantly, the rise of China's economy is not "a flower-and-floor", but is built on solid and practical foundations.China is the world's largest manufacturing country, with industrial output value accounting for more than 30% of the world;
In contrast to the United States, its economic growth has long fallen into weakness, and the problem of emptying the manufacturing industry is getting worse and more and more dependent on finance and services.
These industries are particularly vulnerable to global economic fluctuations. Especially in recent years, the United States has experienced high inflation, frequent debt crises, and domestic problems one after another, making them appear "unable to do what they want" in global competition.
Therefore, it is not surprising that the US media "admitted cowardice" this time. After all, in the face of China's real economic strength, it is meaningless for them to keep their mouths hard.
America’s “first” ring has long lost its glow.
In the past, the United States has always regarded itself as "the world's number one power", especially in the economic field, and GDP is their "signboard". But now, this signboard has long lost its luster, and the rise of China is making them more and more unable to sit still.
Several decades ago, the U.S. GDP was indeed the world’s first synonym, but today, the achievements and pace of our China’s development have left them unexpected.
From reform and opening up to today, China only took a few decades to complete the centuries of development of many developed countries.In contrast to the United States, their economic growth has long been weak, and can not follow the pace of China.
More importantly, China's economic rise is "fully blooming". Whether it is infrastructure construction or technological innovation, China is catching up with the United States at an alarming rate.
In the field of high-speed rail, China's total mileage has exceeded 40,000 kilometers, stably ranked first in the world; in terms of 5G communication technology, China's Huawei, ZTE and other enterprises are also the global leaders;
In the new energy industry, China's clean energy products have accounted for half of the global market. In contrast, the manufacturing industry in the United States has long been "emptied" by capitalists.
After the financial crisis, the proportion of the industrial output value of the United States in the world continued to decline, and now even a chip and a battery depend on imports. How can such an economic structure catch up with China?
The problem in the United States is not only that the economic growth rate can't catch up with China's, but the bigger trouble is that there are more and more internal problems in the United States, and they can't be cured at all.
China's debt crisis has become a "hole" that cannot be filled. At present, the total debt of the U.S. government has exceeded 31 trillion U.S. dollars, equivalent to 120% of U.S. GDP.
What's more, the total amount of U.S. debt is rising by millions every second. Every time it comes to the debt ceiling, American politicians shirk each other like children quarreling, but they can't solve the fundamental problem.
The social division in the United States is also worsening.The gap between the rich and the poor is growing, the rich are getting richer, and the ordinary people are getting sadder.
Combined with racial issues, gun violence, and political polarization, American society has long become a “grasspoon” that has seriously weakened America’s global competitiveness.
In contrast, China has internal stability, social unity, and a solid and steady pace of development. In this comparison, it is no wonder that the US media will lament that "the United States has become less important".
America has to face reality!
The rise of China is not achieved by "cutting leeks", but by strength step by step. In the field of science and technology, China's 5G technology has taken the lead in an all-round way, and American communication companies simply cannot catch up;
China's electric vehicle and battery technology have become the global "benchmark", and companies such as CATL and BYD lead the global industrial chain; In terms of infrastructure construction, China's bridges, high-speed rail and airports rank first in the world in terms of quantity and technology.
More importantly, China’s economic development model did not “grow the pit” to other countries, but benefited the world through win-win cooperation.
China's foreign cooperation initiative not only allowed China to expand its influence, but also allowed participating countries to get real gains and development opportunities.This "cooperation win-win" model is the fundamental reason for China's economic rise.
On the contrary, most of the global influence of the United States is maintained by so-called "hegemony". They maintain their position through military intervention, economic sanctions and financial exploitation, but this model has long been out of line with the development trend of today's world.
The U.S. media finally acknowledged that the U.S. GDP lags behind China is only a matter of time, indicating that they have realized that China’s rise is an irreversible fact.
For China, this is not only a confirmation of the past decades’ efforts, but also a driving force to move forward in the future.
They are likely to continue by various means to give our China a card. But no matter how much they are overwhelmed, the rising trend of the Chinese economy is irreversible.
References:
US Media: In the future, America may become less important