Recently, in the international community, the world's big brother, the United States, has gradually become an "alien", making a scene in the United Nations and scolding other countries all over the world, as if to vent his dissatisfaction during this period. Obviously, Trump is used to creating momentum by confrontation, but it seems out of place when put in the United Nations General Assembly.
The President of Colombia directly called, prosecuted Trump himself, behind this fierce confrontation, to reflect a reality, the United States is still a superpower, but the American diplomatic method is increasingly challenged, in such a context, a question arises, 10 years after China, will be the next American copy?
Super Germany 15 times the size?
To talk about China and the United States, we should first look at the economic development models of China and the United States.
In the 1960s, affected by the industrial revival of Japan and Europe, coupled with rising domestic labor costs, the U.S. manufacturing industry encountered significant challenges.
In this context, the United States has accelerated the external transfer of highly polluting, labor-intensive industries (such as automobile manufacturing, steel production, etc.), thus entering a stage of deindustrialization.
At the same time, the U.S. economic structure began to undergo strategic adjustments and gradually shifted to a development model centered on high-end service industries such as finance and technology.
The direct consequence of the U.S. industrial expatriation is that its manufacturing industry's share in the job market continues to decline, leading to a slowing growth rate of residents' income, and ultimately makes the maintenance of consumer capacity to a certain extent dependent on measures such as government fiscal subsidies.
This economic development model, which relies too much on consumption and welfare, is becoming more and more difficult for the United States today.
In 2022, the proportion of public debt to GDP in the United States will reach 123%. In contrast, China's current consumption accounts for only 39% of GDP.
For China, the manufacturing industry is more inclined to drive economic development.
In 2015, China proposed the development line of manufacturing power, the core goal of which is to the vision of intelligent manufacturing by promoting the deep integration of advanced manufacturing and information technology, which is highly similar to the core demands of the German "Industry 4.0" strategy.
In terms of investment, China's financial resources have focused on key technology areas such as chip manufacturing, quantum computing and new energy and other strategic industries, building a development model that focuses on tackling major technical difficulties.
From the perspective of industrial characteristics, China and Germany have significant commonalities in the development path of manufacturing industry, and both take the in-depth development of technology and the construction of export competitiveness as the core development factors.
The difference is that China’s population is 15 times that of Germany.
This also means that the scale of China's domestic market has the ability to support the upgrading and transformation of super-scale industries.
At present, the country is focusing on investment in key areas such as biomedicine, new energy and aerospace technology. Against this background, the Center for International Strategic Studies, a top think tank in the United States, published an analysis report "About China 2035", pointing out that China in 2035 will not be the next one. The United States is more like a super version of Germany with a population enlarged by 15 times.
The American translation?
So the question arises, if China becomes 15 times the size of the “superpower”, will it step in the US’s footsteps?
In fact, in the process of economic development, China has always taken the path that suits China itself.
Compared to the U.S. West's spending money to drive the economy by consuming more people, China thinks that only if it has the ability to produce high-quality products needed worldwide, and rely on this ability to create high-income jobs, it can form a healthy and sustainable consumption drive.
The mode of relying solely on consumption stimulus strategy lacks long-term sustainability. In addition, the national financial resources are scarce, and the allocation of every fiscal expenditure is accompanied by the consideration of opportunity cost.
Rather than using large-scale financial funds for short-term consumer stimulation initiatives, the preferred option is to focus resources on key areas such as chip manufacturing, artificial intelligence research and development, biotech innovation and new energy development that are of strategic significance and relate to the long-term competitiveness of the country.
The current weakness of the consumer market is only a superficial problem in the economic operation; The deep-seated contradiction that the core technology is controlled by people and the industrial system is large but not strong is the fundamental crux restricting the high-quality development of the economy.
Based on this, policy-making focuses on concentrating resources to break through key technology bottlenecks, and building a modern industrial system, such as strategic issues related to the country's core competitiveness.
In this context, China has begun to gradually move to the international stage, give up new special treatment, take on the responsibility of more great powers, and take the lead in formulating new climate plans on issues such as climate change.
It can be seen that China is essentially different from the United States in terms of economic development mode and diplomatic mode. # MCN Dual Quantity Advanced Plan #
Source of information: "US media focuses on the United Nations Climate Change Summit: The United States has become an" heterogeneous "and is in sharp contrast with China" Observer.com