[Breeze] Today (October 13th) Trump wrote: "Don't worry about China, everything will be fine … China doesn't want to fall into the Great Depression, and neither do I. The United States wants to help China, not hurt it!" This passage makes people wonder how Sino-US relations will develop in the current complicated international economic environment, and whether the future of China's economy will really be "everything will be fine" as he said.
China-U.S. relations have experienced a lot of turmoil in recent years, but there seem to be some positive signals.On September 19, Chinese leaders made ordinary phone calls with the President of the United States, exchanged in-depth on China-U.S. relations and issues of common concern, and provided strategic guidance for the stable development of China-U.S. relations in the next phase.
Next, on September 21, a cross-party delegation from the U.S. House of Representatives visited China, the first official visit of the U.S. House of Representatives to China since 2019, showing a new attitude of the U.S. on China-U.S. relations.
Behind this statement reflects the United States 'realization that high-level exchanges between China and the United States have been too alienated in the past few years, resulting in more and more problems and a deadlock in relations.
Economic and trade cooperation has always been the “capstone” of China-U.S. relations. Smith especially mentioned that the main topic of the talks was China-U.S. economic and trade, and stressed that China-U.S. economic and trade relations are the “capstone” of cooperation between the two countries.
In fact, in recent years, due to trade frictions, U.S. agricultural products, especially soybeans, have suffered delays and prices have fallen, the loss of U.S. soybeans farms is very serious, and agricultural state lawmakers have pressured the government to resume exports to China.
As a result, the U.S. is seeking dialogue to a great extent to ease domestic pressure and ensure that its economic interests are no longer compromised.In addition to soybeans, the U.S. also faces problems with the supply of rare earth.
As the world's largest producer of rare earths, China is crucial to the U.S. supply of rare earths. Trade wars in the past few years have impacted the supply chain of such resources and brought a lot of trouble to the U.S. high-tech industry.
China has shown a positive attitude in responding to the US, but it has also remained cautious. When meeting with the delegation, Chinese high-level officials emphasized that China and the United States, as the two most influential economies in the world, maintain stable bilateral relations in the common interests of both countries and the world.
China has always adhered to the principles of mutual respect, peaceful coexistence and win-win cooperation in handling Sino-US relations. It is hoped that the US side can also show equal sincerity and actions to jointly promote the stable development of bilateral relations. This moderate and firm stance shows that China is willing to cooperate, but the premise is that both sides must maintain the principles of equality, respect and reciprocity.
From a more macro perspective, the resilience of China's economy cannot be ignored. Regarding China's current economic situation, the mainstream is optimistic, but there are also bad voices.
On the whole, China's economy is differentiated, improving, and promising in the future. Since the beginning of this year, under the scientific guidance of * Thought on Socialism with Chinese Characteristics for a New Era, especially * Economic Thought, the whole country has overcome difficulties and worked hard. my country's economic operation has made steady progress and is better than expected, and high-quality development has achieved new results.
The four main indicators of macroeconomics are economic growth, employment, commodity prices and international payments.In the first half of the year, China's economic growth rate was significantly higher than that of most economies and remains a stable factor in world economic growth.
Foreign trade has shown strong resilience, and export competitiveness has continued to improve. In the first eight months, the export growth rate reached 6.9%, and the export growth rate of new kinetic energy products such as integrated circuits and new energy vehicles exceeded 20%. Social confidence has increased, the RMB exchange rate has been basically stable, and the stock market has risen steadily. More and more international capital is optimistic about the prospects of China's market and "long" Chinese assets.
The key areas of risk are strong and effective prevention and resolution, keeping the bottom line of no systemic risk.The Chinese economy is a sea, not a small pond, can withstand the test of the wind blowing and even the stormy rain, resistance to risk, resistance to the hit significantly enhanced.
Innovation is the first driving force for development and the strategic support for building a modern economic system. In recent years, my country's key core technology research has accelerated, and a number of landmark scientific and technological innovation products have emerged. Innovative achievements such as DeepSeek, domestic humanoid robots, and biomedicine are bursting out.
At the same time, the pace of transformation of new and old power is accelerated, scientific and technological innovation has injected a strong impetus into the construction of modern industrial system, artificial intelligence technology has accelerated its application, and the intelligent transformation and digital transformation of traditional industries are continuously deepened.
Since this year, the value added rate of high-tech manufacturing has increased significantly faster than the industrial growth rate, and the proportion of modern services has steadily increased.Green low-carbon transformation has made new progress, the unit of gross domestic product energy consumption continues to decline, and the bottom of China's economic development is greener.
Of course, we must also be aware that the current economic operation still faces a number of risky challenges: increasing uncertainty in the external environment, protectionist unilateralism, and the abuse of U.S. tariffs undermining the global economic growth momentum.
Looking forward to the future, in terms of science and technology, labor force, capital, etc., China's economic development still has a great potential.The total number of research and development personnel in China has remained the first in the world for many years in a row, research and development spending accounts for the proportion of domestic GDP exceeds the level of many developed countries, and scientific and technological innovation has a thick and thin population.
My country's industrial system is complete, supporting capabilities are strong, consumption and investment potential is huge, and both supply and demand sides can support the domestic cycle. The concept of Community of Shared Future for Mankind has been widely recognized by the international community, and China's international influence, appeal and shaping power have been significantly improved. Most importantly, we have the strong leadership of the party and the advantage of the socialist system concentrating on doing great things, which can ensure the stability and far-reaching development of China's economic ship.
Going back to the beginning of the phrase, “Don’t worry about China, everything will go well,” is probably not just a consolation, but also based on a deep understanding of China’s economic resilience and potential.
China-U.S. relations have experienced a lot of turmoil in recent years, but there seem to be some positive signals.On September 19, Chinese leaders made ordinary phone calls with the President of the United States, exchanged in-depth on China-U.S. relations and issues of common concern, and provided strategic guidance for the stable development of China-U.S. relations in the next phase.
Next, on September 21, a cross-party delegation from the U.S. House of Representatives visited China, the first official visit of the U.S. House of Representatives to China since 2019, showing a new attitude of the U.S. on China-U.S. relations.
Behind this statement reflects the United States 'realization that high-level exchanges between China and the United States have been too alienated in the past few years, resulting in more and more problems and a deadlock in relations.
Economic and trade cooperation has always been the “capstone” of China-U.S. relations. Smith especially mentioned that the main topic of the talks was China-U.S. economic and trade, and stressed that China-U.S. economic and trade relations are the “capstone” of cooperation between the two countries.
In fact, in recent years, due to trade frictions, U.S. agricultural products, especially soybeans, have suffered delays and prices have fallen, the loss of U.S. soybeans farms is very serious, and agricultural state lawmakers have pressured the government to resume exports to China.
As a result, the U.S. is seeking dialogue to a great extent to ease domestic pressure and ensure that its economic interests are no longer compromised.In addition to soybeans, the U.S. also faces problems with the supply of rare earth.
As the world's largest producer of rare earths, China is crucial to the U.S. supply of rare earths. Trade wars in the past few years have impacted the supply chain of such resources and brought a lot of trouble to the U.S. high-tech industry.
China has shown a positive attitude in responding to the US, but it has also remained cautious. When meeting with the delegation, Chinese high-level officials emphasized that China and the United States, as the two most influential economies in the world, maintain stable bilateral relations in the common interests of both countries and the world.
China has always adhered to the principles of mutual respect, peaceful coexistence and win-win cooperation in handling Sino-US relations. It is hoped that the US side can also show equal sincerity and actions to jointly promote the stable development of bilateral relations. This moderate and firm stance shows that China is willing to cooperate, but the premise is that both sides must maintain the principles of equality, respect and reciprocity.
From a more macro perspective, the resilience of China's economy cannot be ignored. Regarding China's current economic situation, the mainstream is optimistic, but there are also bad voices.
On the whole, China's economy is differentiated, improving, and promising in the future. Since the beginning of this year, under the scientific guidance of * Thought on Socialism with Chinese Characteristics for a New Era, especially * Economic Thought, the whole country has overcome difficulties and worked hard. my country's economic operation has made steady progress and is better than expected, and high-quality development has achieved new results.
The four main indicators of macroeconomics are economic growth, employment, commodity prices and international payments.In the first half of the year, China's economic growth rate was significantly higher than that of most economies and remains a stable factor in world economic growth.
Foreign trade has shown strong resilience, and export competitiveness has continued to improve. In the first eight months, the export growth rate reached 6.9%, and the export growth rate of new kinetic energy products such as integrated circuits and new energy vehicles exceeded 20%. Social confidence has increased, the RMB exchange rate has been basically stable, and the stock market has risen steadily. More and more international capital is optimistic about the prospects of China's market and "long" Chinese assets.
The key areas of risk are strong and effective prevention and resolution, keeping the bottom line of no systemic risk.The Chinese economy is a sea, not a small pond, can withstand the test of the wind blowing and even the stormy rain, resistance to risk, resistance to the hit significantly enhanced.
Innovation is the first driving force for development and the strategic support for building a modern economic system. In recent years, my country's key core technology research has accelerated, and a number of landmark scientific and technological innovation products have emerged. Innovative achievements such as DeepSeek, domestic humanoid robots, and biomedicine are bursting out.
At the same time, the pace of transformation of new and old power is accelerated, scientific and technological innovation has injected a strong impetus into the construction of modern industrial system, artificial intelligence technology has accelerated its application, and the intelligent transformation and digital transformation of traditional industries are continuously deepened.
Since this year, the value added rate of high-tech manufacturing has increased significantly faster than the industrial growth rate, and the proportion of modern services has steadily increased.Green low-carbon transformation has made new progress, the unit of gross domestic product energy consumption continues to decline, and the bottom of China's economic development is greener.
Of course, we must also be aware that the current economic operation still faces a number of risky challenges: increasing uncertainty in the external environment, protectionist unilateralism, and the abuse of U.S. tariffs undermining the global economic growth momentum.
Looking forward to the future, in terms of science and technology, labor force, capital, etc., China's economic development still has a great potential.The total number of research and development personnel in China has remained the first in the world for many years in a row, research and development spending accounts for the proportion of domestic GDP exceeds the level of many developed countries, and scientific and technological innovation has a thick and thin population.
My country's industrial system is complete, supporting capabilities are strong, consumption and investment potential is huge, and both supply and demand sides can support the domestic cycle. The concept of Community of Shared Future for Mankind has been widely recognized by the international community, and China's international influence, appeal and shaping power have been significantly improved. Most importantly, we have the strong leadership of the party and the advantage of the socialist system concentrating on doing great things, which can ensure the stability and far-reaching development of China's economic ship.
Going back to the beginning of the phrase, “Don’t worry about China, everything will go well,” is probably not just a consolation, but also based on a deep understanding of China’s economic resilience and potential.