Why did the China Collapse Theory keep spreading in the West, Three Reasons Explained
On September 12, 2023, during a routine press conference hosted by the Chinese Ministry of Foreign Affairs, spokesperson Mao Ning addressed the concerns regarding the recent pessimistic outlook on China's economy by several Western countries. U.S. President Biden mentioned that China is facing economic challenges, influenced by both global economic slowdown and Chinese economic policies. Australia's Treasurer stated that China's economic growth has significantly slowed down, impacting Australia. U.S. Deputy Secretary of the Treasury, Adeyemo, mentioned that the slowdown in China's economic growth will primarily affect neighboring Asian countries. How does China respond to these assertions?
"It seems that every so often, there are various 'theories of China's collapse,' but the fact remains that China's economy has not collapsed; instead, the 'theories of China's collapse' collapse time and time again," stated Mao Ning.
Mao Ning emphasized that this year, the global economic recovery has been weak, and the external environment remains challenging and complex. However, China's economy has continued to recover and is showing an overall positive trend. In the first half of the year, China's GDP grew by 5.5% compared to the same period last year, a significant acceleration from the 3% growth seen last year. The International Monetary Fund predicts a 5.2% growth for China's economy this year and expects China to contribute one-third to global economic growth. China's economy remains a major driving force behind the growth of the world economy.
So, today we are going to talk about the "China Collapse Theory", who was the first to put forward it? Why did the "China Collapse Theory" keep appearing in the West after that? If you have been observing Western reports on China, you would find that there will be a wave of "China Collapse Theory" in Western society from time to time, sometimes it mixed with "China Threat Theory". Along with China's reform and opening up, the Western world's argument that the path of socialism with Chinese characteristics will inevitably lead to failure has never ceased. Then, what can we see behind the "China Collapse Theory"? Is China really heading for collapse? OK, let’s get more details about that.