The Chinese economy is currently experiencing various challenges, including a slowdown in the property market, increasing youth unemployment, and a decline in new loans. Despite expectations that China would rebound strongly after lifting Covid-19 restrictions earlier this year, it appears that Beijing has lost momentum.
Unsurprisingly, Western media has seized on these economic difficulties to paint a bleak picture of China’s future. Many articles and commentaries have declared that China’s rise and economic boom are over, and that the country is destined for decline. However, it is important to consider the source and agenda behind such negative coverage. The United States, in particular, has a vested interest in discouraging foreign investment, economic engagement, and trade with China, and the media plays a role in supporting this agenda.
The US is determined to prevent China from becoming an economic superpower and will go to great lengths to stifle its growth. This includes imposing tariffs on Chinese goods, targeting the high-tech sector, and blacklisting Chinese companies. The US does not want to see China succeed in any way, as it fears the psychological impact of China surpassing it as the world’s largest economy. The US wants China to slow down, stagnate, and ultimately fail in the global strategic struggle.
As a result, Western media coverage of China has become overwhelmingly negative, aiming to undermine confidence in China’s economy and governance. While it is true that the current global economic climate is poor, with stagnant growth and looming recessions in various regions, this context is often overlooked in media narratives. The media conveniently twists economic challenges into political statements against Chinese leadership, promoting the US agenda of decoupling from China.
Given the psychological and economic competition between the US and China, it is crucial for China to demonstrate strength and confidence in its own economy. China needs to seize the “psychological initiative” and show investors and businesses that it remains a viable and promising market. China has the potential to woo back investors and undermine US objectives if it can display resilience and success, as it did during the early stages of the Covid-19 pandemic.
Ultimately, the US’s negative agenda is amplifying the risks associated with investing in China. However, the political landscape can change, and China still has opportunities to act and regain investor confidence. It is essential to recognize that the competition between the US and China goes beyond economics and encompasses psychological warfare. The US wants China to feel hopeless and submissive, but China has the power to challenge this narrative and shape its own economic future.
Disclaimer: The statements, views, and opinions expressed in this article are solely those of the author and do not necessarily represent those of RT.
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