Damaging economic confusion in the West on consumption in China
An increase in the percentage of consumption in GDP will lead to a lower rate of growth of consumption, and therefore of living standards, and slower rate of GDP growth.
China
Deng Xiaoping and John Maynard Keynes
The importance of China’s economy is twofold. The first is the material scale of China’s economic achievement. The second is the conclusions that can be drawn for other countries—the “universalizable”, or not, character of China’s economic system.
Xi Jinping’s “common destiny of humanity” analysed in terms of Marxist, classical Chinese, and “Western” frameworks
Different national cultures have different starting points, and different ways of arriving at the truth, but the truth is objective. It may flow from the economics of Smith, or Marxism, or classical Chinese thought but it expresses objective reality.
So-called “Peak China” is simply a Western campaign for China to commit economic suicide
Despite the fact that China’s economy continues to far outgrow all major Western economies the Western media is energetically promoting a myth of “peak China”.
Learning from China’s economic achievements
To understand how China’s socialism has achieved such great improvement in living conditions, the factual account must take precedent.
“Peak China” – a new low in Western attempts to persuade China to commit suicide
Those arguing the case for “peak China” propose that China should voluntarily commit economic suicide. That it should abandon the methods that have made it the most rapidly developing economy in the world and adopt the methods of the less successful.