The anti China bandwagon has been calling for this since the days of Gordon Chang. And that was 26 years ago. But China continues to grow from strength to strength and in purchasing power parity terms is now the biggest economy in the world, bigger than America at nearly US$50 trillion. How is that for size? Many have given up calling for the collapse of China. The new narrative, China's economy is slowing down. This is a big consolation for those wishing China to collapse. The slightest sign of China's economy slowing down, the news of America imposing new sanctions, stop selling this and that to China will be picked up as good news to the doomsayers. Hurray, China is slowing down. China's population is ageing and not reproducing, China is facing a major crisis,....
No one bothers about the US$39 trillion American debt, the growing non competitiveness of American goods and services. No one bothers about the negative growth in Europe, all facing recession, no issues. European economies are also facing the same challenges as the Americans, unable to compete in the international market, nothing worth producing and selling to the world, and still forced to buy over expensive oil and gas from America. The Indians are also gloating that China is facing serious economic problems, not India. Indian economy is roaring ahead, in spite of the AI challenge against India's biggest source of cheap labour. Every country is sending the Indians home to roast in 51 degree heat.
Seriously, what is China still selling to the world? What are China's growth engines? Huawei 5G and Beidou GPS are taking over the market outside America and western Europe. Heard of 6G? Already developed and available. China's EVs are making the legacy automobiles redundant, with the whole ICE industry facing obsolescence and bankruptcy. China's electric motorcycles are quietly taking over the world. China's shipbuilding industry is building ships and containers for the whole world. China's commercial aircraft is coming into the market with quality and prices that Boeing and Airbus cannot beat. Chinese high speed train is not only cheap and good, but no country can build and deliver high speed system as fast and efficiently as China. China is going to monopolise the market like solar panels, mobile phones and consumer household equipment and electronics and pharmaceuticals. China's apparel, shoes, fashion goods are selling like hot cakes in online platforms. And China has cornered the rare earth industries to the tune of 80 to 90 percent market share. Next comes the Chinese military aircraft, warships and weapon systems, the missiles and drones, not only cheap and good, with no string attached, no political conditions, not only can be bought by swiping a credit card, Chinese overcapacity production means the goods and products can be had tomorrow, no need to wait for years.
These are only some of the growth engines powering China ahead for years to come. And there is another big business that the Americans are creating for China that is unstoppable. No it is not just high end chips. This market will be taken over by China soon with new manufacturing processes and ways of making more advanced chips at more affordable prices, like AIs and data centres. China will greatly benefit from the destruction all over the world by the American war machine. All the countries that have been bombed to the ground will need Chinese infrastructure prowess to help them rebuild their countries quickly, efficiently and economically, with big towns and cities being built overnight.
Who else, which country has so many growth engines and so many opportunities and the resources to rebuild and sell to the world? China's industrial capacity is complete, from the tiniest screw and pin to bridges expanding several miles apart, VLCC, satellites and space stations. You name it, China can manufacture or build it.
China's economy slowing down? Stop the delusion. Is there a country that has the above growth engines? India is claiming to be the fastest growing economy, to overtake China, even claiming that China's economy is stalling, collapsing. The only growth engine in India is cow dung manufacturing.
What about America and Europe? Ask what are their growth engines or industries. How many are there or still there? Better to ask how many of their former growth engines are now dying.