China - The West is in panic as President Xi Jinping extends his rule

 The West is in panic as President Xi Jinping extended his rule over China by another five years.

The biggest testimony to China’s success under the decade-long rule of Xi Jinping is the endless deluge of American hysteria, sanctions and trade wars over the last 5 years. In 2012, nobody around the world had heard of Xiaomi, Huawei, DJI, Alibaba, WeChat, TikTok, BYD etc. Under Xi, China became a global power and is so successful that the US has placed killing sanctions on 500 plus Chinese tech companies and is now going after China's entire semiconductor field.

China’s GDP had more than doubled from USD8.53 trillion in 2012 to USD17.7 trillion in 2021, and the disposable income of the average Chinese person also doubled during this time. In 2014, China surpassed the US as the world’s largest economy when measured in purchasing power parity. China’s manufacturing also kept growing, from 22% as a share of global output in 2012 to 30% in 2021, and moved up the value chain to becoming more high-tech.

Under President Xi, China became the world’s largest trading nation - its combined imports and exports around USD6 trillion in 2022. Xi completed the job of eliminating extreme poverty in China.

In 2012, China had very little presence in smartphones, solar panels, electric cars, semiconductor design, telecom etc, but by 2022, China had become number 1 in these sectors. China now accounts for more than 50% of global sales and manufacturing of smartphones and electric cars; 70% of solar panels; 75% of 5G stations worldwide. The central kingdom surpassed the US in international patents in 2019 and has overtaken the US in publication of top scientific papers.

The value of mobile payments in China has grown from USD1 trillion in 2012 to a staggering USD75 trillion in 2021. Regarding automation, China now buys more industrial robots than the rest of the world combined. 10 years ago, China’s e-commerce market was smaller than that of the US, but by 2021, China was 3 times larger than the US.

China is now the world’s absolute leader in solar energy, wind power, hydropower, and electric vehicles. 149 countries have joined Xi's BRI and the New Silk Road projects are worth more than USD4 trillion. China now has 170,000 km of expressways - more than the US and Europe combined - 40,000 plus km of bullet trains, and the world’s largest metro system.

Under Xi Jinping in the last decade, China has built its own space station, that after the US kicked China out of the international system. Chinese rockets went to Mars and placed a rover. China was the first country to land on the dark side of the moon. In another trip to the moon, China managed to bring rocks back to earth. And China launched BeiDou satellites for navigation. China’s military now has aircraft carriers, hypersonic missiles, anti-aircraft missiles, 5th generation fighter jets etc, and a rapidly expanding nuclear arsenal.

 

Anonymous