China’s economy leads the world

Australia’s “Pearls and Thrills” website recently published an article by John Quiripel, a scholar and writer in the country, pointing out that China’s economy is still leading the world.

The article analyzed that, first of all, China is not addicted to the traditional manufacturing field, but has entered a new era of information technology and cutting-edge innovation. China has a dominant position in the production of electric vehicles and renewable energy, and has quickly emerged in the field of computer technology, choosing to produce products that are urgently needed by the world.

In addition, the Chinese economy is not at the mercy of the outside world. China has gradually adjusted its economic direction from export-oriented to more dependent on domestic consumption, which means that China is much less likely to be impacted by external forces.

The article finally emphasized that as the world’s largest trading country, China has long been deeply involved in the global economy. However, China is not satisfied with its success in trade, but has prepared for the future and foreseen the challenges it will face. Therefore, it actively promotes the diversification of export markets and shifts its focus from the United States and Western countries to the global southern market. Today, China’s exports to ASEAN and BRICS countries are almost the same as those of the United States and the European Union.