WorldInsights:WhatisbehindWesternnegativeopinionsonChina'seconomy?_GuangmingOnlineThisaerialphototakenonMay9,2023showsthecontainerterminalatLianyungangPort,eastChina'sJiangsuProvince.(PhotobyGengYuhe/Xinhua)Thankstoitsmassivemarketsize,technologicalinnovation,androbustdevelopmentresilience,Chinacanwithstandexternalpressureandovercomeinternaldifficulties.Indeed,itseconomyisrebounding,effectivelyrefutingvariouspessimisticarguments.BEIJING,Dec.21(Xinhua)--Recently,someWesterninstitutionshaveoncemorestartedtoengageinpessimisticrhetoricabouttheChineseeconomy.Theyareusingoldtricks:Firstraisegrowthexpectations,andthenclamoraboutthefiguresthatfellbelowtheexpectations.Theirintentionremainsunchanged:toseetheChineseeconomyfail.Buttheywon'tsucceed.Trappedintheir"self-designedeconomicmodel,"theseinstitutionsneglectthereasonablegrowthtargetsetbyChinaandthefundamentalsoftheChineseeconomy.AnyconclusionstheymakewouldonlysmeartheChineseeconomywhileservingtheirowninterests.COMMONPATTERNINTHEWEST"Thereisgrowth,butgrowthisnotasgoodasexpected;thereareachievements,buttheeffectisnotasgoodasexpected..."Excessivepraisefirst,thencriticism.ThishasbecomeacommonpatternofU.S.andWesterninstitutionsintheirattempttomanipulatetheChineseeconomy.Accordingtotheeconomicdataofthefirst11monthsofthisyearrecentlyreleasedbyChina'sNationalBureauofStatistics,China'seconomyiscontinuingitsupwardtrend.Retailsalesofsocialconsumergoodsincreasedby10.1percentinNovemberyear-on-year,up2.5percentagepointsfromOctober,showingthatthegovernment'spolicytoexpanddomesticdemandandpromoteconsumptioniscontinuingtohavethedesiredeffect.However,someWesternmediaorganizationsincludingtheWallStreetJournalandReutershavelabeledthedataas"lessthanexpected."Inareport,Reuterssaidthedata"missedanalysts'expectationsof12.5percent."Accordingtotheirlogic,China'sNovemberdataneededtobeatleast5percentagepointshigherthanOctoberforittobeconsidered"qualified."Thereasongivenforsuchahighexpectationisthelowbaselastyear.Asearlyasthebeginningofthisyear,whenChinaoptimizedandadjusteditsepidemicpreventionandcontrolpolicy,theseWesternmediaoutletscreatedthesamenarrative:theChineseconsumermarketwouldimmediatelygoona"vengeful"upsurgeandtheChineseeconomywouldreboundstrongly.Whenthesecond-quarterdatawerereleased,theywentaroundclaimingthat"China'seconomyisinbigtrouble."Analystsbelievethatthereisnoempiricalevidencetosupportthedemandforasharpincreaseintheyear-on-yeargrowthrateofChina'sretailsalesinNovember.Expectinga12.5percentgrowthismorelikeapremeditatedacttohelpreachtheconclusionof"lessthanexpected,"saidAustralianeconomistGuoShengxiang.TheseinstitutionshavedeliberatelysiftedthroughChina'sunfavorablemodelsandstatisticalmethods,drawingconclusionsfirstandfindingargumentslater,henoted.AnemployeeworksatacompanyproducingwatertreatmentequipmentinHuiminCountyofBinzhou,eastChina'sShandongProvince,March14,2023.(PhotobyChuBaorui/Xinhua)TRICKSTOSMEARCHINESEECONOMYAsdifferentanalystsdifferintheirinformationsources,analytictoolsandinterestorientations,itisnaturaltohavedifferentforecastsforaparticulareconomy.Whatinvestorsexpectisnothingmorethanobjective,balancedreportsanddiversified,rationalinformation.However,someWesterninstitutionshaveusedtheirdiscoursehegemonytoblockviewscontrarytotheirintentionsanddeliberatelyexaggeratedpessimisticviewsontheChineseeconomytomisleadmarketexpectations.Inadditiontothemediaandbusinessorganizations,theU.S.andWesternpoliticiansseemtobeevenbetteratplayingthesetricks.Notlongago,theU.S.HousecommitteeonChinatooktheusualColdWarplaybooktoWallStreet,presentingfinancialexecutiveswitha"hypotheticalscenario"inwhichChinaposeda"systemicrisk"totheU.S.economy.TheseideologicallybiasedpoliticianshaveassertedthatChinaisa"sourceofrisk"andisnolonger"suitableforinvestment."EoinMills,aspokesmanforCummins,toldthemedia:"IfyousayanythingpositiveabouttheChineseeconomy,youwillhavetrouble."ThisphototakenonMarch15,2023showsexcavatorstobeshippedataportinLianyungang,eastChina'sJiangsuProvince.(PhotobyWangChun/Xinhua)WEBOFGRAYINTERESTSTheWesternbearishnarrativesarenotisolated--theyfrequentlyengagewithinternationalhotcapitalandevenWesternpoliticalforces,weavinganintricatewebofgrayinterests.Takealookattheirtypicalsteps--Westernmediaandinstitutionstaketheleadinsellingabearishnarrativetogarnerattentionwhileinternationalratingagenciesdowngradecreditratingstoattractclientinterest.Internationalhotcapitalthenfollowstobuylowandsellhighandpoliticiansexploitopportunitiestoadvancetheirinterests.It'sanarrativebattle,employingpsychologicalwarfare,leveraginginformationasymmetry,andshowcasingastutebusinessacumen--Westernentitieshavemasterfullyemployedthiscombinationfordecades,reapingsubstantialfinancialgainsandstrategicadvantages.FollowingthedisintegrationoftheSovietUnionin1991,Russiafellpreytosuchanarrativebattle.WesternizationandshocktherapynotonlyfailedtoreverseRussia'seconomicdeclinebutalsotriggereduncontrollableinflation,leadingtoadrasticriseinpovertyrates,andasubstantialdevalsuationofthenation'sassets.TheWestandtheirproxiestherebyseizedopportunitiesandoncegainedcontroloverRussia'seconomy.Inthe1990s,U.S.FinancierGeorgeSorosattackedtheThaiBahtbydisseminatingnegativenewsandamplifyingchallengesfacedbyThailandviaso-calledprofessionalmediaoutlets,layingthegroundworkforshortingtheeconomy.InJanuary,U.S.mediarevealedthatjournalistsfrommajormediaoutletssuchasCNN,CBS,NBC,NPR,BloombergNews,andTheWashingtonPosthadreceivedfundingfromSoros,actingashisaccomplicestofacilitatehisfinancialspeculation.ItappearsthatfinancialspeculationhasburgeonedintoalucrativeindustryintheWest.Numerousinvestorssubscribetothenotionthattoprosperinatumultuousmarket,oneshouldstrategicallyfishintroubledwaters.CertainWesterninvestmentbanksandinstitutionsstronglycriticizetheChineseeconomywhilebenefitingfrominformationasymmetry.Somesuggestso-calledreformplansthatoverlookChina'snationalconditions,andtherearealsoeconomistsprofitingfromspeechesandbooksthatholdanegativeviewoftheChineseeconomy.ButtheChineseeconomyishighlyresilient.AsChinapursuesopen,high-qualitydevelopment,itgeneratesnewopportunities,injectingcertaintyintoanunstableworldandboostingglobaldevelopment.Thankstoitsmassivemarketsize,technologicalinnovation,androbustdevelopmentresilience,Chinacanwithstandexternalpressureandovercomeinternaldifficulties.Indeed,itseconomyisrebounding,effectivelyrefutingvariouspessimisticarguments.Inaword,peddlingdeceitfulbearishnarrativesaboutChinaisdestinedtofail.Editor:DisclaimerTheviewsandopinionsexpressedinthisarticlearethoseoftheauthor's,GMW.cnmakesnorepresentationsastoaccuracy,suitability,orvalidityofanyinformationonthissiteandwillnotbeliableforanyerrors,omissions,ordelaysinthisinformation.