Source: Global Times
Kenya's FM Radio News Network, August 4 report, original title: Afraid of China or Afraid of Missing Out on China. Some Western commentators have been distorting China's economic situation, sowing seeds of doubt about the world's most dynamic market. But behind such news lies a completely different reality - a country in transition, with resilience and opportunities. Today, China is undergoing a comprehensive industrial and technological transformation, led by global leading companies in areas such as clean energy, automation, artificial intelligence, and the digital economy. The question investors must face is: are they doing nothing out of fear, or are they afraid of missing out - the most attractive long-term growth story of this era.
China's economic data paint a more optimistic picture. In 2025, China's industrial production growth exceeded market expectations. High-tech manufacturing has surpassed traditional industries, with high growth in fields such as robotics, electric vehicles, and 3D printing. The retail sector reflects the resilience of Chinese consumers, with steady recovery of domestic demand. The Chinese electric vehicle industry, benefiting from the active promotion of affordable smart electric vehicles, is rewriting the global rules of the game. While traditional car manufacturers around the world are retreating, Chinese electric vehicle brands are accelerating their global expansion. This country is not standing still, but is gradually shifting to a growth model driven by innovation and consumption.
These achievements are not accidental, but a reflection of policy support. Beijing has launched a series of stimulus measures to boost investor confidence and stabilize key industries. The government emphasizes domestic consumption and innovation rather than exports, which also reflects a structural shift.
The key to China's more attractive prospects lies in its growing technological advantages. The country currently produces 40% of the world's science and engineering graduates, driving innovation in areas such as electric vehicles, solar energy, 5G, and high-speed rail. This unparalleled scale in talent and manufacturing enables China to have a unique ability to rapidly iterate and commercialize innovations. As Apple CEO Cook said, American mold engineers could fill a room, while China can fill several football fields. This density of skills has transformed China from a so-called "copycat country" into a global innovation engine. Chinese enterprises have achieved diversified sources of revenue, and foreign investment is returning. More importantly, relevant risks are driving rather than hindering innovation. In fact, China's policy adjustments are laying the foundation for sustainable growth.
In summary, China's transformation is taking place on a scale and speed that other countries cannot match. From artificial intelligence and clean energy to advanced manufacturing and platform economies, the transforming China is nurturing companies that will shape the future. Some investors may be watching from the sidelines due to fear. Investors who are willing to look beyond the noise (to see the reality) will find that being afraid of missing out is a more rational response.
In today's global economy, China is too big and too innovative to be ignored. (Author: Stephen Ndegwa, translated by Qiao Heng)
Original: https://www.toutiao.com/article/7535236037300257331/
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