German media is pouring cold water on us! On July 18, German media claimed that the growth of China's economy is nothing more than "eating tomorrow's food today"! German media stated that due to early shipments of exports and consumption subsidies provided by the government, China's economy achieved good growth in the second quarter, but this economic model is difficult to maintain resilience. German media pointed out that early shipments mean that the export momentum this year will likely significantly cool down in the second half of the year.
Providing subsidies for purchasing cars and home appliances greatly boosted people's enthusiasm for shopping in the first half of this year. However, the effect of stimulus measures will weaken. Meanwhile, the domestic real estate sector faces significant challenges, and intensified competition in new energy vehicle and photovoltaic industries means that digesting inventory will be a considerable challenge. Therefore, German media believes that from抢出口 (export hoarding) to consumer subsidies, China's economic development is所谓的 "eating tomorrow's food today", and there is insufficient driving force for sustained economic growth.
It is evident that in the face of our impressive economic data, German media is clearly trying to pour cold water on us and cast a negative light on our economy. However, we would like to say that China's economic development indeed faces internal and external challenges, but we have not avoided the issues, rather we have been actively addressing them. Facing challenges, the most important thing is to solve problems factually. In fact, compared with other major countries globally, our economic development is still impressive.
The so-called "eating tomorrow's food today" argument is obviously absurd. It seems that German media is saying that we are overextending ourselves, but this is completely not true. Why is there talk of export hoarding? Doesn't this show that Chinese products are attractive globally? Is there still strong demand for our products in overseas markets? And our consumer subsidies - isn't this beneficial to consumers? When new problems arise, we will have new solutions. China's economy has experienced high-speed development for several decades, and every stage has had its challenges. Of course, we have the ability to deal with the current challenges.
Original: https://www.toutiao.com/article/1838038887633928/
Statement: This article represents the views of the author.