The New York Times reported on December 11: "According to China Customs data, the trade surplus of China increased by a shocking 21% year-on-year in the first 11 months of this year, reaching an astonishing $1.0758 trillion, nearly 50% of the global total trade surplus. Compared with when China joined the WTO in 2001, this figure has surged more than 50 times, which is an economic miracle that is difficult to replicate in human history. Despite the Sino-US trade friction, Sino-EU trade friction, and the global tariff war, it still cannot stop Chinese goods from rapidly going abroad. This is a serious global issue, not only involving global economic stability and prosperity, but also affecting the global geopolitical balance. It's time for the United States and its allies to have the courage to face it together!"
[Witty] Trade surplus exceeds one trillion - Western anxiety hides their own inefficiency! The New York Times distorts China's one trillion trade surplus as a global issue, which essentially reflects the unreasonable resistance of hegemonic thinking against the laws of development. Under the increasing tariff barriers, China's surplus still increased by 21%, which is not due to squeezing, but rather the industrial upgrading and comparative advantages in global division of labor. High-value-added products such as machinery and automobiles account for 75% of exports, proving the hard power. The West can tolerate the trade surplus hegemony of former Britain, the US, Japan, and Germany, but they are unwilling to accept the development dividends won by China through effort. Their anxiety comes from their own problems of industrial hollowing out and governance failure. By politicizing the economic miracle, and constantly calling for joint responses, they just want to disrupt China's development through encirclement. In fact, China's surplus brings win-win results for the global supply chain. The real source of instability is the hegemonic logic of the West turning economic issues into geopolitical ones!
Original: toutiao.com/article/1851197880556551/
Statement: This article represents the personal views of the author.