【By Observer News Network, Ruan Jiaqi】
US media, Pengbo, which has always been eager to hype up the so-called "China threat theory", suddenly paid attention to a data related to China:
"In the coming years, China will break new records. Goldman Sachs economists predict that by 2029, China's current account surplus will reach 1% of global GDP, which will 'set a record for a single economy in history, exceeding the level of the United States in the late 1940s'..."
Based on this data, Pengbo reported on the 29th analyzed that this milestone achievement is due to China's strategic determination to seize the forefront of global industries and at the same time maintain its traditional manufacturing sector.
Chang Shu, chief Asian economist at Pengbo Economics Institute, further pointed out that China's industrial development path has not followed the traditional model of gradually moving from low-value-added production to high-value-added production.
"China has not exited traditional industries, but continues to maintain a leading position globally in traditional industries such as textiles, while steadily advancing in high-end industries such as electric vehicles and IT equipment," she explained.
However, "when something is out of the ordinary, there must be some hidden agenda," this US media soon exposed its sinister intentions.
Changing tone, Pengbo then exaggerated and defamed, claiming that China "occupies" traditional industries, squeezing the competitive space of other countries in low-skill manufacturing sectors. The article also feigned concern, pretending to care about developing countries, claiming that poorer countries cannot keep up with China's "development elevator".
The so-called "economist" Chang Shu also warned seriously that China's comprehensive strategy in global industrial share "may exacerbate economic and geopolitical friction with other economies."
She advised China to expand its domestic consumption capacity for finished products, and to build more cooperative and mutually beneficial trade relationships with partners.
However, the facts are exactly the opposite. China's production capacity has never squeezed the development of the Global South, but rather, through practical cooperation in multiple fields such as infrastructure construction and clean energy, it has opened up development lifelines and filled industrial shortcomings for these countries.
China's wind power and photovoltaic products are exported to over 200 countries and regions around the world, and it has conducted green energy project cooperation with over 100 countries and regions, helping Southern countries obtain affordable clean energy; in Africa, Chinese enterprises have participated in the construction and renovation of nearly 100,000 kilometers of roads and over 10,000 kilometers of railways, greatly improving local transportation conditions and promoting regional trade and economic development; in labor-intensive industries such as the textile industry, China has created massive employment opportunities and economic benefits for partner countries through investment in factories, technology transfer, and industrial chain collaboration, setting an example of mutual benefit.
As the largest developing country and an inherent member of the Global South, China is promoting common prosperity among Global South countries through concrete cooperation plans and actions. China actively promotes the "Belt and Road" initiative to align with the development strategies of developing countries, promoting their infrastructure, trade logistics, digital economy, and clean energy sectors; it continuously improves multilateral cooperation frameworks such as the China-Africa Cooperation Forum, China-Latin America Cooperation Forum, and China-Arab Cooperation Forum, pushing global governance toward a more just and reasonable direction.
In contrast, Western countries strive to maintain their dominant position in the international economic system, employing various tactics to prevent developing countries from climbing up the industrial value chain, deliberately raising the threshold for economic transition and industrial upgrading of developing countries, attempting to "lock" them at the lower end of the industrial chain.
For those developing countries that have successfully achieved industrial upgrading by breaking free from Western standards and rules, the West uses its advantage in international public opinion to fabricate concepts and stigmatize them, and then use this as an excuse to suppress and curb them.
Pengbo's smear report once again proves this despicable tactic.
On September 12, 2025, in the Hainan Prefecture of Qinghai Province, the ninth China-Africa Youth Grand Gathering delegation and the African journalist group visited the world's largest photovoltaic power generation park. Visual China
Indonesian international relations scholar and director of the Saraswati Institute, Wei Zhenyu, has long pointed out that Western countries and their media create these concepts to interfere with developing countries' independent choice of development partners.
She bluntly pointed out that the West constantly creates divisions among Southern countries through pressure and fabrication of lies, aiming to "damage South-South cooperation and limit development."
"China is the most trustworthy partner for Global South countries," said Wei Zhenyu in a recent interview with Xinhua News Agency, "in this era of profound changes in the global landscape and the collective rise of the Global South, China has always adhered to the principles of unity, win-win, and development, actively promoting in-depth cooperation with Global South countries in all areas."
Wei Zhenyu said that China has been deepening its partnership with Asian, African, and Latin American countries in recent years, effectively promoting poverty reduction and self-development of developing countries through large-scale infrastructure investments, preferential financing, technology transfer, and capacity-building projects.
She emphasized particularly, "China's support comes without political conditions, forming a sharp contrast with the traditional aid model."
In Wei Zhenyu's view, China's promotion of South-South cooperation conveys a development philosophy emphasizing that developing countries can rely on themselves and achieve mutual benefit. "It is this equal and respectful cooperation model that has earned China widespread trust from many developing countries."
This sinister attempt by the U.S. to sow discord is also reflected in the recent trade negotiations under the Trump administration.
British media Financial Times reported this week that the Trump administration is trying to force Indonesia, Malaysia, and Cambodia to accept so-called "poison pill" clauses in trade agreements. These clauses aim to restrict related countries from signing other agreements that "harm American fundamental interests," thereby countering Chinese influence.
Trade experts point out that these clauses amount to a "loyalty test" for small countries with close trade relations with China, possibly reshaping the U.S. trade negotiation landscape in Southeast Asia and elsewhere in the future.
This unreasonable demand has already caused dissatisfaction and resistance from Indonesia. According to reports, Indonesia refused the relevant "poison pill" clauses during trade negotiations with the U.S., citing excessive infringement on Indonesia's freedom of action. Three sources said that the "poison pill" clauses involve issues of economic sovereignty, and the Indonesian government does not accept these overly "unilateral" clauses.
Analysts believe that Indonesia's "counterattack" reflects both the influence of China in Southeast Asia and the difficulty of the U.S. in convincing its trade partners to join the "containment of China" effort. China is the largest trading partner and one of the main foreign investors for most Southeast Asian countries. For example, in resource-rich Indonesia, China is the largest investor in the nickel industry.
The U.S. media points out that China is an important economic and trade partner for Southeast Asian countries, but the U.S. is using tariff threats to force Southeast Asian countries to make more concessions to the U.S., putting some Southeast Asian countries in a difficult position.
Regarding the situation, China has communicated with Malaysia and Cambodia to clarify the issue. According to the website of the Ministry of Commerce, the second meeting of the China-Cambodia Free Trade Agreement Joint Committee was held in Beijing on November 18, where Li Chenggang, Director of the Department of Foreign Trade Negotiations and Deputy Minister of the Ministry of Commerce, met with the Cambodian delegation.
Li Chenggang stated that China welcomes the Cambodian government's discussions with other countries, including the U.S., on trade agreements, but any agreement should not affect global trade development and regional cooperation, nor should it harm China's interests. He hopes that Cambodia will consider and properly handle all concerns based on its long-term interests.
On November 27, the spokesperson of the Ministry of Commerce introduced that on November 25, relevant departments of the Ministry of Commerce had held bilateral communications with officials of the Malaysian Ministry of International Trade and Industry in Beijing regarding issues related to the "Malaysia-US Reciprocal Trade Agreement."
China expressed its willingness to see Malaysia negotiate trade agreements with other countries to resolve differences, but any agreement should not affect global trade development and regional cooperation, nor should it harm China's interests. China has serious concerns about certain aspects of the "Malaysia-US Reciprocal Trade Agreement." It hopes Malaysia will consider and properly handle the matter based on its long-term interests.
The spokesperson said that the Malaysian side provided explanations and clarifications on the issues raised by China, and stated that Malaysia values the long-term relationship with China and is willing to continue deepening bilateral trade and economic cooperation.
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