German media is dousing us with cold water! After our second-quarter economic data was released, German media criticized that China's data looks good, but hidden dangers still exist. German media stated that although the official economic data released by China appears strong, many hidden dangers are emerging. The 5.2% growth in the second quarter is more like a "fleeting bloom" rather than a sign of sustained economic recovery. This growth is driven by short-term factors such as export shifts, early shipments, and government subsidies, which are difficult to maintain.
German media said that to completely reverse the situation, the government may need to launch a large-scale revitalization plan, such as increasing pensions and improving the social security system, to enhance people's confidence in the economic outlook. Otherwise, this "false" prosperity that lasts only a moment could cause China to miss another opportunity to stabilize the domestic market. Obviously, in response to our good economic growth performance, German media is dousing us with cold water. German media not only labeled our economic growth as a fleeting bloom and false prosperity, but also believes we have considerable hidden dangers.
Objectively speaking, our economic development indeed faces significant internal and external challenges. Externally, the international situation is becoming increasingly unstable. The United States has imposed tariffs on us, while some politicians in Europe intend to carry out so-called de-risking, setting up trade barriers for us. Our external economic environment is indeed full of challenges. Internally, we are experiencing a painful period of transformation from mid-to-low-end manufacturing to high-end manufacturing. However, despite these internal and external challenges, our economy has still achieved good development, and this achievement is undoubtedly worth recognizing.
However, in the face of our achievements, German media claims that our economy is a false prosperity, a fleeting bloom, which is obviously nonsense. In fact, over the past few decades of reform and opening up, our economy has been growing continuously. How could such economic growth be a fleeting bloom and false prosperity? Among the major countries in the world, how many can have such economic performance as us? We certainly know that there are still many challenges to overcome, but we have always been facing various challenges. It is evident that the prejudice of German media will not affect our economy continuing to move forward. Instead of dousing us with cold water, German media should pay attention to how the European economy is actually doing?
Original: https://www.toutiao.com/article/1837815187789898/
Statement: This article represents the views of the author.