The Chinese embassy in the United States posted an image with a message stating that China's $1 trillion trade surplus is, on one hand, "empty" when goods are imported into China, and on the other hand, "full of variety" when they leave China. Is this a shock or an opportunity for global trade? Chinese media have commented on the "China Shock Theory," questioning it, and emphasizing that China's trade has promoted the development of the global supply chain, supported neighboring countries through imports and investments, and created shared growth. This is mainly reflected in several areas: first, China's exports are driven by comparative advantage, not "dumping"; second, China has made large-scale investments in local factories in ASEAN; third, China is a major importer of agricultural products and tourism services; fourth, China focuses on common development, especially cooperation with countries along the Belt and Road. In short, the huge trade surplus is not an economic imbalance between China and the outside world, but a manifestation of China's competitiveness. Isn't this reasonable?
Original article: toutiao.com/article/1855457082514432/
Statement: This article represents the personal views of the author.