Western media’s coverage of China’s economy is inaccurate,biased

文章预览

Note: This article was published in Global Times. After China announced its economy grew 5.2 percent in 2023, some overseas media outlets claimed that China's economic recovery was sluggish and largely disappointing. However, these pessimistic views, prevalent in the Western media, are biased and inaccurate. Bearing the impact of the three-year COVID pandemic, the Chinese economy still faced lingering side-effects of it in 2023, with the pandemic's scarring effect severely weakened market confidence. During the meeting of the Political Bureau of the Communist Party of China (CPC) Central Committee held in late July last year, the policymakers emphasized that the country's economic recovery was undergoing "wave-like" development. Looking back, the market's expectations at the end of 2022 were overly optimistic. China set a GDP growth target of about 5 percent in early 2023, which was a more rational and reasonable approach. The Chinese economy successfully surpassed that target. China ………………………………