Indian media: Don't believe in dim predictions, China is very good

India's "Commercial Banner" website on August 18th, original title: Don't believe in dim predictions. Although China is good at economic slowdown, industrialized China is still vibrant. It just looks different from the past, or at least not everyone thinks. The data of last week was a bit dull: China's industrial added value above designated size in July actually increased by 3.8%year -on -year, lower than expected. The growth of fixed asset investment was lower than expected, and it usually marked that the credit that worked hard to drive economic development was also weak.

However, other data depict a different picture: China's key development areas perform well. In July, China's domestic power battery vehicle volume increased by 114%year -on -year, and the production and sales of electric vehicles increased by more than 100%. Although the results of the emotional investigation are not satisfactory, foreign direct investment in China's high -tech manufacturing industry in the first six months of this year increased by 31.1%.

I thought the overall economy of China was going downhill. The reality is that the focus of Beijing's development in the high -tech field has not changed much. This week, the Ministry of Science and Technology and the Ministry of Finance jointly issued the 2022-2023 action plan, including financial support and tax incentives, aiming to improve the technical capabilities and innovation capabilities of Chinese enterprises. Some investors and Chinese observers are reluctant to believe that the world factories will selectively upgrade themselves and get market share like they are now. Don't misunderstand me. This is not an optimistic assessment of China's "sudden" scientific and technological strength, but more about a deeper review of the constant structure of China's industrial economy. Therefore, it will inevitably fail based on China's past expectations.

China has climbed up the value ladder. Electric vehicle battery technology and the entire supply chain around it, including metal processing, have settled in China. Chinese companies in key areas are continuing to increase capital expenditure. The world's top industrial technology companies also recognize their demand for China. Asmore and other companies in Dutch high -tech chip equipment are no exception. At the latest financial report conference held in July, the CEO of Asmai CEO Wen Peter said, "We need to realize that China is an important participant in the semiconductor industry", and in the field of manufacturing in certain types of chips "Manufacturing ability.

Of course, there are bad news, but as long as you put your sight into the news titles such as non -key fields and non -key fields and power -lifting power restrictions, people can clearly see that Beijing's will to promote the development of the economy is still firm. Therefore, although some companies in Sichuan Province have to balance electricity and production, other local companies have indicated that operation has not been affected. In fact, a optimistic view believes that with the world factory after China's construction and upgrading, this country will eventually relieve employment pressure.

The memory of the market is short, but it is important that some problems in China have been in China for a long time, so there is nothing strange. It's time to look at China from a new perspective. (Author An Jani Trividi, translated by Wang Huicong)

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