China’s foreign ministry vehemently refuted claims from Western nations that its economy is on the brink of collapse.
Officials from countries such as Australia and the United States have expressed concerns about the stability of the world’s second-largest economy.
U.S. President Joe Biden went so far as to label China’s economic situation a “crisis,” while Australian Treasurer Jim Chalmers warned that a slowdown in the Chinese economy could adversely affect Australia.
In response, Mao Ning, a spokesperson for the Chinese foreign ministry, addressed these concerns during a routine press briefing.
Mao emphasized that there have been sporadic claims of China’s impending collapse over time.
Nevertheless, she underscored that these claims are baseless, asserting that China’s economy remains robust and resilient. Mao refrained from mentioning specific individuals such as Biden or Chalmers.
The spokesperson asserted that China’s economy continues to possess immense potential, and its long-term prospects for improvement remain unchanged.
She expressed confidence in China’s ability to facilitate sustainable and healthy economic growth.
China’s economic rebound, initially swift in the wake of three years of stringent COVID-19 restrictions, has recently faced challenges due to sluggish consumer spending and a deepening property downturn.
Despite this, analysts surveyed by Reuters forecast a 5.0% growth rate for China’s economy this year, slightly lower than the 5.5% projected in a July survey.
In summary, China’s foreign ministry firmly denied assertions of an impending economic collapse, emphasizing the nation’s enduring economic strength and potential.
While acknowledging recent economic challenges, Chinese officials remain confident in their ability to steer the country towards sustained and healthy economic development.