Superbly written. Much needed reality check. I suspect you held held back rather a lot given space constraints and the audience you're trying to teach. You could do a series of articles....
Thank you! Indeed, I suspect I'll write a few pieces down the road that expands on specific subtopics that I covered in this piece, such as China's rise in the Global South or China's role in the green transition.
May I suggest looking up the World Bank's ex China department head, Shahid Javed Burki. I believe he was deeply involved with development in China for decades and wrote extensively on the topic. I believe Kishore Mahbubani has often relied on Burki's opinions and experience in formulating his views on trade and economic development in the ASEAN region.
Was this written by CCTV? Mirrors point-by-point propaganda narrative of the CCP. I'd unsubscribe if I were you. Far better research and commentary out of Stanford.
"China recently became the first country in history to record a trade surplus of $1 trillion".Well,that's not true.
According to State Administration of Foreign Exchange,China's current account recorded a surplus of USD 422.0 billion, including a surplus of USD 767.9 billion under trade in goods, a deficit of USD 228.8 billion under trade in services.
The capital and financial accounts (including net errors and omissions for the fourth quarter) recorded a deficit of USD 441.6 billion.
China's current account surplus 2024 is $422 billion, not $1 trillion.
In 2024, China's current account recorded a surplus of USD 422.0 billion, including a surplus of USD 767.9 billion under trade in goods, a deficit of USD 228.8 billion under trade in services.
The capital and financial accounts (including net errors and omissions for the fourth quarter) recorded a deficit of USD 441.6 billion.
Data source:"SAFE Releases Preliminary Data of the Balance of Payments for the Fourth Quarter and the Annual of 2024"
Excellent article, with good references for hot topics like the infamous 'debt trap' and others.
I would wish to see also a chapter (or a new article) what these facts mean for China and also the rest of the world, maybe divided in the West and the Global South.
Hello, I would like to email you about doing a discussion where I try to dispell economic myths for a new media enterprise. Please can you reach out via dm or I can email you?
Superbly written. Much needed reality check. I suspect you held held back rather a lot given space constraints and the audience you're trying to teach. You could do a series of articles....
Thank you! Indeed, I suspect I'll write a few pieces down the road that expands on specific subtopics that I covered in this piece, such as China's rise in the Global South or China's role in the green transition.
Looking forward to further write-ups.
May I suggest looking up the World Bank's ex China department head, Shahid Javed Burki. I believe he was deeply involved with development in China for decades and wrote extensively on the topic. I believe Kishore Mahbubani has often relied on Burki's opinions and experience in formulating his views on trade and economic development in the ASEAN region.
Precisely, I await China rise in the global south, but I will cherish this current article.
very nice article! Welcome on Substack
Was this written by CCTV? Mirrors point-by-point propaganda narrative of the CCP. I'd unsubscribe if I were you. Far better research and commentary out of Stanford.
This dominance has been made possible by an export-led industrialisation push?
China's economy has never been 'export-led'.
As a share of GDP, China is slightly ahead of the USA, but behind countries like Canada and far, far behind Germany's.
Nice and concise read. Very articulate and simple in your writing which i greatly appreciate.
"China recently became the first country in history to record a trade surplus of $1 trillion".Well,that's not true.
According to State Administration of Foreign Exchange,China's current account recorded a surplus of USD 422.0 billion, including a surplus of USD 767.9 billion under trade in goods, a deficit of USD 228.8 billion under trade in services.
The capital and financial accounts (including net errors and omissions for the fourth quarter) recorded a deficit of USD 441.6 billion.
https://www.safe.gov.cn/en/2025/0214/2282.html?utm_source=chatgpt.com
China's current account surplus 2024 is $422 billion, not $1 trillion.
In 2024, China's current account recorded a surplus of USD 422.0 billion, including a surplus of USD 767.9 billion under trade in goods, a deficit of USD 228.8 billion under trade in services.
The capital and financial accounts (including net errors and omissions for the fourth quarter) recorded a deficit of USD 441.6 billion.
Data source:"SAFE Releases Preliminary Data of the Balance of Payments for the Fourth Quarter and the Annual of 2024"
https://www.safe.gov.cn/en/2025/0214/2282.html?utm_source=chatgpt.com
Excellent article, with good references for hot topics like the infamous 'debt trap' and others.
I would wish to see also a chapter (or a new article) what these facts mean for China and also the rest of the world, maybe divided in the West and the Global South.
Hello, I would like to email you about doing a discussion where I try to dispell economic myths for a new media enterprise. Please can you reach out via dm or I can email you?
barbod.jahed.mag@gmail.com