Foreign media: The West needs to get used to this matter in China

2023-07-04

On June 28, the website of the Dutch magazine Bits and Chips published an article entitled "China is rising, get used to it", written by Ade Fredenbrecht, owner of Walloli, the Netherlands. The article excerpt is as follows: Geopolitics, economy, technology, climate, public health, and population are all undergoing unprecedented changes. In this great transformation, a new world order is taking shape, with China at the center. Obviously, some people find this difficult to accept. Analysts believe that the "the Belt and Road" initiative represents a large-scale expansion of China's strength, and it is difficult for the West to provide a vision to compete with it. Regardless of the future world order, China will play a crucial role. Any enterprise conducting international business needs to consider China's growing influence. China will continue to serve as an important contributor to world economic growth and has become a major trading partner for most countries in the world. It is expected that the number of middle class people in Asia will double by 2030. This means that the geographical distribution of demand is shifting Ad orientem. The competition on the supply side will also become more intense, as Chinese companies provide more competitive product value than the West. By utilizing key technologies such as artificial intelligence, quantum computing, and new materials, Chinese industry has made progress in many fields such as renewable energy, manufacturing, and life sciences. International companies that do not conduct business in China may be marginalized over time. With or without US sanctions, China will make progress in semiconductor technology. For companies in the semiconductor industry, missing out on the Chinese market may seriously weaken their competitiveness. Both politicians and business leaders cannot bury their heads in the sand, hoping for the best results. The stakes for doing so are too high. The trade war between the two largest economies in the world will have a devastating impact on the future of the entire world economy. The dispute between the two sides should be resolved in a constructive manner, starting with a frank dialogue. The cultures, individuals, and communities of China and the United States need to respect each other. We need to break stereotypes, enhance understanding, and promote cooperation. By valuing and respecting each other's differences, China and the United States can forge a stronger relationship and strive to establish a more harmonious new world order. (New News Agency)

Edit:XiaoWanNing    Responsible editor:YingLing

Source:Reference News

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