久久精品30_一本色道久久精品_激情综合视频_欧美日韩一区二区高清_好看的av在线不卡观看_国产自产精品_91久久黄色_午夜亚洲福利_欧美黄在线观看_国内自拍一区

7156700

Home -

Xinhua Commentary: "China surplus anxiety" mirrors West's "rationality deficit"

Xinhua
| December 18, 2025
2025-12-18

BEIJING, Dec. 18 (Xinhua) -- In recent weeks, some Western media headlines have fixated on China's goods trade surplus, often portraying it in stark terms and as a threat to industries in the West. This narrative strips international trade of its economic context, weaponizing a single metric into a story of Chinese economic aggression.

Yet, this framing reveals less about China's trade practices and more about a growing anxiety within the West -- anxiety over its own economic vitality and a palpable reluctance to adapt to a global system it once championed. Such deliberate distortion of normal trade into a systemic threat betrays a fundamental misreading of global dynamics, underpinned by a growing "rationality deficit."

What is presented as concern over "imbalance" is, in reality, a distraction from deeper structural weaknesses in the West. Rather than confront the roots of their own economic challenges, some Western commentators have turned China's surplus into a scapegoat.

First, the "record surplus" is a selective and misleading metric on trade dynamics. It glaringly omits trade in services, where China runs a deficit exceeding 100 billion U.S. dollars in the first 10 months of this year -- despite Western policies such as higher visa barriers for Chinese students that choked their own education exports to China.

It also disregards the fact that sweeping Western restrictions on high-tech exports to China constitute a self-imposed constraint on their own goods trade. In both cases, the West is constraining its own competitive advantages and then blaming China for the resultant trade picture.

Moreover, trade is an exchange across time, not just across borders. When China exports goods, it often reinvests the proceeds by purchasing foreign bonds and equities, providing loans, and building factories overseas. Today's surplus may well finance tomorrow's imports or investments.

Second, the so-called "Chinese surplus" is, in essence, a "global surplus." A product "made in China" is frequently the embodiment of global collaboration, integrating design, core components, and technologies from the United States, Europe, Asia and beyond. China's surplus reflects multinational firms' collective choice for efficiency, reliability, and integrated manufacturing ecosystems.

According to customs data, exports and imports by foreign-invested enterprises accounted for 29.3 percent of China's total foreign trade in the first 11 months of 2025, while processing trade, which is closely linked to the global division of labor, accounted for 18.8 percent. China's surplus not only benefits its own economy, but also drives production, innovation, and employment elsewhere.

Third, and most ironically, the West is now attacking the very rules it architected. International trade occurs fundamentally because both sides benefit -- a principle embodied in the theory of comparative advantage. This theory, which rationalizes global division of labor based on relative strengths, provided the key economic rationale that propelled Britain, the United States, and Germany into manufacturing powerhouses and chronic surplus countries during their industrial ascent.

Today, however, when China rises on specialization and global cooperation, its surplus is portrayed as a threat. This inconsistency reveals not a problem with trade theory, but a crisis of confidence in the West.

Perhaps the more pertinent question is why the West exhibits such deep anxiety. Beneath the surface, the West's discomfort stems from an unwillingness to confront its own economic problems. For decades, it outsourced manufacturing, prioritized short-term financial returns, and neglected industrial renewal. It is easier to cry "foul play" than to confront the hard truths.

China does not seek a trade surplus. In fact, recent key policy meetings have emphasized boosting domestic demand as the top priority for growth.

This strategic pivot is underpinned by sustained, concrete efforts to expand imports to achieve a more balanced trade. For instance, as the world's first national-level exhibition dedicated to imports, the China International Import Expo has established itself as a global public good with cumulative intended deals exceeding 580 billion dollars over its eight sessions, showcasing the vast potential of China's market.

As the world's second-largest economy shifts toward greater consumption, it presents a growing market opportunity -- one that Western businesses could seize, if their governments choose cooperation over restriction.

Ultimately, the clamor over China's surplus is a deafening distraction from the imperative of introspection. The West's pressing challenge lies not in its trade ledger, but in a deficit in rationality -- in mustering the courage to confront uncomfortable truths, embrace a forward-looking vision, and marshal the political will essential to revitalize its own economic foundations. Enditem

7156713
久久精品30_一本色道久久精品_激情综合视频_欧美日韩一区二区高清_好看的av在线不卡观看_国产自产精品_91久久黄色_午夜亚洲福利_欧美黄在线观看_国内自拍一区
中文字幕一区日韩精品欧美| 亚洲天堂成人网| 日韩一区二区在线观看视频播放| 3d成人h动漫网站入口| 亚洲精品一区二区三区四区高清 | 亚洲国产激情av| 亚洲高清免费观看高清完整版在线观看| 亚洲另类一区二区| 久久er99精品| 91浏览器在线视频| 亚洲色诱最新| 日韩精品中文字幕一区二区三区| 中文字幕高清一区| 久久69国产一区二区蜜臀| 99在线视频精品| 国产伦精品一区二区三| 日韩欧美色电影| 日韩主播视频在线| 欧美 日韩 国产 一区| 欧美日韩国产综合草草| 一区二区三区四区在线| 99国产精品99久久久久久| 色久综合一二码| 亚洲天堂中文字幕| 成人h动漫精品| 久热国产精品| 一区二区久久久久久| 91麻豆精品秘密| 日韩一区二区免费在线观看| 亚洲国产成人91porn| 91麻豆swag| 日韩欧美黄色影院| 另类综合日韩欧美亚洲| 国产伦精品一区二区三区视频黑人| 久久久久久亚洲综合| 国产一区二区电影| 欧美系列在线观看| 五月激情六月综合| 久久福利影视| 婷婷久久综合九色综合绿巨人 | 成人自拍视频在线| 日韩视频免费观看高清完整版在线观看 | 欧美理论在线播放| 亚洲二区精品| 欧美一区二区三区精品| 成人中文字幕电影| 亚洲一区二区黄色| 久久久久国产一区二区三区四区| 日韩高清不卡一区| 一本大道av一区二区在线播放| 亚洲精品大片www| 亚洲免费大片| 日本伊人精品一区二区三区观看方式 | 大陆成人av片| 久久精品夜色噜噜亚洲aⅴ| 粉嫩嫩av羞羞动漫久久久| 久久午夜老司机| 伊人久久婷婷| 国产一区在线观看视频| 久久久久久久综合狠狠综合| 999亚洲国产精| 国产成人精品在线看| 亚洲欧美影音先锋| 欧美精品乱人伦久久久久久| 欧美天天在线| 国产精品99久久久久久久vr| 最新不卡av在线| 欧美日韩国产高清一区| 亚洲人成人一区二区三区| 日韩精品一二三| 亚洲欧美日韩中文播放| 欧美精品在线观看一区二区| 新67194成人永久网站| 国产精品萝li| 老司机一区二区三区| 成熟亚洲日本毛茸茸凸凹| 精品成人a区在线观看| 黄色工厂这里只有精品| 国语精品一区| 欧美日韩国产亚洲一区| 亚洲三级影院| 麻豆91精品| 国产欧美日韩综合一区在线观看 | 亚洲激精日韩激精欧美精品| 成人丝袜高跟foot| 国产成人免费视频网站 | 日韩毛片一二三区| 在线观看亚洲成人| 国产精品国产三级国产普通话蜜臀| 一区二区三区久久网| 欧美一区91| 国产精品99久久久久久有的能看| 午夜天堂影视香蕉久久| 国产日产亚洲精品系列| 欧美大肚乱孕交hd孕妇| 在线欧美日韩精品| 亚洲激情二区| 欧美日韩国产高清| 亚洲在线一区二区三区| 一区二区三区精品国产| 欧美一区二区三区久久精品茉莉花 | 国产亚洲精品资源在线26u| 欧美三区在线观看| 久久字幕精品一区| 久久久久久一区| 香蕉av777xxx色综合一区| 亚洲视频综合| 在线视频欧美一区| 亚洲精选在线| 国产精品主播| 成人黄色免费短视频| 在线免费不卡视频| 久久综合精品一区| 欧美日韩专区在线| 久久精品一区二区三区不卡| 亚洲天堂久久久久久久| 亚洲狠狠爱一区二区三区| 久久精品999| 欧美成人69| 久久亚洲精选| 在线综合+亚洲+欧美中文字幕| 欧美日韩高清一区二区不卡| 91精品国产综合久久婷婷香蕉| 久久这里都是精品| 中文字幕亚洲不卡| 蜜桃视频一区二区三区在线观看| 亚洲精品一区二区三区福利| 99在线精品视频在线观看| 国产露脸91国语对白| 国产v综合v亚洲欧| 在线欧美三区| 欧美午夜精品久久久久久超碰| 日韩一区二区三区三四区视频在线观看| 久久综合国产精品| 久久久亚洲精品一区二区三区| 日本一区二区高清| 亚洲日本在线天堂| 国产成人精品一区二区三区网站观看| 欧美成人69| 欧美日韩精品高清| 一区二区三区四区五区视频在线观看 | 亚洲美女视频一区| 国产91在线看| 在线视频观看一区| 成人免费一区二区三区视频 | 国产精品99久久不卡二区| 亚洲尤物在线| 制服丝袜av成人在线看| 自拍偷拍亚洲欧美日韩| 国产精品88av| 色94色欧美sute亚洲线路二| 国产精品免费视频观看| 精品一区二区日韩| 久久久久九九九| 94-欧美-setu| 国产综合色产在线精品| 美国十次了思思久久精品导航| 欧美精品一区二区视频| 在线不卡欧美精品一区二区三区| 日韩一区有码在线| 国产精品小仙女| 欧美午夜视频网站| 天天操天天色综合| 久久久精品动漫| 日韩国产欧美在线播放| 欧美在线三级电影| 麻豆免费看一区二区三区| 国产精品日本| 日本少妇一区二区| 欧美中文字幕久久| 亚洲国产一区二区在线| 欧美高清视频一区| 国产精品国产三级国产专播品爱网 | 亚洲高清不卡| 首页欧美精品中文字幕| 91福利精品视频| 国产不卡视频在线播放| 国产日韩精品一区| 欧美久久在线| 《视频一区视频二区| 久久久久久九九九九| 黑人巨大精品欧美黑白配亚洲| 日韩免费福利电影在线观看| 亚洲三级国产| 久久这里都是精品| 国产一区二区剧情av在线| 日韩视频免费观看高清完整版在线观看 | 欧美精品aa| 蜜桃一区二区三区四区| 精品国产91乱码一区二区三区| 大美女一区二区三区| 亚洲六月丁香色婷婷综合久久 | 精品午夜久久福利影院| 欧美一区1区三区3区公司| 久久综合色播五月| 久久国产手机看片| 欧美视频1区| 国产成人在线色| 视频一区中文字幕| 国产精品美日韩|