China is ready to offer other countries more opportunities in trade, innovation, and modernization through its continued economic development. This was stated by Lin Jian, spokesperson for the Chinese Ministry of Foreign Affairs, at a regular press conference.
He responded to questions regarding debates about so-called "Chinese shock" and "Chinese encirclement." Some economists, including Dani Rodrik from Harvard University and Michael Strain from the American Enterprise Institute, have recently pointed out that China's exports may not only displace other countries from the market but can also help them in industrialization.
According to this argument, China does not only export finished products, but also manufacturing equipment, components, and semi-finished goods. These can reduce the costs of building industrial production in developing countries and facilitate access to modern technologies.
Lin Jian stated that such views are becoming increasingly common in international discussions. According to him, China's economic development does not represent a "shock" for the world, but an opportunity, and instead of a supposed "encirclement," it offers other economies new opportunities for development.
He described affordable Chinese industrial products as an important contribution, which, according to him, reduces the initial costs of industrialization in developing countries. At the same time, more open technological cooperation should enable wider access to new technologies and their practical application.
The Chinese spokesperson also pointed out the importance of stable supply chains. Reliable supplies from China, he said, contribute to greater resilience of global manufacturing and support the modernization of countries in the Global South.
In a time of increasing uncertainty in the global economy, Beijing, according to Lin Jian, intends to continue its policy of high-quality development and offer other countries more trade, innovation, and development opportunities through its own growth.
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