Complimentary Comment to MoA's "How Sanctions Failed To Hinder China's Development"

Technical problems with Moon of Alabama’s software prevented this complementary comment to b’s article to be posted, so it will be published here.

Today's article has several companions at Global Times today with, ‘Small yard and high fence’ harms US credibility, business; Chinese firms to 'break through US sci-tech blockade': China’s restraint will not be maintained limitlessly if there’s no substantive correction of US hostile trade policies", being at top dead center. It opens:

After having wrapped up a four-day high-stakes visit to China which she described as "successful and productive," US Commerce Secretary Gina Raimondo on Sunday (local time) pointed the finger at China's business environment, talked down China's economy and defended US chip export restrictions on China during interviews with US media outlets.

Chinese experts on Monday criticized the duplicity of Raimondo and the Biden administration, saying it was indecent and irresponsible for them to ignore China's recent preferential policies for foreign investment. From Raimondo's recent comments, it can be seen that the US wants China to accept "cooperation" in fields set by the US that are beneficial to Washington, confining China in a "small yard with a high fence."

If the US continues to maintain such duplicity, and there is no substantive correction of US hostile and discriminatory trade policies against China, China's current restrained countermeasures will not be maintained limitlessly. Meanwhile, the speed of development of Chinese enterprises will further show that the US restrictions and blockades against China for political reasons can only satisfy the imagination of politicians, and the damage to the US' credibility and the interests of American enterprises would be substantial, experts said.

That article is followed by this one where its attendees will have paid close attention to the duplicity of the Outlaw US Empire discussed above, "ASEAN summit to call for centrality, downplay geopolitics: Biden's absence proves US more interested in rivalry than multilateral cooperation", and opens thusly:

With the shared concern over global economic growth where Asia plays a pillar role, leaders of ASEAN members and dialogue partner countries are gathering in Jakarta for the 43rd ASEAN Summit and related meetings scheduled from Tuesday to Thursday.

While geopolitical tensions and disputes on some topics loom over the agenda, analysts said the group wants to strengthen its focus on dialogue, cooperation and peaceful development, which the US has less interest in than its rivalry with China, and therefore it is sending the vice president to Indonesia.

In tandem with the article is the following Infographic, "China-ASEAN bilateral trade in numbers",

Then further down the page is more about the ASEAN Summit, "China, ASEAN eye closer economic and trade ties during upcoming China-ASEAN Summit, with digital cooperation, green economy in spotlight: experts", although there's more than the ASEAN Summit that's occurring this week in Indonesia:

As the 26th China-ASEAN Summit is just around the corner, Chinese experts said on Monday that during the summit, China and ASEAN are expected to upgrade the quality of China-ASEAN economic and trade cooperation, noting that against the backdrop of sluggish global economic growth, China-ASEAN sustainable cooperation will give continuous impetus to the development of the world economy.

At the invitation of President Joko Widodo of Indonesia, the current chair of the ASEAN, Chinese Premier Li Qiang will attend the 26th China-ASEAN Summit, the 26th ASEAN Plus Three Summit and the 18th East Asia Summit to be held in Jakarta, Indonesia from Tuesday to Friday, and pay an official visit to Indonesia.

As the Infographic noted, ASEAN is China's largest trade partner at almost $1 Trillion in 2022. But there's another item tucked away at the top-left corner of the main page that ought to give Neoliberals bad dreams, "China sets up a bureau for private economy: Move set to bolster market confidence, inject impetus into economic recovery":

In a significant move to further bolster the private sector, a crucial driving force for the country's economic output, China announced on Monday that it has set up a bureau specializing in promoting the private economy's development under the country's top economic planner.

The latest arrangement has sent a reassuring signal to domestic private players that the country is resolved to improve the business environment by taking concrete actions to implement previously launched supportive measures in broader efforts to shore up the world's second largest economy, which has been on a bumpy road of recovery in recent months, experts told the Global Times.

Clearly, all the cats are being harnessed as 5% growth is deemed too "sluggish", while "experts" still consider China's economy to be #2, which IMO is incorrect.

So, this news output from just today can be added to the compilation b supplied. I'll close by citing these words from today's editorial about China's 2023 China International Fair for Trade in Services (CIFTIS) that opened in Beijing on Saturday:

The theme of this year's CIFTIS is "Openness leads development, cooperation creates a win-win future," which reflects China's clear attitude. It's now been 11 years since the first CIFTIS in 2012. During this time, the globe has faced many upheavals and difficulties, such as the escalation of anti-globalization sentiment, regional conflicts, the COVID-19 pandemic, and climate change. However, despite the hurdles, China's commitment to opening up and multilateralism has become even clearer and firmer. Today, CIFTIS, along with the China International Import Expo and the China Import and Export Fair, forms a multi-faceted platform for China's high-level opening-up. Their regular holding itself conveys confidence and strength in unity and cooperation to the world.

One striking impression is that this year's CIFTIS is more vibrant and international than ever before, with more firms participating and with a stunning array of new technologies and industries. It is reported that this CIFTIS has attracted 59 countries and 24 international organizations to set up exhibitions and conferences, with more than 2,400 companies participating offline, and more than 500 Fortune 500 companies and industry leaders attending. The overall internationalization rate exceeds 20%. It is expected to see over 200 varied events, including a global services trade summit, forums, business promotion conferences and supportive activities. And over 100 pieces of authoritative information, including the China Service Trade Development Report, will be released. Over 60 enterprises and institutions will launch an array of new products and technologies at the 2023 CIFTIS. These numbers by themselves are significant amid the present geopolitical and economic situations.

China's advantage is the dynamism of its ongoing People Centered Development drive that globally is only matched by Russia. Meanwhile, the West adopts oppositional policies that are anti-developmental and modernizing as Neoliberal doctrine sucks the life out of economies and the human capital they are dependent upon.

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