China announced the import and export data in August on Sunday. Based on the RMB, it is not bad. The total value of foreign trade imports and exports in the first eight months increased by 3.6%year -on -year.However, according to the US dollar, the data is not very good due to the depreciation of the RMB against the US dollar.The total value of imports and exports decreased by 3.2%year -on -year.
The United States and Western media generally promote the further weakness of the Chinese economy, but Lao Hu feels that to understand the Chinese economy, this interpretation method is too simple.
Everyone knows that the current economy and trade in the world are amazing. The German economy is the banner of Europe, but it is basically zero -growth.China is the forefront of the trade war. It is inevitable that the instability of our import and export data is inevitable, but this fluctuation does not reflect the fundamentals of the Chinese economy.
Lao Hu describes the full picture of the Chinese economy.In my opinion, the Chinese economy is experiencing major structural adjustments from investment -driven to innovation -driven and from foreign trade to major structural adjustments from consumption. This is the historic adjustment of the Chinese economy.
Although the trade war has caused a short -term chaos of the Chinese market and the world market chain, this kind of chaos is not a global foreign trade. Many other directions of Chinese foreign trade except the United States are growing.The growth of national trade is particularly prominent.Secondly, the United States launched the trade war to further stimulate the structural adjustment of China mentioned earlier.
It can be said that China's infrastructure construction continues, the ability of scientific and technological innovation has accelerated, the policy support of domestic consumption and the willingness to consume people are rising, especially the younger generation.More changes, everyone sees that tourism is basically aunt group.It can be said that people's pursuit of a better life is becoming stronger.These are the very real motivations of the Chinese economy, and the trade war has failed to have a negative impact on them.
In short, China has endless facts.From early childhood education to pension, from healthy life to medical treatment, from environmental protection to tourism, from the expansion of traffic lines to continuous upgrading, this country can be said to have no time to breathe.Chinese people's requirements for the quality of life are getting higher and higher, and the inherent motivation of development is getting stronger and stronger. All this is by no means that the external trade war can be disturbed.
In contrast, I want to say that the US economy is much more monotonous.Its most prominent motivation is scientific and technological innovation, but one of the scientific and technological innovation is not always burst. Second, its radiation surface of the economy is limited after all.When scientific and technological innovation is insufficient, the US economy basically belongs to it in place and rely on bubbles to create growth.Finance is the daily pillar of the US economy, and the stock market is its axis, so Americans are very concerned about the weak changes in data because the bubble may be broken at any time.
Regardless of what the trade war is, no matter whether economic statistics fluctuate, the Chinese economy is a process of solving China's actual problems, and its growth corresponds to the continuous improvement of Chinese living standards.The Chinese economy has entered an inertial power field that does not need to whip, and it is just like the young age of life full of ideals, vitality and energy.
