Why pessimists are wrong about Chinese economy

* Far-sighted investors believe that short-term setbacks in the Chinese economy won't derail business growth in the long run.

* Despite the current pressure, fundamentals remain unchanged, and the economy still enjoys strong resilience, enormous potential, vast room for maneuver and long-term sustainability.

* "The rise of China, and its powerhouse economy, remains by far the most important story of the 21st century," said one opinion piece in The Telegraph. While there may be some bumps in the short term, China's long-term economic development remains a sure bet.

BEIJING, May 23 (Xinhua) -- Amid the latest COVID-19 flare-ups in China, fallacies have emerged in the Western media, from hyping up China's suffering from a loss in foreign investment and supposed economic stagnation to accusing China of exacerbating the global supply chain crisis and drawing smaller economies into "debt traps."

The ultimate goal of these bizarre claims is to discredit China's economy and its dynamic zero-COVID policy.

None have a leg to stand on.

A ship is loaded with electric cars produced by U.S. automaker Tesla's Shanghai Gigafactory, before leaving for Slovenia from a port in east China's Shanghai, May 11, 2022. (Xinhua)