Infographic: China's industrial modernization is "China opportunity 2.0" to the world, not "China shock 2.0"

China's Ministry of Commerce released a document titled "China's Position on the So-called Excess Capacity Issue" recently. In the document, it says that the U.S. and other western countries have come up with the so-called "China shock 2.0", falsely accusing China's industrial development of posing threats to western countries' monopoly and squeezing the development space of the Global South. Actually, this is not supported by facts and totally untenable, because "for more than a decade, China has contributed around 30% of the global growth, making it a critical engine driving the world economy."

China is offering not only greater "market dividends," but also "development dividends" as an anchor of stability and hub for global industrial cooperation through its industrial development; moreover, it is also offering more and more "innovation dividends" with its technological progress. The document says that what these combined dividends generate for the world are greater opportunities and potential of development, also known as the "China opportunity 2.0" more frequently mentioned by the international community.

(AI-assisted Creation)