https://www.scmp.com/economy/china-economy/article/3194243/chinas-economists-are-divided-some-say-red-economy

Since Deng Xiaoping’s Open Door Policy in 1978, China has opened its economy to world trade. Through the decades since, the Chinese economy has grown to become the second largest in the world. It has become the top trading nation for many other nations. It is known as the Manufacturing Hub of the World, The Factory of the World, etc., mass producing goods for the masses of the world. On top of this, it has initiated the Bridge and Road Initiative(BRI) to link and connect up the world economically.

To suggest that China should now isolate itself from the world economically is absurd. On the contrary, it should open up further. How? We will come to that. First, the Chinese should know that it’s the West which wants to isolate China. Why? Because China’s Open Door Policy has been very successful as mentioned above, so successful that it has raised the envy and fear of the West. It has become a threat to the West. Western nations are coming up with strategies to reduce China’s openness and increase its isolation from the world. That’s one way to curb China’s global rise and influence. Chinese who wants China to be isolated would be playing into the evil hands of the Westerners.

The confusion arises from the leadership’s call for China to have an independent, self-reliant and self-sufficient economy. That’s the way for China’s economy to advance further. China's economy cannot continue to dependent on the West in critical areas. This will make it vulnerable to anti-China strategies.

How has China been opening up to the world? One important way is through trade in goods. High availability of labor and skills attract foreign investments in mass production of goods in China. It becomes the main manufacturing link in the supply chain of global trade in goods. It imports high-tech goods such as advanced material, machinery and components. From these, it employs the labor and skills to mass produce finished goods which are traded throughout the world. But this makes it vulnerable to Western strategies to damage its trade in goods.

One way for the West to cut off China’s role in the global trade of goods is to disrupt the Chinese manufacturing link in the global supply chain for goods. How? Simple. Stop feeding the link. For this, the West has the upper hand.

The West forms the more critical R&D link of the supply chain. It supplies the advanced material, machinery and components for China’s manufacturing. Through this it has a firm grip on the high-tech of the global trade in goods. The US is leading the effort to cut-off the manufacturing feed from China. Semiconductor material, machinery and components are the most recent examples. If this works, China will have difficulty in maintaining its manufacturing link in the supply chain, leading to reduced Chinese trading of goods with the world and increased isolation of China economically.

The Chinese leadership’s strategy to overcome this is to make China independent , self-reliant and self-sufficient in high-tech goods. China has to come up with its own R&D to feed its manufacturing link in the supply chain. This will ensure that China can produce high-tech goods for the world, all on its own, from concept through research, development to mass production. It will be no more Assembled-in-China, Manufactured-in-China or Made-in-China. It will be Chinese Product, a common trademark of proud and prestigious possessions for people all over the world.

This will mean China can trade more with the world on its own which will lead to expanding trade and thus, wider openness, for China.

On Monday, October 3, 2022 at 9:40:29 AM UTC, dosai prata wrote:
> https://www.scmp.com/economy/china-economy/article/3194243/chinas-economists-are-divided-some-say-red-economy
>
> Since Deng Xiaoping’s Open Door Policy in 1978, China has opened its economy to world trade. Through the decades since, the Chinese economy has grown to become the second largest in the world. It has become the top trading nation for many other nations. It is known as the Manufacturing Hub of the World, The Factory of the World, etc., mass producing goods for the masses of the world. On top of this, it has initiated the Bridge and Road Initiative(BRI) to link and connect up the world economically.
>
> To suggest that China should now isolate itself from the world economically is absurd. On the contrary, it should open up further. How? We will come to that. First, the Chinese should know that it’s the West which wants to isolate China. Why? Because China’s Open Door Policy has been very successful as mentioned above, so successful that it has raised the envy and fear of the West. It has become a threat to the West. Western nations are coming up with strategies to reduce China’s openness and increase its isolation from the world. That’s one way to curb China’s global rise and influence. Chinese who wants China to be isolated would be playing into the evil hands of the Westerners.
>
>
> The confusion arises from the leadership’s call for China to have an independent, self-reliant and self-sufficient economy. That’s the way for China’s economy to advance further. China's economy cannot continue to dependent on the West in critical areas. This will make it vulnerable to anti-China strategies.
>
>
> How has China been opening up to the world? One important way is through trade in goods. High availability of labor and skills attract foreign investments in mass production of goods in China. It becomes the main manufacturing link in the supply chain of global trade in goods. It imports high-tech goods such as advanced material, machinery and components. From these, it employs the labor and skills to mass produce finished goods which are traded throughout the world. But this makes it vulnerable to Western strategies to damage its trade in goods.
>
> One way for the West to cut off China’s role in the global trade of goods is to disrupt the Chinese manufacturing link in the global supply chain for goods. How? Simple. Stop feeding the link. For this, the West has the upper hand.
>
> The West forms the more critical R&D link of the supply chain. It supplies the advanced material, machinery and components for China’s manufacturing. Through this it has a firm grip on the high-tech of the global trade in goods. The US is leading the effort to cut-off the manufacturing feed from China. Semiconductor material, machinery and components are the most recent examples. If this works, China will have difficulty in maintaining its manufacturing link in the supply chain, leading to reduced Chinese trading of goods with the world and increased isolation of China economically.
>
> The Chinese leadership’s strategy to overcome this is to make China independent , self-reliant and self-sufficient in high-tech goods. China has to come up with its own R&D to feed its manufacturing link in the supply chain. This will ensure that China can produce high-tech goods for the world, all on its own, from concept through research, development to mass production. It will be no more Assembled-in-China, Manufactured-in-China or Made-in-China. It will be Chinese Product, a common trademark of proud and prestigious possessions for people all over the world.
>
> This will mean China can trade more with the world on its own which will lead to expanding trade and thus, wider openness, for China.

SCMP is more often critical of China than not. Not a reliable fair minded publication.
SCMP is for people with good English capability. That is, not the average Hong Kongers.

More export means faster GDP growth but such growth is often favor some regions. Export
leading growth also leads to more wealth and income inequality. According to Say's Law,
more sustainable growth needs internal circulation/consumption.

Anyway, the argument between more export and more internal consumption is eternal. And
some SCMP writers would throw cold water on either and/both sides whatever China policy
makers choose to do.

On Monday, October 3, 2022 at 6:43:11 PM UTC+8, ltlee1 wrote:
> On Monday, October 3, 2022 at 9:40:29 AM UTC, dosai prata wrote:
> > https://www.scmp.com/economy/china-economy/article/3194243/chinas-economists-are-divided-some-say-red-economy
> >
> > Since Deng Xiaoping’s Open Door Policy in 1978, China has opened its economy to world trade. Through the decades since, the Chinese economy has grown to become the second largest in the world. It has become the top trading nation for many other nations. It is known as the Manufacturing Hub of the World, The Factory of the World, etc., mass producing goods for the masses of the world. On top of this, it has initiated the Bridge and Road Initiative(BRI) to link and connect up the world economically.
> >
> > To suggest that China should now isolate itself from the world economically is absurd. On the contrary, it should open up further. How? We will come to that. First, the Chinese should know that it’s the West which wants to isolate China. Why? Because China’s Open Door Policy has been very successful as mentioned above, so successful that it has raised the envy and fear of the West. It has become a threat to the West. Western nations are coming up with strategies to reduce China’s openness and increase its isolation from the world. That’s one way to curb China’s global rise and influence. Chinese who wants China to be isolated would be playing into the evil hands of the Westerners.
> >
> >
> > The confusion arises from the leadership’s call for China to have an independent, self-reliant and self-sufficient economy. That’s the way for China’s economy to advance further. China's economy cannot continue to dependent on the West in critical areas. This will make it vulnerable to anti-China strategies.
> >
> >
> > How has China been opening up to the world? One important way is through trade in goods. High availability of labor and skills attract foreign investments in mass production of goods in China. It becomes the main manufacturing link in the supply chain of global trade in goods. It imports high-tech goods such as advanced material, machinery and components. From these, it employs the labor and skills to mass produce finished goods which are traded throughout the world. But this makes it vulnerable to Western strategies to damage its trade in goods.
> >
> > One way for the West to cut off China’s role in the global trade of goods is to disrupt the Chinese manufacturing link in the global supply chain for goods. How? Simple. Stop feeding the link. For this, the West has the upper hand.
> >
> > The West forms the more critical R&D link of the supply chain. It supplies the advanced material, machinery and components for China’s manufacturing. Through this it has a firm grip on the high-tech of the global trade in goods. The US is leading the effort to cut-off the manufacturing feed from China. Semiconductor material, machinery and components are the most recent examples. If this works, China will have difficulty in maintaining its manufacturing link in the supply chain, leading to reduced Chinese trading of goods with the world and increased isolation of China economically..
> >
> > The Chinese leadership’s strategy to overcome this is to make China independent , self-reliant and self-sufficient in high-tech goods. China has to come up with its own R&D to feed its manufacturing link in the supply chain. This will ensure that China can produce high-tech goods for the world, all on its own, from concept through research, development to mass production. It will be no more Assembled-in-China, Manufactured-in-China or Made-in-China. It will be Chinese Product, a common trademark of proud and prestigious possessions for people all over the world.
> >
> > This will mean China can trade more with the world on its own which will lead to expanding trade and thus, wider openness, for China.
> SCMP is more often critical of China than not. Not a reliable fair minded publication.
> SCMP is for people with good English capability. That is, not the average Hong Kongers.
>
> More export means faster GDP growth but such growth is often favor some regions. Export
> leading growth also leads to more wealth and income inequality. According to Say's Law,
> more sustainable growth needs internal circulation/consumption.
>
> Anyway, the argument between more export and more internal consumption is eternal. And
> some SCMP writers would throw cold water on either and/both sides whatever China policy
> makers choose to do.

Indeed more sustainable growth needs more internal circulation or consumption. When more people have income and if income grows, people will spend to buy more (consumed ,saved, or invest, and whatever is spent or consumed). Hence, sustained growth also needs sustained spending though it should lag behind so that consumers can decide where to spend or put them away. The internal there to produce, change, renew, to meet expectation.