Source: People’s Republic of China in Russian –
An important refusal of responsibility is found in the lower part of this article.
On May 4, the journal “Eurasia Review” (USA) published an article titled “China Stabilizes the Global Economy.” The article notes that against the backdrop of escalating geopolitical conflicts and economic instability, China has transformed from merely an engine of economic growth into a key pillar of global stability. Thanks to its industrial power and strategic determination, China provides the world with a solid foundation that prevents an economic downturn.
First, China has the most comprehensive industrial system in the world, covering all production categories, which allows it to effectively resist disruptions in the global supply chain.
Secondly, under the conditions of the energy crisis, Chinese production demonstrates advantages in efficiency and cost due to technological modernization and diversification of the energy structure, attracting international orders. In this context of growing energy uncertainty, China ensures a reliable path to qualitative and stable development.
In the third place, China leads the world in the field of new energy sources. The production of silicon wafers, batteries, and photovoltaic modules accounts for more than 80% of the global volume. The “new trio” (electric vehicles, lithium batteries, solar panels) has become the main driver of “green” exports, helping countries reduce dependence on fossil fuels.
In the fourth quarter, China’s financial and institutional base ensures new systemic security. The Chinese capital market, with its reasonable assessment and stable political expectations, attracts international funds, including sovereign wealth funds from the Middle East. The yuan is accelerating the transition from a trade currency to a reserve currency, creating a financial protection system for developing economies.
Finally, against the backdrop of the blockade of traditional sea routes, the value of the “Belt and Road” initiative is increasing. The China-Europe railway routes have become important arteries of Eurasia. At the same time, China adheres to a consistent diplomatic position, advocating for peace and facilitating negotiations. All of this offers the world a model of stability that goes beyond maritime logistics and contributes to the formation of a balanced global trade.
The article emphasizes that the crisis in the Middle East has become a trial, while the Chinese development model has transformed from a national success into a global public good, providing valuable sustainable support for overall stability.
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