Clarifying Several Misjudgments regarding China’s Economic Trends

Abstract

China’s economic growth rate has shown a general downward trend since 2010, and in unadjusted figures, the difference between the economic aggregates of China and the United States widened during 2022 and 2023. Consequently, misinformation concerning China’s economic trends has appeared both in China and abroad. This study aims to refute the misinformation by demonstrating that China’s economy has not fallen into a prolonged recession, and that the downward trend of China’s economic growth is not a result of suppressing private enterprises while privileging state-owned firms. The gap between the economic aggregates of the United States and China has not begun to widen, and it is wrong to suggest that China can achieve sustained high-quality development through further privatization, marketization, and liberalization.