Caixin
Dec 03, 2024 05:42 PM
OPINION

Commentary: China Must Focus on Domestic Prosperity to Counter U.S. Nationalism

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A hat embroidered with the slogan of U.S. presidential candidate Donald Trump's campaign on sale at the world's largest wholesale market in Yiwu, Zhejiang province, on Oct. 22. Photo: VCG
A hat embroidered with the slogan of U.S. presidential candidate Donald Trump's campaign on sale at the world's largest wholesale market in Yiwu, Zhejiang province, on Oct. 22. Photo: VCG

China’s economic rise has been fundamentally tied to global supply chains, with high dependence on foreign energy, food and core technologies. Unlike the U.S. and Russia, which can quickly pivot to wartime economies, China isn’t structured for war-based economic circulation. Its prosperity stems from global peace dividends.

Even as China became the world’s leading manufacturer in shipbuilding and automobiles, it chose not to militarize its excess industrial capacity. This stands in stark contrast to pre-World War II Germany and Japan, which channeled industrial overcapacity into militarism and fascism, influenced by their racial ideologies and military-dominated governance traditions.

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  • China's economic growth is linked to global supply chains, with a focus on peaceful development, unlike pre-WWII Germany and Japan.
  • It emphasizes internal stability and public welfare to avoid military conflicts, understanding that internal issues often exceed external threats.
  • The approach involves fostering economic development and reforms, countering U.S. nationalism by prioritizing public welfare, and maintaining a consumption-driven economy.
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