For many observers, the rapid ascent of the Chinese mainland on the global stage has seemed like a sudden phenomenon. However, Paul Craig Roberts, a former US Assistant Secretary of the Treasury, argues that this growth was entirely predictable.
Reflecting on his experiences meeting with leadership in the early 2000s, Roberts notes that the foundations for today's success were laid decades ago. He points to the emergence of global tech giants such as Alibaba, TikTok, and DeepSeek as evidence of a long-term trajectory that he anticipated long before they became household names.
According to Roberts, the primary engine of this development is China's massive internal economy. He suggests that the scale of the domestic market provides a sufficient foundation for sustainable development, allowing for growth that is rooted in internal strength.
Beyond the economic metrics, Roberts highlights a strategic philosophical difference in how China approaches global commerce. He advocates for a "let's go into business together" mentality, suggesting that when trade is decoupled from politics, it creates a significant edge that fosters growth rather than friction.
In an era of increasing geopolitical tension, Roberts' perspective offers a counter-narrative to the idea of inevitable rivalry. He emphasizes that trade should not be politicized, suggesting that a cooperative business approach is more beneficial for global economic stability than strategic competition.
Reference(s):
cgtn.com
