From Chinese Press

Western media's "China solo show" theory ill-disposed compliment

(Xinhua)
Updated: 2010-06-21 13:59

Western media have fabricated in recent years a number of bizarre theories on China, including the much-hyped theories of "China threat" and "China responsibility."

A new theory of the "China solo show" have frequently emergered in Western media reports recently, which indicates China has been the biggest winner in the global financial crisis while Western economies have been confronted with grave difficulties.

However, analysists said the advocators of the "China solo show" theory, which seems to be some kind of compliment to China, is in fact to press China to undertake more and improper international obligations and to sway the relations between China and other countries, particularly developing ones.

On the one hand, China is not the only country that maintained high speed of economic growth.

In a recent interview with Xinhua, Brazilian economist Marcos Cintra said some developing countries, not China alone, have reached higher economic growth than other countries in the world due to proper revenue and monetary policies, which helped them avoid serious impact of the global financial crisis.

Cintra said, for example, Brazil realized a rare 9-precent year-on-year increase in the first quarter of this year. India and China also witnessed relatively a high growth rate.

Justin Yifu Lin, the World Bank's Chief Economist and Senior Vice President, echoed the view that China is not the only developing country that has achieved a high growth rate.

China had a good performance on its economic development, so did India, Brazil and Nigeria, said Lin.

On the other hand, the measures China launched to deal with the crisis have also helped recovery of other economies.

Cintra, who has long paid attention to China's development, said China imported a large number of parts from Asian countries and regions although it has a self-sufficient industry, which not only boosts the development of China but also brings along regional development.

In fact, China, which suffered a lot during the global financial and economic downturn, also faces a number of challenges on future development.