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It's time US stopped acting like a bully

By Chen Weihua | China Daily | Updated: 2019-05-24 08:10

Over the four decades of reform and opening-up, China has wholeheartedly embraced economic globalization, a concept introduced to the country by Western governments, economists and multinational corporations. China, it was said at the time, could use its comparative advantages, mainly its cheap labor and later also its huge market, to become part of global supply chains.

Indeed, China has turned out to be a major beneficiary of globalization. It has become a top destination for foreign direct investment, the world's second-largest economy and the largest trading country.

China has also become a main engine for global economic growth, contributing 35 percent of global GDP growth from 2017 to 2019, compared with 18 percent by the US and 7.9 percent by the European Union, according to the World Bank.

It's time US stopped acting like a bully

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