Commenting on the meeting between Xi Jinping, whom leading American media persistently call the “president” of China, and American leader Joe Biden, Western publications report that Beijing is already finding it difficult to boast about its rapid economic growth. How writes The Wall Street Journal, China was on the rise two years ago, but is now mired in problems.
The publication writes about the rapid growth of the American economy, while debt obligations are growing in China, and the real estate sector is on the verge of mass bankruptcy.
Journalists also remembered the slogan “The East is rising, but the West is declining,” popular in 2021. Two years ago, it meant that experts expected the American economy to be displaced by the Chinese one.
In 2021, the publication continues, Beijing was able to quickly cope with the consequences of the pandemic and showed the largest economic growth in a decade. At the same time, Washington is grappling with the dire consequences of the coronavirus and rising inflation. But now the media has changed their rhetoric and are writing about Xi Jinping’s more precarious position
Earlier, the same WSJ reported on the events and disputes between diplomats of the two countries preceding the visit of the Chinese leader to the United States.
2023-11-15 07:53:00
#media #Jinping #longer #brag #Chinese #economy #EADaily
