https://www.scmp.com/economy/china-economy/article/3194243/chinas-economists-are-divided-some-say-red-economy
Since Deng Xiaoping’s Open Door Policy in 1978, China has opened its economy to world trade. Through the decades since, the Chinese economy has grown to become the second largest in the world. It has become the top trading nation for many other nations.
It is known as the Manufacturing Hub of the World, The Factory of the World, etc., mass producing goods for the masses of the world. On top of this, it has initiated the Bridge and Road Initiative(BRI) to link and connect up the world economically.
To suggest that China should now isolate itself from the world economically is absurd. On the contrary, it should open up further. How? We will come to that. First, the Chinese should know that it’s the West which wants to isolate China. Why? Because
China’s Open Door Policy has been very successful as mentioned above, so successful that it has raised the envy and fear of the West. It has become a threat to the West. Western nations are coming up with strategies to reduce China’s openness and
increase its isolation from the world. That’s one way to curb China’s global rise and influence. Chinese who wants China to be isolated would be playing into the evil hands of the Westerners.
The confusion arises from the leadership’s call for China to have an independent, self-reliant and self-sufficient economy. That’s the way for China’s economy to advance further. China's economy cannot continue to dependent on the West in critical
areas. This will make it vulnerable to anti-China strategies.
How has China been opening up to the world? One important way is through trade in goods. High availability of labor and skills attract foreign investments in mass production of goods in China. It becomes the main manufacturing link in the supply chain
of global trade in goods. It imports high-tech goods such as advanced material, machinery and components. From these, it employs the labor and skills to mass produce finished goods which are traded throughout the world. But this makes it vulnerable to
Western strategies to damage its trade in goods.
One way for the West to cut off China’s role in the global trade of goods is to disrupt the Chinese manufacturing link in the global supply chain for goods. How? Simple. Stop feeding the link. For this, the West has the upper hand.
The West forms the more critical R&D link of the supply chain. It supplies the advanced material, machinery and components for China’s manufacturing. Through this it has a firm grip on the high-tech of the global trade in goods. The US is leading the
effort to cut-off the manufacturing feed from China. Semiconductor material, machinery and components are the most recent examples. If this works, China will have difficulty in maintaining its manufacturing link in the supply chain, leading to reduced
Chinese trading of goods with the world and increased isolation of China economically.
The Chinese leadership’s strategy to overcome this is to make China independent , self-reliant and self-sufficient in high-tech goods. China has to come up with its own R&D to feed its manufacturing link in the supply chain. This will ensure that China
can produce high-tech goods for the world, all on its own, from concept through research, development to mass production. It will be no more Assembled-in-China, Manufactured-in-China or Made-in-China. It will be Chinese Product, a common trademark of
proud and prestigious possessions for people all over the world.
This will mean China can trade more with the world on its own which will lead to expanding trade and thus, wider openness, for China.
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