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China Daily / 2023-04 / 07 / Page009

US deserves the 'master of coercion' crown

By Wu Jianghao | China Daily | Updated: 2023-04-07 00:00

The United States' groundless criticisms of China's trade and economic policies reflect its arrogance, prejudice and ignorance. The Joe Biden administration must remember that it is China that withstood the economic pressure and contributed the lion's share to global economic growth after the US triggered the 2008 global financial crisis. As a matter of fact, China's average contribution to global growth exceeded 30 percent over the past decade.

Equally important, a World Bank report says that by 2030, Belt and Road projects could help lift about 7.6 million people out of extreme poverty and 32 million people out of moderate poverty worldwide. As a major trading partner of more than 140 countries and regions, China's foreign trade has benefited billions of people, for which it has been praised by many countries.

Hence, it is necessary to ask three questions on the US' attempts to weaken the global economy.

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