FILE PHOTO: Chinese President Xi Jinping speaks at a meeting commemorating the 110th anniversary of Xinhai Revolution at the Great Hall of the People in Beijing, China October 9, 2021. REUTERS/Carlos Garcia Rawlins/File Photo
China’s economic engine continues to sputter under the weight of failed communist policies and market interventions, with GDP growth slowing to 4.8% in the third quarter – its weakest performance in a year. This decline from the previous quarter’s 5.2% growth rate demonstrates the fundamental instability of state-controlled economies and validates former President Trump’s tough stance on Chinese trade practices.
The numbers paint a clear picture of systemic weakness in the world’s second-largest economy. Property investment, long a cornerstone of Chinese economic growth, plummeted 13.9% year-over-year in September, while consumer spending remained tepid with retail sales growth declining to 3.5% from 4.1%.
Despite Beijing’s propaganda machine attempting to spin these results positively, the data reveals deep-seated problems in China’s economic model. The Communist regime’s heavy-handed intervention in markets has created artificial bubbles, particularly in real estate, that are now deflating rapidly. New home prices continue their downward spiral, exposing the fragility of China’s debt-laden property sector.
Most telling is China’s increasing dependence on manufacturing and exports while domestic consumption falters. While industrial production rose 6.5% in September, this growth relies heavily on foreign markets – a vulnerability that President Trump recognized and addressed through his strategic use of tariffs and trade negotiations.
The impact of Trump’s policies continues to reshape global trade flows. Chinese exports to the United States dropped by 27% year-over-year, forcing Beijing to scramble for alternative markets in Europe, Southeast Asia, and Africa. This diversification, while temporarily helpful to China, underscores the effectiveness of strong American leadership in confronting Chinese economic aggression.
The Chinese Communist Party’s target of 5% annual growth appears increasingly ambitious, and mounting pressure for government stimulus reveals the inherent contradictions in their economic system. While Beijing debates further market interventions, the fundamental truth remains: free market capitalism, not state control, creates sustainable economic growth.
These results should serve as a warning to American progressives who advocate for greater government intervention in our economy. The Chinese model of central planning and state capitalism is failing, while America’s free market principles continue to drive innovation and real economic growth.
As upcoming trade talks between Chinese Vice-Premier He Lifeng and U.S. officials approach, America must maintain its strong stance against Chinese economic practices. The slowing Chinese economy proves that standing firm on fair trade and protecting American interests yields results.
The data confirms what conservatives have long argued: free markets, property rights, and limited government intervention create sustainable economic growth. China’s economic struggles demonstrate the inevitable failure of communist economic policies and validate the importance of maintaining strong American leadership in global trade relations.
President Donald Trump announced Sunday that Americans can expect a "dividend of at least $2000…
The facts surrounding New York City's new socialist mayor-elect should alarm every American who values…
Minneapolis Mayor Jacob Frey narrowly secured reelection through ranked-choice voting, then proceeded to deliver a…
Democrat strategist James Carville has made what can only be described as one of the…
Representative Thomas Massie is not backing down. The Kentucky Republican, facing a Trump-backed primary challenger,…
A Maine woman who served prison time for manslaughter has been elected to the Bangor…