US officials accuse China for “flooding” global markets with exports
(MENAFN) Accusations by U.S. officials that China is "flooding" global markets with exports and must "rebalance" its economy are not new. These arguments have been repeated for years and fail to reflect the significant changes underway in China's economic structure.
Claims of imbalance stem from a Cold War mindset rooted in zero-sum thinking and political calculation rather than sound economic analysis. While such rhetoric may play well in domestic political circles, it misrepresents China’s economic trajectory.
China's economy is increasingly driven by domestic demand. In the first half of 2025, internal consumption was responsible for 68.8% of GDP growth. Consumer spending alone contributed over half of that growth, outpacing net exports and investment. This shift is part of China's broader effort to achieve high-quality, sustainable development—moving away from an export-led model to one centered on internal demand.
In 2024, consumption accounted for 44.5% of GDP growth, compared with 30.3% from exports and 25.2% from investment. These figures clearly show that China is not merely relying on exports to fuel its economy.
Rather than externalizing blame, the U.S. should focus on addressing its own structural challenges—such as inflation, income inequality, and productivity stagnation. Rebuilding economic resilience at home will do more to strengthen the U.S. economy than scapegoating others.
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