So, it's June 4th again, and the Global Times has an editorial that’s bound to get some folks talking: "Global Favorability Rises – What Has China Done Right?" They point to a fascinating tidbit from the US political news outlet Axios, citing a Morning Consult poll across 41 countries.
“The US political news outlet Axios, citing a poll conducted by the American firm Morning Consult covering 41 countries, reported that China's global favorability has been on a steady upward trajectory over the past year, with a notable acceleration since March of this year. As of the end of May, China had an 8.8 net favorability rating, compared to -1.5 for the US. This marks the first time since the tracking began that China's global favorability has surpassed that of the US in this metric.”
China's Quiet Rise, The West's Old Habits
And let's be honest, China's just kept its head down and ploughed on. They’ve forged their own path, largely ignoring the constant nagging and finger-wagging from the West. Getting the world to see that and appreciate it wasn't exactly a walk in the park.
Meanwhile, what's the West been up to? Seems like they're stuck on repeat, clinging to the dusty old playbook of colonial-style plunder. Seriously, have they learned nothing? As for China, the Global Times puts it rather well:
“The increase in global favorability is due to China's role as a builder of world peace, a contributor to global development, and a defender of the international order. These efforts and achievements have had a positive impact on the international community. China's development and progress have not only benefited its own people but have also made significant contributions to world peace and development. China's contribution to global economic growth remains around 30 percent, with its economic growth rate ranking among the highest of major economies in the world.”
Beijing's Transformation vs. Western Stagnation
Face it, China has decisively moved on from the turbulence of 1989. But look at Europe and America: they're still banging on about the same old ideological tunes, completely stuck in a time warp. Today's Beijing? It's a world away from the city it was 36 years ago. And China itself, much different from the old days.
The Global Times nails it again, quoting an HSBC survey, no less: “The rise in China's global favorability also reflects growing international recognition and respect for a confident, self-reliant major power that stands for justice, supports the weak and promotes goodwill.”
And here's what HSBC found:
“According to a recent HSBC survey of over 5,700 transnational companies across 13 global markets, China is the most favored target market for increased business reliance. China's innovative breakthroughs in high-end manufacturing, green energy, and artificial intelligence not only drive its own high-quality development but also contribute 'Chinese solutions' to addressing common challenges faced by humanity through advanced technologies and quality services.”
So, while some are still living in 1989, global businesses are looking at China for the future.
America's Pragmatism, Europe's Pitfalls
Now, over in the Western camp, you've got to give the US some credit for a smidgen more realism, at least historically. Taiwan's United Daily News pointed out in a 2019 article that back then after June 4th, George H.W. Bush, played it smart – sanctions on one hand, secret envoys to patch things up on the other. And lo and behold, less than three years later, sanctions were gone, and things were pretty much back to normal. Fast forward to Trump, who basically told the American media to get a new hobby if they were still obsessed with June 4th. And this year? You can bet Trump's by the phone, hoping for a ring from Beijing.
Europe, on the other hand? Self-reflection doesn't seem to be their strong suit. Remember de Gaulle back in the 60s, telling Europe to stand on its own feet and mind its own business, free from Uncle Sam? Then you had Merkel. Germany, for a while there, actually played a blinder. They ditched the ideological nonsense, got cheap energy from Russia, and cosied up to China for that massive market. A German smart industrial revolution? It was almost in the bag! But then Merkel leaves, and suddenly Germany's lost in political bickering. It got so bad, even their world-beating football team started caring more about virtue signalling than scoring goals – just look at how they bottled it in 2018 and 2022. A cautionary tale if ever there was one.
Europe's Grand Delusions
Without any real backbone, Europe's current crop of short-sighted politicians seem to be chasing political correctness like it's going out of fashion. It's all for the cheap applause and a few extra votes, never mind the actual good of their countries or people. And what's the result? Europe's centuries-old foundations are crumbling. Politics are a mess, economies are tanking, and by blindly tagging along with the US on the Russia-Ukraine fiasco, they've basically served themselves up on a platter for the big predators. Capital, talent, companies – all legging it to the States. You couldn't make it up.
And yet, come June 4th, Europe always gets the most worked up, doesn't it? They still seem to think they're the centre of the universe, the grand "conscience of civilization." Bless. Frankly, it’s pretty safe to say Europe's present is looking bleak, and its future? Probably even bleaker. Don't believe me? Mark your calendars. Let's check back next June 4th and see who's laughing then, shall we?
Deep Blue
** The blog article is the sole responsibility of the author and does not represent the position of our company. **
