China News Service, Beijing, February 29 (Reporter Xia Bin) Recently, foreign media have been constantly badmouthing China's economy. Some American scholars are hyping up the "China's economic peak theory" and "China's recession has begun." Peking University Boya Distinguished Professor and China Yao Yang, director of the Economic Research Center, recently said in an exclusive interview with a reporter from China News Service that the above remarks stem from Americans' own anxiety because China is catching up with them too quickly.

"I think it's still early for China to peak. My judgment is completely opposite to theirs."

　　Yao Yang believes that in the past ten years, China's development has "almost hit all the technology trees." Now China leads the world in many industries, such as artificial intelligence, new energy vehicles, etc., and it is not lagging behind in future technology. , including nuclear fusion, quantum computing, quantum communications, photonic chips, etc.

　　Yao Yang said that American politicians are very aware of the reality. Those who propose restricting China's development, building "small courtyards and high walls" and hyping up the "China's economic peak theory" are the so-called scholars and China watchers in the United States. Anxiety and prejudice “talk to themselves.”

　　In fact, looking beyond the United States, not many people in other parts of the world are buying into the above-mentioned remarks against China.

Yao Yang said: "You can ask Europeans about this statement. I know a large European pharmaceutical company. The boss knows very well that the market is in China, because China is still growing, and Europe has almost no room for growth."

　　Regarding the recent short-term fluctuations in China's foreign investment data, some American media have also talked about "foreign capital accelerating its withdrawal from China." Yao Yang bluntly said that this is an "America-centric" statement.

Some U.S. capital has indeed withdrawn from China, but the reason is not that China is unattractive, but entirely due to political factors and the U.S.'s suppression of China's science and technology.

In particular, some investment bans against China, coupled with the threats and intimidation from American politicians, have caused a chilling effect on many American companies and they are afraid to invest in China.

　　Judging from the latest data, China absorbed 112.71 billion yuan in foreign investment in January this year. Affected by factors such as a high base, the year-on-year data declined, but the month-on-month increase was 20.4%.

From a country perspective, investment in China from some developed economies has grown rapidly. France and Sweden have increased by as much as 25 times and 11 times year-on-year respectively. Germany, Australia, and Singapore have actually increased their investment in China by 211.8%, 186.1%, and 77.1% year-on-year respectively.

　　"You see, the so-called divestment is mainly from American companies." Yao Yang also said that the fluctuations in China's foreign investment data are also related to the pressure on the economic situation last year. Last year's stock market performance was relatively weak, resulting in the withdrawal of some short-term capital, which will bring some Long term capital left.

But overall, this is a short-term phenomenon. In the end, as long as China maintains an open attitude, intensifies its opening-up policy, and expands high-level institutional opening-up, foreign investment will return to China as China's economy recovers.

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