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world Scmp World 2026-04-02

China Shock 2.0 is a False Narrative, Says Chinese Media

A leading Chinese state media outlet has pushed back against claims that China's economy is losing steam, citing the country's ambitious growth target.


A leading Chinese state media outlet has run back-to-back front-page editorials over the past two days pushing back against claims that China’s economy is losing steam and that the global economy is experiencing a “China shock 2.0”. “Looking across the globe, China’s growth target stands out as second to none,” the state-run Economic Daily wrote in a Thursday editorial, noting that the country’s goal of achieving 4.5 to 5 per cent growth in 2026 was far higher than the 2.6 per cent global growth...

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