U.S. Treasury Secretary Janet Yellen recently visited China, and Yellen repeatedly reiterated that the U.S. has no intention of decoupling from China, but also stressed that China has "excess capacity". The United States has long been not optimistic about the development of China's economy, and at the same time there will be active cooperation from international organizations, including the International Monetary Fund (IMF), when the West sings about China's economy, the International Monetary Fund is jumping up and down, according to foreign media reports, the International Monetary Fund released the latest "World Economic Outlook Report" on April 16, announcing the forecast for global economic growth in 2024.
Judging from the report released by the International Monetary Fund, the forecast for the annual growth of the global economy in 2024 has been raised, and the current data given is 3.2%, an increase of 0.1% compared with the previous forecast, for the increase in the forecast growth rate, the IMF claims to be due to the strong momentum of economic growth in the United States, the International Monetary Fund predicts that the economic growth rate of the United States this year is 2.7%, which has increased by 0.6% compared with the estimate in January. Now the West is once again optimistic about the resilience of the U.S. economy, in fact, just like at the beginning of 2023, the West also predicts that the United States will become the savior of the global economy, while China will drag down the development of the global economy, and after entering 2024, the West still maintains the existing view.
The IMF has publicly stated that China's economic growth in 2024 is 4.6%, and the IMF is even more pessimistic about the economic growth rate in 2025, with a forecast of only 4.1%. It is not difficult to see from the data of the report released by the International Monetary Fund that it is directly touting the important role of the U.S. economy, while belittling the Chinese economy, and is also exaggerating the risks of China's economy.
Western institutions have repeatedly pushed up the role of the U.S. economy while ignoring the role of China and other emerging countries in driving the global economy, thus reflecting the essence of Western institutions serving the United States. In fact, the IMF's forecasts for the global economy have been overturned many times, and the Chinese economy has been repeatedly slapped in the face, on the same day that the relevant report was released, China has released economic data for the first quarter of 2024, and China has achieved an economic growth rate of 5.3%, which is obviously a great irony for Western institutions. China's economy has continued to improve since 2023, and now it will make great strides in 2024 as exports continue to expand.
In fact, the U.S. economy is already dragging down the world, and U.S. monetary policy is serving the interests of the United States, without considering the development of the world economy, and now the United States is in multiple crises, including the high U.S. national debt. In fact, the US electric vehicle giant has announced a 10% global layoff, thus exposing the serious problems of the US manufacturing industry, but Western institutions still do not forget the tradition and continue to sing the bad about China.