The answer is no. But you’d never know it by listening to the United States and European Union, who want to scare foreign investors away. The more China opens up, the darker the picture they paint. They won’t be impressed, no matter how hard China tries to improve.

East Asia is increasingly aligning with the U.S. to curb China's semiconductor ambitions, driven by the US's indispensable role in chip design and concerns about China's credibility as a business partner, giving the U.S. an advantage in the ongoing tech competition with China.

An overemphasis on competition may lead to pessimism and miscalculation. While the United States appears to be upgrading measures designed to pressure China, it should also strengthen its economic and trade ties. Interdependence and mutual benefit are excellent motivators.

Forecasts are not in line with reality. China’s economy is doing better than some analysts believe. Yet, alternative strategies must be found. A multi-pronged approach will cover the void left by real estate adjustments and lead China’s economy to a promising future.

The Jakarta-Bandung High-Speed Railway is a milestone project under China's Belt and Road Initiative (BRI). This project reflects China's emphasis on history and neighborhood diplomacy, underlining its role as a leader in the Global South. Additionally, there are challenges alternative initiatives face in competing with China's vast infrastructure endeavors, as Beijing prioritizes economics and geopolitics in its approach.

Washington’s claims of non-compliance by China are a wish list in disguise. It wants to abrogate China’s rights and impose its own will in reshaping the Chinese economic model. So it should be no surprise that it cooked up a way to do that via the World Trade Organization.

America’s sanctions have brought huge losses to its own companies, and Huawei has made an advanced chip anyway, despite heavy suppression. It’s a technological miracle signaling that China may have achieved technological independence.

China’s economic performance has been inspiring considerable pessimism lately. In the second quarter of 2023, the Chinese economy grew by just 6.3% from a year earlier – a figure that is disappointing because of the low base in the second quarter of 2022, when pandemic restrictions were still suppressing economic activity. And in July, China’s consumer price index (CPI) entered negative territory for the first time since 2021, sparking fears of a deflationary spiral.

China pioneered the Belt and Road Initiative, but others have followed its lead. The BRI has been hailed as the largest international cooperation platform producing the most popular public benefits in the world today.

In 10th anniversary year of the Belt and Road Initiative proposed by President Xi Jinping, the international landscape is subject to changes like never before. China’s adaptations have proved successful and hold promise for future world peace.