Pessimism of some Westerners cannot hinder China's growth
A view of the Huangpu River in Shanghai. However, the article comes just days after Bloomberg founder Michael Bloomberg visited China, met the governor of the People's Bank of China and other senior finance officials, and expressed his desire to have long-term and greater cooperation with Chinese financial organs which he said are playing an increasingly important role in the global financial market. The 39-line article did not provide any analysis of economic developments in China and the US, the world's two largest economies, but it rushed to conclude that "China's economy will never surpass that of the US". It now claims that the world is rethinking "how to deal with a China that may be close to its own power inflection point", and "the knock-on effects of China's economic slowdown". In fact, there has been a groundswell of pessimism in the US financial sector about the prospects of China's economy, and the Bloomberg report is just the latest in a long line of such tones.
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