Economic rise makes China a key driver of global growth

Serious threat: A BYD electric vehicle launch event in Brazil. Unsurprisingly, China’s two fastest-growing export sectors – electronics and electric vehicles – have been targeted by the United States and the European Union. — Bloomberg

RECENT years have seen some international pundits first claim that the Chinese economy is a global inflation threat, and then allege that it is a global deflation threat.

When proved wrong, they claimed the Chinese economy would collapse amid its recovery.