China projects ‘outward confidence’ amid economic anxiety, US congressional panel says
A US congressional advisory body on China said the country is projecting an image of confidence even as concerns about its economy and future growth remain beneath the surface, following a week-long visit to Beijing, Shanghai and Hangzhou in July. Members of the US-China Economic and Security Review Commission (USCC) discussed their observations during a wide-ranging press briefing on Wednesday,…
The US-China Economic and Security Review Commission (USCC) recently returned from a week-long visit to China, where they observed what they described as an image of "outward confidence" despite underlying economic anxieties. During their trip, the commission held meetings with Chinese officials and visited various cities including Beijing, Shanghai, and Hangzhou.
USCC Chair Randy Shriver noted the discrepancy between China's projected confidence and the economic challenges it faces, emphasizing the importance of firsthand observation. Commissioner Chris Slevin highlighted the country's assertive stance on artificial intelligence, stating that the confidence in AI leadership was palpable.
However, the commission expressed disappointment at being denied access to Hangzhou's tech sector, known as the "Six Little Dragons," which raised questions about China's willingness to showcase its AI industry's true state. The USCC, an independent advisory body, has called for a more comprehensive approach to managing the US-China economic and trade relationship, including new measures targeting technology, supply chains, and Taiwan.
Brief written by urgent.news from South China Morning Post's own syndicated text. Machine-written — it may contain errors, so check the original before relying on it.
