What is China's secret 'injection'? Due to which 'economic poison' is being given to the world, this country is on the verge of poverty.

Beijing: China keeps quiet and makes clever moves and these days Jinping’s country is doing something similar. This time the strategy is to make ‘neighbors beggars’. China’s weapon to make this strategy successful is its exports, which even American tariffs could not harm. The Chinese goods which have flooded the world like a flood are going to bring a terrible economic crisis. Under the guise of trade, Jinping’s country is conspiring to make its neighbors beggars. Know further how this dangerous trick of China is working?

Analysts say that Beijing is playing a dangerous game whose name is Beggar Thy Neighbor i.e. ‘Make your neighbors a beggar’. Local industries struggling to compete with China’s aggressive low-cost manufacturing are now on the brink of disaster. This is not just trade, it is an economic war in which China is increasing its growth rate by putting the economies of other countries at stake.

By dominating a vast array of manufacturing sectors, China has put pressure on global supply chains. This is such a situation which may seem beneficial for the consumers but in the future it can lead to the industrial collapse of a country.

This strategy of China stems from its domestic overcapacity. When China’s production capacity exceeds its own domestic demand, it dumps the remaining goods on the international market at extremely cheap prices. This export boom is powered by Beijing’s government support and subsidies, which no private company can match.

Capture the supply chain

China is establishing monopolies in every sector of manufacturing, from electric vehicles (EVs) to solar panels and even basic goods, making its trading partners dependent.

American tariffs did not harm anything

Even American tariffs have not been able to stop this export storm from China. Despite all the restrictions, imports of Chinese goods into America have increased by 10 percent year-on-year. Over the past five years, China’s export volume has grown rapidly, while imports have fallen by about 3 percent.

Now the biggest twist is that China is occupying a large part of the world’s manufacturing market but it is not buying goods from the world in return. This is a one-way street which proves China’s ‘beggars make neighbours’ strategy.

Goldman Sachs’s ‘terrible prediction’ that world growth will be negative!

The report of Goldman Sachs has sounded alarm bells for the world economy. Earlier, when China, a heavily populated country, grew its production rate by 1%, it imported more and global growth got a positive boost of 0.2%. Now the situation has changed, China is exporting more, which means that China’s growth has now become harmful for the entire world economy.

Given this situation, Goldman has estimated that whatever benefit consumers get from cheap Chinese goods is more than the shock to the local manufacturing sector. As China grows faster by about 0.6 percentage points annually, the rest of the world’s growth rate may fall by 0.1 percentage points annually.

Who will become pauper?

China’s strategy of ‘turning neighbors into beggars’ is going to have a heavy impact on many countries, but in the near future, its most dangerous impact can be seen on countries like Europe, East Asia and Mexico.