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Economy

Shifting Global Perceptions: China's Economic Influence Viewed Through Differing Lenses

Thursday 11 July 2024 - 08:15

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The world's perception of China's economic influence is a complex and nuanced landscape, as revealed by a recent survey conducted by the Pew Research Center. The study, which polled 44,166 people across 35 countries spanning six continents, paints a fascinating picture of how China's economic footprint is viewed globally.

The survey findings suggest a stark divide in attitudes, with middle-income nations tending to see China's economic impact more positively than their high-income counterparts. In the 17 middle-income countries surveyed, a median of 47% of adults said China has a positive influence on their country's economy, while only 29% viewed it negatively.

Conversely, in the 18 high-income nations included in the study, a median of 57% of adults described China's economic influence as negative, while just 28% saw it as positive. The United States stood out as the most critical, with around three-quarters of respondents viewing China's impact on the U.S. economy in a negative light.

This dichotomy in perceptions is particularly intriguing given China's ever-expanding global economic presence. The country's outward foreign direct investment has reached nearly $3 trillion, driven in part by its ambitious Belt and Road Initiative launched in 2013.

The survey also delved into public opinion on Chinese companies operating in various countries. Across the nine middle-income nations where this was explored, a median of 72% of respondents said these firms are good for their country's economy. Perceptions were most favorable in Thailand, Kenya, and Bangladesh, where over 80% held this view.

However, opinions were more mixed when it came to the environmental practices and treatment of local workers by Chinese companies. In Ghana and South Africa, for instance, a significant portion of the population expressed concerns about these aspects of the companies' operations.

Beyond economic matters, the survey also shed light on how the public in the Asia-Pacific region perceives China's role on the global stage. Opinions were divided, with majorities or pluralities in countries like Malaysia and Thailand viewing China as contributing to international peace and stability, while respondents in Australia, India, Japan, and South Korea were more skeptical.

Territorial disputes between China and its neighbors also emerged as a source of concern in the Asia-Pacific, with majorities or pluralities in all but one of the 10 countries surveyed expressing at least some degree of worry. The Philippines, where border tensions with China are particularly acute, stood out with 91% of respondents expressing concern, including 65% who were very concerned.

The Pew Research Center's findings underscore the complex and multifaceted nature of global perceptions of China's economic influence and role in the world. As the country continues to expand its economic footprint, understanding these nuanced viewpoints will be crucial for policymakers and business leaders alike.