MOFCOM deputy minister said claims that China’s industrial development threatens Western monopolies and squeezes developing countries — labelled 'China Shock 2.0' by some — are unfounded. He said China accounted for about 30% of global growth over the past decade and, through market scale, industrial advancement and technological progress, is supplying expanding market, development and innovation dividends that create additional global growth opportunities, described by some as 'China Opportunit

MOFCOM deputy minister said claims that China’s industrial development threatens Western monopolies and squeezes developing countries — labelled 'China Shock 2.0' by some — are unfounded. He said China accounted for about 30% of global growth over the past decade and, through market scale, industrial advancement and technological progress, is supplying expanding market, development and innovation dividends that create additional global growth opportunities, described by some as 'China Opportunity 2.0'.