Sri Lanka, March 12 -- Morning view of the Lujiazui area in Pudong of Shanghai, east China, June 21, 2018. /Xinhua

Editor's note: Elias Jabbour, a special commentator on current affairs for CGTN, is an associate professor at the School of Economics at the State University of Rio de Janeiro. The article reflects the author's opinion, and not necessarily the views of CGTN.

There is a real gap between what we read in Western press and academic journals about the current state of the Chinese economy and the reality itself. For those who live in the countries of the Global North, China seems to be experiencing a major crisis that in itself signifies the first signs of exhaustion of its "model." For them, this is a "lesson": China should emph...