THE 19th Asian Games being held in Hangzhou, China, stands as a grand spectacle of unity, athleticism and cultural exchange. However, beyond the thrilling sporting events and dazzling activities, this event serves as a testament to China’s remarkable and stable economic trajectory. The organisation of these games demonstrates China’s commitment to international engagement, its investment in infrastructure and technology and its growing influence in the global arena.

Organising an event of this magnitude serves as a corroboration of China’s economic prowess and the nation’s commitment to showcasing its progress on the global stage. In recent times, western politicians and media outlets have persistently propagated a negative perception that China’s economy is on the verge of a severe downturn. These media entities have been actively promoting this unsubstantiated claim, seemingly with the intent of disparaging China’s continued economic progress in 2023. But the 19th Asian Games in Hangzhou reflect China’s stable economic trajectory through various dimensions, including infrastructure development, financial investments, and global influence.

Unlike the Olympics, the Asian Games have always carried the significance of Asian nations’ sovereign independence and unity. Beyond the realm of competitive sports, they serve as a spiritual vessel for the vast and diverse continent of Asia to come together and progress. This edition of the Asian Games is remarkable not only for its immense scale but also for the diversity of sports it featured. About 12,000 athletes from 45 countries participating in the largest Asian Games ever. With 40 major sports, 61 disciplines and an astonishing 481 events, these Games encompass a wide array of athletic endeavours. Among these, 29 were Olympic sports, aligning with the programme set for the upcoming Paris Olympics.

Meanwhile, 11 non-Olympic sports provide a platform for showcasing unique regional sports from across Asia. Furthermore, emerging sports like skateboarding, breakdancing and e-sports are introduced for the first time, highlighting the commitment of the Games to innovation and inclusivity. As a bridge for communication, reconciliation and friendship, the Asian Games transcend the boundaries of sport. They provide strength and inspiration for unity and cooperation not only in Asia but also in the wider world. This spirit of unity and strength has found consistent support from China and is deserving of collective appreciation.

One of the most visible signs of China’s stable economic trajectory is the extensive infrastructure development undertaken to host the Asian Games. The city of Hangzhou has undergone a remarkable transformation in preparation for the event. New stadiums, state-of-the-art sports facilities, modern transportation networks, and upgraded accommodation options have been built to cater to the needs of athletes, officials and spectators. Infrastructure projects for such mega-events require substantial investments and planning. Hangzhou, already known for its modernity and technological advancements, has undergone a significant transformation in preparation for the Games.

The construction of state-of-the-art stadiums, sports complexes and transportation networks, including high-speed rail and roadways, has showcased China’s capability to undertake large-scale infrastructure projects efficiently. The Hangzhou Asian Games venues are not just world-class but also environmentally sustainable, indicating China’s commitment to green and intelligent development. Although the expenditures related to the Games have not been made public, the Hangzhou government did confirm investments exceeding 200 billion yuan ($30 billion) from 2015 to 2020 in various areas, including transportation infrastructure, stadiums, accommodation, and other essential facilities.

China’s stable economic growth is closely linked to its technological advancements and the 19th Asian Games in Hangzhou serve as a showcase for the country’s innovation. Cutting-edge technology has been integrated into various aspects of the event, from ticketing and security systems to athlete performance analysis and communication infrastructure. Hangzhou’s 5G network, for example, provides lightning-fast internet connectivity and enables real-time data transmission, benefiting both athletes and spectators. This commitment to technological excellence is a reflection of China’s broader strategy to become a global leader in innovation and technology.

Moreover, China’s stable economy provides a sense of assurance to its Asian neighbours and trading partners. As the world faces economic uncertainties and fluctuations, China’s continued growth and resilience serve as an anchor for stability in the region. This economic stability, coupled with its hosting of events like the Asian Games, bolsters China’s position as a trusted partner in fostering peace, prosperity, and development in Asia.

As one of the world’s largest economies, China has the resources and influence to engage with other countries on various fronts. The Asian Games serves as a platform for cultural exchange, trade discussions and diplomatic negotiations, all of which contribute to China’s global economic stability. China’s commitment to sustainable development is evident in its approach to hosting the 19th Asian Games. The emphasis on ‘green’, ‘intelligent’, ‘frugal’, and ‘civilised’ development principles underscores China’s dedication to environmental preservation and responsible resource management. This commitment to sustainability aligns with global trends and positions China as a responsible economic powerhouse.

Factually speaking, despite all the biased narrative of western media, China has embarked on an impressive journey of support for its private enterprises, unveiling a comprehensive 28-step plan to address the challenges faced by these vital economic players. Eight Chinese ministries have collaborated to roll out this visionary initiative, signalling a clear commitment to fostering the growth of the private sector. These measures encompass a wide array of support mechanisms, including equitable access for private firms to major national projects and technological ventures, increased financial and land assistance, and reinforced legal protections.

The reality on the ground in China is far from the bleak picture that some western politicians and media outlets would like you to believe. As recently as September 15, the National Bureau of Statistics of China released data that should give pause to those peddling unfounded pessimism. The report highlighted a significant uptick in China’s industrial production, a key barometer of economic health, with a robust 4.5 per cent growth recorded in August — an impressive leap from the 3.7 per cent figure reported in July. These initiatives are a testament to China’s path to fostering economic growth and ensuring the well-being of its citizens.

Yet, as history has shown, sensationalism and misinformation continue to be prevalent in some western narratives, obscuring the real story of China’s remarkable economic resilience and vitality.