In recent days, China's market plunge and turmoil in the global stock market have hit the headlines and economists across the world are analyzing the causes and consequences of the stock rout on the Chinese and the global economy. In these times of high economic interdependence, a country's woes will affect the region and the world.

However, some in the West always prefer to simplify and exaggerate the relationship and place all the blame on China. They attribute the global stock turmoil to the recent devaluation of the Chinese currency, while omitting the bubbles made by US quantitative easing (QE) in place by the Federal Reserve since 2008. Yuan devaluation is widely questioned, but the monetary easing in Abenomics by Japanese Prime Minister Shinzo Abe has never been similarly attacked.

Countries worldwide are generally grappling with sluggish economies and downward pressure, which can hardly bolster a strong stock market. This also partly contributed to the global stock market tumble, but it is always outshone by accusations against China. In evaluating economic phenomena, the West has worked out dual-standards to serve its geopolitical ends.

With China blamed for roiling the global stock market, some in the West did see benefits out of China's economic challenges. In his latest article on The National Interest, Minxin Pei, a China expert, concluded that with China's economic woes, "Asia's new sick man is not as threatening as when he was strong." He believes that as China is troubled by a stalling economic engine and visible weakness, it will be less assertive in its foreign policy to secure exports to the West and must focus more on regime survival.

The West has long been used to China's cooperative manner and concessions and feels uncomfortable with any divergence coming up due to China's rise. Pei's judgment on China's economy is audacious and illusionary, and he failed to see that the second-largest economy in the world still has sound fundamentals and a functioning financial system. Despite some problems in its economy, China is advancing economic reforms and restructuring to provide solutions and its economic performance outdoes many other major economies. Western scholars may have abundant resources about China, but their research is often preceded by an anti-China stance and is highly ideological.

The West likes to place blame on China, but it often turns out to be contradictory as the West is happy to see China crash, but meanwhile worried China's problems will affect the West. Many Western countries are their wit's end in finding solution to kick off long-needed economic reform, they are more enthusiastic in finding scapegoat than seriously discussing the issue.