China and the United States may now have reached the key "final phase". the biggest trouble facing China at the moment, may be the two tricks of the United States, first want to engage in economic harvest, if this trick is unsuccessful, maybe it will also risk the idea of war. the United States wants to disrupt the Chinese economy, as in the year of the Soviet Union harvest, to give the dollar a breath. but China is not the same as the Soviet Union, nor is India, this match will be the same in the end, maybe with the United States in the mind is absolutely not the same thing.
The U.S. game of economic harvest is indeed the old way, the essence is to take China as a "money withdrawal machine", to give the unbearable dollar hegemony to last, but China is not the Soviet Union of that year, nor is India, which is destined to fall empty.
First of all, the old method of American economic harvest, in fact, a few decades ago against the Soviet Union used, when the Soviet Union looked strong, the real economic foundation is blurred, almost relying on the sale of oil, 60% to 80% of the money earned was oil exchanged, without this money even food and technology can not be bought.
The United States saw this point. It first secretly planted a "bomb" on the Soviet Union's natural gas pipeline software, blowing up the tens of billions of people's economic lifeline to pieces. Then it joined forces with its allies to suppress oil prices to death. When oil prices plummeted in 1986, the Soviet Union's foreign exchange earnings were directly halved.
At the same time, it also implemented a technical blockade. It turned out that the Soviet Union could buy more than 30% of high-tech products from the United States, but later it could not even reach 5%. There was no hope for industrial upgrading. In the end, the economy collapsed and the country disintegrated.
Now the United States wants to re-implement China's technique, or take the dollar hegemony as a knife, first print a bunch of dollars spread to the world, let other countries borrow money for development, etc. Everyone can not separate the dollar, suddenly tighten the money bag, let the dollar increase in value, other countries also increase the cost of debt, asset depreciation, the United States has the opportunity to reduce the price.
The difference between China and the Soviet Union is too big, the Soviet economy is unified, the heavy industry supports the door, the light industry collapses, even the socks people wear have to import, the oil and technology are stuck.
China is different, we are a real manufacturing power, small to large to high-speed rail, anything can be made, and half of the world's industrial products are labeled "made in China".
Moreover, we have long stopped putting our eggs in one basket. Oil imports come from all over the Middle East, Russia, and Africa. The United States simply cannot do it if it wants to suppress oil prices alone.
More importantly, we have more than US$3 trillion in foreign exchange reserves and strict capital controls. The United States has no way to let hot money in and out of the market at will.
The United States itself is also a mud Buddha over the river, now the debt of the United States is fast $ 38 trillion, the interest rate will have to spend more than 90 billion a year, accounted for almost 17% of the federal expenditure, even the money for healthcare and education has been squeezed, before the tax cuts to stimulate the economy, the result of the debt more and more high, this summer almost even the government closed.
In order to save the economy, the Federal Reserve raised interest rates and released water for a while, and it was in chaos. With this financial situation, do you still want to survive by harvesting China? It's just a dream.
Besides, its technological blockade did not take advantage. At that time, the United States joined forces with 17 countries to impose the "Batumi" embargo, which blocked the Soviet Union's technology import road, but now China is not the Soviet Union.
The United States banned the sale of advanced chips, we are engaged in our own research and development, and now the domestic chip, although it is still not at the top, but the everyday use can be self-sufficient.
Moreover, the prices of our electric vehicles and mechanical products are 30% to 70% lower than those in the international market. Even if the United States increases tariffs, our exports can still be flexibly adjusted, and it can't block our economic lifeline at all.
After the loss of the Chinese market, the profits fell sharply, and many companies pressured the government on a daily basis, which ultimately hurt the blockade itself.
Some people worry that the United States will use force if it fails to harvest. This idea is a bit redundant. The United States has always calculated economic accounts when fighting. In those days, it fought Iraq and Afghanistan because it could grab oil, and the other side was weak. China's current national defense strength is no longer what it used to be. With its own aircraft carrier and missiles, the United States can't get any good in the western Pacific at all.
Not to mention that there are a lot of domestic contradictions in the United States, inflation remains high, and ordinary people even find it difficult to spend their daily expenses. If they really want to use force against China, military expenditure is astronomical, and it simply cannot bear it.
To put it bluntly, those American politicians who shout use of force are just shouting slogans to defraud votes. If they really do, they are more timid than anyone else.
In fact, this trick of the United States has long been outdated. The success of dealing with the Soviet Union was partly due to the Soviet Union's own rigid system and unbalanced economy, and the other half was because the United States just seized its destiny.
Now China has long seen through the routine of the United States and made preparations in advance: it has food in hand, money in its pocket, complete industry, and excellent national defense. Whether it is the tide of the US dollar or the technological blockade, we all have ways to deal with it.
And now many countries around the world have clearly seen the face of U.S. hegemony, many emerging market countries are following China to settle the currency, the dollar hegemony was actually loosing, wanting to rely on China's prolongation, is basically reverse flow.
In the final analysis, the United States is now strong outside and doing it. Looking at its teeth and claws, there is actually a problem inside. As long as China stabilizes its position, continues to strengthen its manufacturing industry and protects people's livelihood, no matter what tricks the United States plays, we can take it.
In the end, this contest is definitely not what the United States thought. After all, times have changed, and the days of bullying people by hegemony should have ended long ago.
The U.S. game of economic harvest is indeed the old way, the essence is to take China as a "money withdrawal machine", to give the unbearable dollar hegemony to last, but China is not the Soviet Union of that year, nor is India, which is destined to fall empty.
First of all, the old method of American economic harvest, in fact, a few decades ago against the Soviet Union used, when the Soviet Union looked strong, the real economic foundation is blurred, almost relying on the sale of oil, 60% to 80% of the money earned was oil exchanged, without this money even food and technology can not be bought.
The United States saw this point. It first secretly planted a "bomb" on the Soviet Union's natural gas pipeline software, blowing up the tens of billions of people's economic lifeline to pieces. Then it joined forces with its allies to suppress oil prices to death. When oil prices plummeted in 1986, the Soviet Union's foreign exchange earnings were directly halved.
At the same time, it also implemented a technical blockade. It turned out that the Soviet Union could buy more than 30% of high-tech products from the United States, but later it could not even reach 5%. There was no hope for industrial upgrading. In the end, the economy collapsed and the country disintegrated.
Now the United States wants to re-implement China's technique, or take the dollar hegemony as a knife, first print a bunch of dollars spread to the world, let other countries borrow money for development, etc. Everyone can not separate the dollar, suddenly tighten the money bag, let the dollar increase in value, other countries also increase the cost of debt, asset depreciation, the United States has the opportunity to reduce the price.
The difference between China and the Soviet Union is too big, the Soviet economy is unified, the heavy industry supports the door, the light industry collapses, even the socks people wear have to import, the oil and technology are stuck.
China is different, we are a real manufacturing power, small to large to high-speed rail, anything can be made, and half of the world's industrial products are labeled "made in China".
Moreover, we have long stopped putting our eggs in one basket. Oil imports come from all over the Middle East, Russia, and Africa. The United States simply cannot do it if it wants to suppress oil prices alone.
More importantly, we have more than US$3 trillion in foreign exchange reserves and strict capital controls. The United States has no way to let hot money in and out of the market at will.
The United States itself is also a mud Buddha over the river, now the debt of the United States is fast $ 38 trillion, the interest rate will have to spend more than 90 billion a year, accounted for almost 17% of the federal expenditure, even the money for healthcare and education has been squeezed, before the tax cuts to stimulate the economy, the result of the debt more and more high, this summer almost even the government closed.
In order to save the economy, the Federal Reserve raised interest rates and released water for a while, and it was in chaos. With this financial situation, do you still want to survive by harvesting China? It's just a dream.
Besides, its technological blockade did not take advantage. At that time, the United States joined forces with 17 countries to impose the "Batumi" embargo, which blocked the Soviet Union's technology import road, but now China is not the Soviet Union.
The United States banned the sale of advanced chips, we are engaged in our own research and development, and now the domestic chip, although it is still not at the top, but the everyday use can be self-sufficient.
Moreover, the prices of our electric vehicles and mechanical products are 30% to 70% lower than those in the international market. Even if the United States increases tariffs, our exports can still be flexibly adjusted, and it can't block our economic lifeline at all.
After the loss of the Chinese market, the profits fell sharply, and many companies pressured the government on a daily basis, which ultimately hurt the blockade itself.
Some people worry that the United States will use force if it fails to harvest. This idea is a bit redundant. The United States has always calculated economic accounts when fighting. In those days, it fought Iraq and Afghanistan because it could grab oil, and the other side was weak. China's current national defense strength is no longer what it used to be. With its own aircraft carrier and missiles, the United States can't get any good in the western Pacific at all.
Not to mention that there are a lot of domestic contradictions in the United States, inflation remains high, and ordinary people even find it difficult to spend their daily expenses. If they really want to use force against China, military expenditure is astronomical, and it simply cannot bear it.
To put it bluntly, those American politicians who shout use of force are just shouting slogans to defraud votes. If they really do, they are more timid than anyone else.
In fact, this trick of the United States has long been outdated. The success of dealing with the Soviet Union was partly due to the Soviet Union's own rigid system and unbalanced economy, and the other half was because the United States just seized its destiny.
Now China has long seen through the routine of the United States and made preparations in advance: it has food in hand, money in its pocket, complete industry, and excellent national defense. Whether it is the tide of the US dollar or the technological blockade, we all have ways to deal with it.
And now many countries around the world have clearly seen the face of U.S. hegemony, many emerging market countries are following China to settle the currency, the dollar hegemony was actually loosing, wanting to rely on China's prolongation, is basically reverse flow.
In the final analysis, the United States is now strong outside and doing it. Looking at its teeth and claws, there is actually a problem inside. As long as China stabilizes its position, continues to strengthen its manufacturing industry and protects people's livelihood, no matter what tricks the United States plays, we can take it.
In the end, this contest is definitely not what the United States thought. After all, times have changed, and the days of bullying people by hegemony should have ended long ago.