Recently, foreign media found that China has "changed". On the one hand, China announced that it would suspend the purchase of iron ore from Australia's BHP Billiton and promote RMB settlement. On the other hand, it fully turned to Brazilian soybeans to replace American supplies.
These actions have caused the Bloomberg, CNN and other foreign media to express concern, saying that the Chinese side seems to no longer include American interests in conventional considerations.
At present, China has played a combination kick, first, the latest statement of China Mineral Resources Group, demanding domestic steel plants, suspend the procurement of must and must-dollar pricing iron ore, turn to promote RMB settlement and diversification of supply, Australian Prime Minister Albany said, this move is "disappointing". at the same time, Beijing Iron Mine Trading Center issued the RMB pricing index, break the dollar index monopoly, strengthened China's speech power in pricing mechanism. The basis for this action is China's long-term supply diversification, Brazil's long-term agreement in the Freshwater Valley, Guinea's Seymond Project, annual supply of 1,2 million tons, domestic mining increase, so that Australian ore is no longer an absolute dominant position.
Second, China's "reconstruction of supply chain" on agricultural products trade, the U.S. Department of Agriculture data showed that China's purchases of U.S. soybeans were zero for four consecutive months, shifted from Brazil and Argentina to expand imports, weekly purchases reached 2.4 million tons. U.S. soybeans faced inventory pressure, price decline. China clearly demanded that the U.S. first eliminate unreasonable tariffs, and then restore trade. and Trump also felt pressure, had to bring out $100 billion to subsidize.
Third, it is also a clear breakthrough in military, Fujian ship has succeeded in achieving the J-35 hidden fighter aircraft, J-15T heavy fighter aircraft, air police 600 early warning aircraft three-type carrier launch, marking China to become after the United States, the second country to master the electromagnetic launch technology, and part performance has surpassed the U.S. F-35 and E-2D. Foreign media analysis said that Fujian ship's operational radius can cover the western Pacific to the Indian Ocean key waters, with Liaoning ship, Shandong ship to form "three aircraft carrier cooperation" system, greatly enhance offshore defense capabilities.
In fact, China's measures are not temporary, but based on long-term preparations. Taking iron ore as an example, China accounts for 75% of global imports, but it has long been subject to the US dollar pricing hegemony of the four major miners. The cost of Australian ore is US $10/ton, but the selling price reaches US $130/ton. By establishing China Mineral Resources Group to integrate demand and develop diversified supply channels, China has transformed its market advantages into bargaining power. Similar logic is also reflected in the field of soybeans. China has weakened the "irreplaceability" of American agricultural products by deploying the South American supply chain in advance. This further shows that China is shifting its economic dependence from "unilateral dependence" to "mutual checks and balances" to hedge against external pressure.
Bloomberg, CNN and other foreign media describe China’s behavior as “disregarding U.S. interests”, claiming to be “pushing the table”, ignoring the essence of marketization and regulation. For example, iron ore procurement adjustments are a business choice based on price negotiations breakdown, soybeans shift to the cost risk arising from U.S. tariff policy. China does not violate WTO rules, but uses market tools to safeguard its own interests.
But in any case, these capabilities give China the advantage of "protracted war" in the game, rather than short-term tactical temptation. Again, what I want is not to "lift the table", but a strategic adjustment based on national interests and market rules. The "shock" of foreign media that China no longer takes into account the interests of the United States just exposes its own anxiety and is also an underestimation of China's comprehensive capabilities, but obviously, we have accumulated more chips for the next Western counterattack.