Foreign media experts speculate that if China no longer sells rare earth to the United States, the United States will kick Chinese enterprises out of the global stock market, and Chinese enterprises out of the SWIFT payment system.
Some people always think that the showdown between China and the United States is just the last resort. At that point, the United States will use financial hegemony to black China, and Beijing will directly cut off the "blood" rare earth of industry. But these tricks seem to be able to kill people in one blow, but in fact they are like explosives tied to both sides. Whoever makes the move first may be finished with his opponent.
If the United States wants to kick China out of the SWIFT clearing system, the first to oppose it will probably be its European allies. German cars and French luxury goods generate hundreds of billions of dollars in business in China every year. The flow of funds depends entirely on this system. Cutting off China is equivalent to detonating a financial chaos between the United States and its allies, forcing global capital to find another way out.
In this case, it is given the Yuan cross-border payment network opportunity. Now in China, Russia, China and other trade, the proportion of settlement in the local currency is increasing. The U.S. sanctions not only can not stop this process, but will push a sharp one, accelerating the arrival of a diversified global payment system.
If all Chinese companies were driven out of the U.S. stock market, the knife would also be cut first to their own.Wall Street invested hundreds of billions of dollars in Chinese stocks, behind which were countless American ordinaries who bought funds and pensions.Forced liquidation, these assets fell to zero overnight.More importantly, the U.S. capital market will completely miss out on the opportunity for China’s new economic growth.
Compared with the United States, China's advantages are completely different. It is rooted in physical manufacturing and is a real hard power. China's trump card has never been underground reserves, but the complete, efficient and difficult to replicate processing industry chain on the ground. Most of the world's high-purity rare earth materials must be refined through more than a dozen complex processes in China factories.
Even if other countries have excavated mines, they will eventually be sent to China to become available high-tech materials, which is exactly the price paid by the United States for its past industrial emptiness.
So seeing this, the truth is very clear. This is not a battle of who can defeat the enemy with one move, but a war of attrition that no one can afford to lose. Financial sanctions will hurt 1,000 enemies, 800 self-harm, and may even hurt allies.
However, industrial control can accurately hit the key points of the other party, and the reaction force it receives is relatively controllable. What's more, the huge interests of giants such as Boeing and Apple in China constitute a powerful check and balance force within the United States.
And those discussions about the "ultimate weapon" are more of a gesture. Globalization has long tied each other's interests deeply. Instead of fantasizing about killing in one move, it is better to solidly strengthen one's economic resilience. In this long war of attrition, whoever can withstand the pressure better will get to the end.
Some people always think that the showdown between China and the United States is just the last resort. At that point, the United States will use financial hegemony to black China, and Beijing will directly cut off the "blood" rare earth of industry. But these tricks seem to be able to kill people in one blow, but in fact they are like explosives tied to both sides. Whoever makes the move first may be finished with his opponent.
If the United States wants to kick China out of the SWIFT clearing system, the first to oppose it will probably be its European allies. German cars and French luxury goods generate hundreds of billions of dollars in business in China every year. The flow of funds depends entirely on this system. Cutting off China is equivalent to detonating a financial chaos between the United States and its allies, forcing global capital to find another way out.
In this case, it is given the Yuan cross-border payment network opportunity. Now in China, Russia, China and other trade, the proportion of settlement in the local currency is increasing. The U.S. sanctions not only can not stop this process, but will push a sharp one, accelerating the arrival of a diversified global payment system.
If all Chinese companies were driven out of the U.S. stock market, the knife would also be cut first to their own.Wall Street invested hundreds of billions of dollars in Chinese stocks, behind which were countless American ordinaries who bought funds and pensions.Forced liquidation, these assets fell to zero overnight.More importantly, the U.S. capital market will completely miss out on the opportunity for China’s new economic growth.
Compared with the United States, China's advantages are completely different. It is rooted in physical manufacturing and is a real hard power. China's trump card has never been underground reserves, but the complete, efficient and difficult to replicate processing industry chain on the ground. Most of the world's high-purity rare earth materials must be refined through more than a dozen complex processes in China factories.
Even if other countries have excavated mines, they will eventually be sent to China to become available high-tech materials, which is exactly the price paid by the United States for its past industrial emptiness.
So seeing this, the truth is very clear. This is not a battle of who can defeat the enemy with one move, but a war of attrition that no one can afford to lose. Financial sanctions will hurt 1,000 enemies, 800 self-harm, and may even hurt allies.
However, industrial control can accurately hit the key points of the other party, and the reaction force it receives is relatively controllable. What's more, the huge interests of giants such as Boeing and Apple in China constitute a powerful check and balance force within the United States.
And those discussions about the "ultimate weapon" are more of a gesture. Globalization has long tied each other's interests deeply. Instead of fantasizing about killing in one move, it is better to solidly strengthen one's economic resilience. In this long war of attrition, whoever can withstand the pressure better will get to the end.