China and the United States hold a new round of trade negotiations in Malaysia. This time, the situation is different from before. China first gave the United States two blows!Today, the commentary tells everyone what unusual signals China has released in this negotiation.
At present, the Chinese delegation has arrived in Kuala Lumpur, the capital of Malaysia, and started consultations with the US. In this Sino-US negotiation, many people have noticed that the spirit between China and the United States is very different: China is calm and comfortable, but what about the United States? Although it cannot be said to be "in a hurry, rolling and crawling", it is not much better, because the Chinese side gave them two blows before they met.
The first fellow, is an important member of our delegation, Deputy Minister of Commerce Li Zhen Steel.Bescent, the leader of the US negotiations and finance minister, probably had a psychological shadow on Li Chenggang. He had previously complained to the media about China's "tough attitude" and publicly made rude remarks to Li Chenggang.
The media heard that there were two main things that made Besant unhappy, one was that Li Zhengzhou was at the negotiating table, on the face of the phone to the domestic, ordered to conduct an investigation on NVIDIA, and it was said in English, that is, to listen to the Americans.
This approach, in fact, is "in the way of their people to govern their bodies", in the face of pressure is the United States in the negotiations is the usual means. When the United States forced Japan to discuss the "Plaza Agreement", the US representative Lighthizer was in the face of the Japanese side, their program materials, folded into paper aircraft, lost back, to give the other party psychological pressure - it is really, "great country negotiations, be elegant."
Another thing was that Besent complained that Li Chenggang used "HellFire" to curse themThis is a religious word with a very intense color, the Chinese people will not feel anything to hear, but the American side is different.
After Trump took office, the religious atmosphere in the White House became stronger and stronger. In particular, Trump reused many goddesses, such as Paula White, who integrated "success studies" and "theology" into "success theology". Many of her activities were packaged as religious acts. In the White House, where there is a strong religious conservative atmosphere, Bescent will certainly catch a cold with the word "hell fire".
But this incident was not Li Chenggang's fault, but the fault of the American translation. She mistranslated our sentence "those who play with fire burn themselves to death." However, Rong Ping also had another guess. There are many people here who understand English. For example, Li Chenggang's English is very good, but no one reminded the United States of the translation error. It was probably just a mistake. Taking advantage of the United States 'own mistakes and causing them to suffer spiritual friction is also "magnanimity".
After Besent complained, China simply adjusted Li Chenggang's position and let him focus on dealing with the United States.Li Chenggang also appeared in the team during the Kuala Lumpur negotiations. He received widespread media attention. Of course, everyone is interested in someone who can make the US Treasury Secretary break his defenses. This is China's attempt to set up a dragon gate array for the US. This is the first time.
The second threat is that China has laid out an "overt plot".
Recently, a small incident occurred that many people ignored: Kenya, an African country, replaced its US dollar debt with RMB debt. Because of the high interest rate on the US dollar and the low interest rate on the RMB, Kenya can repay US$215 million less a year; at the same time, because Kenya's own economy is not developed enough and there is not much RMB to repay its debts, China agrees to use the RMB denominated mineral resources to repay it.
The criterion is that the key word is "Denominated in RMB"。
Some time ago, China forced Australian mining giant BHP Billiton to accept the conditions for RMB pricing and settlement; in the recent Anshi Semiconductor incident, Anshi China publicly refused the order of its Dutch headquarters, showing a trend of independent operation. Moreover, there is news that Anshi China factories have also resumed production and products have begun to be denominated in RMB.
If these news are true, Rong Ping thinks that we may be doing one thing: Establish a commodity trade system without the dollar, and then establish a global supply chain system without the United States, eventually forming an international market with China as the core, the yuan.
The current international market is actually still a model centered on the United States and dominated by the US dollar; the core of the previous Sino-US trade war was that the United States wanted to decouple from China and tried to kick China out of the international market.
But now, everyone has felt a different trend, that is, China is taking the initiative to get rid of the United States and the U.S. dollar, China's exports to the United States have been greatly reduced, China has much fewer U.S. dollar bonds in its hands, and China is also hoarding a large amount of gold. Now China is establishing a RMB-denominated commodity trading system. As a financial and financial professional, Bescent can't understand it, but he can't help it either. Now the United States has no bargaining chips.
The venue of this negotiation is Malaysia, which is the first time at China's doorstep, the first time in a non-western country, and the first time in a developing country. A few times ago, Geneva, Stockholm, London and Madrid were all in the western camp, but this time it is China's home; The venue of the negotiations is definitely not chosen randomly. China has a reason for choosing this, that is, it is telling the world that, The Sino-American negotiations have become easy to hold, and it is our turn to China to actively attack, and there is not much time left for Trump.
Before this negotiation, Trump repeatedly repeated that he would meet with China at APEC in South Korea, reach a trade agreement with China, and set up the so-called "three major concerns".
He said that it is actually setting the agenda for the Sino-U.S. negotiations, that is, requiring China to reach an agreement with the U.S. before APEC, and the content of the agreement must be "three major concerns"; but now, China has given Trump a clear message through certain channels, which is not what he wants to be able to get. This rule is not decided by the US sideIn the same year, Japanese people were pressured in a "total" way, which is useless to China.
Trump has provoked a trade war, but the rules and outcomes of the war are no longer under his control, with two key campaigns, one for rare earth and one for soybeans.
Rare-earth, China has once set up an export quota system, but was suppressed by the West with WTO rules, and after Wang came to power, the WTO arbitration mechanism was abolished, so China's measures to control rare-earth, the West is instead "Praying for God has no door"!
Soybeans were once Trump's trump card. With the cooperation of the four major grain merchants, China was very passive; after several years of game, soybeans have now become our trump card, and Trump is lifting a stone to shoot himself in the foot.
Rong Ping also noticed that recently, the US media has conducted some thorough investigations on domestic industries, which is really unknown and shocked. In addition to rare earth products, the United States has a high dependence on China in many fields such as pharmaceutical raw materials and high-precision chemicals. What does that mean? Trump only has three axes in his hand, but what he faces is a “Industrial Xerox”, currently being pushed to the front line, only rare earth two-use and other limited projects, behind is deep unseen depth, this is how to fight?
After this trade war, The international status between China and the United States will definitely undergo a great change. We are already at a stage where "quantitative change leads to qualitative change."This Kuala Lumpur negotiation, regardless of whether the two sides have achieved concrete results, whether they have reached a concrete agreement, the content of the agreement, The situation between China and the United States has reversed, and Trump must accept a new order with no “American exception” rule!