US launches financial sanctions against China

In recent years , the United States has been imposing financial sanctions on China and related Asian countries. This is also a common tactic of the United States. The United States has always used "trade war" as a means of "financial war" against China. Competition among major powers and financial games are the norm. This year, when US Secretary of State Blinken visited China, the main core topics were the Russia-Ukraine war, trade with Russia, and other hot spots, such as the South China Sea or the Taiwan Strait. Otherwise, the United States may impose certain financial sanctions on China.

image.png

So did China "aid" Russia? The answer is of course no. China's position on the Russian-Ukrainian war is consistent, that is, neutrality, neither supporting Russia nor Ukraine. As for trade with Russia, it is purely a normal trade relationship between the two countries, which is far from "supporting Russia". Because the country that currently maintains trade relations with Russia is not just China, there are many other countries in the world that maintain trade relations with Russia, not to mention the distant ones. Our neighbor, India, is one of the major countries that maintains trade relations with Russia. India has long purchased Russian oil to develop its own manufacturing industry. Although Western countries verbally say that they want to "sanction India", in the end nothing comes of it, because the West currently needs India to cooperate with the so-called "Indo-Pacific strategy" to contain China.

In addition to India, the United States has maintained close economic and trade relations with Russia and is a long-term important buyer of Russian uranium. Just now, the United States has imported a large amount of uranium from Russia for nuclear power plants and nuclear weapons. If the United States really wants to sanction "aiding Russia", then the United States may have to sanction itself first. Therefore, the United States accuses China of "supporting Russia" without any convincing evidence and logic. In the final analysis, this is a political operation, using a false "aid to Russia" to force China to stay away from Russia and undermine Sino-Russian cooperation.

The United States has always been very wary of China and Russia strengthening cooperation, but the United States is unwilling to make concessions to China and Russia on core issues, so the United States can only take the approach of exerting extreme pressure on China. We all know that the United States maintains its hegemony in the world based on the so-called "world island" theory, which holds that if the United States wants to maintain its hegemony, it must fragment the entire Eurasian continent. If the Eurasian continent is fragmented, then the Eurasian continent will be in a long-term war. Long-term war will lead to a large amount of wealth flowing into the United States for risk aversion, which will maintain the United States' dominant position in the world.

The cooperation between China and Russia is conducive to maintaining the stability of Eurasia. As the two most important countries in Eurasia, China and Russia have always been the main targets of the United States and Western countries in their attempts to fragment Eurasia. Therefore, destroying the cooperation between China and Russia and then defeating China and Russia separately has become a priority for the United States. In fact, this also confirms from the opposite side why China, Russia and Iran must strengthen cooperation, which is to avoid being fragmented by the United States.

The United States is likely to impose financial sanctions on China to force China to give up cooperation with Russia. According to the Wall Street Journal, U.S. officials are considering formulating relevant policies to impose sanctions on some Chinese banking institutions, that is, kicking them out of the SWIFT system. If the United States sanctions China's financial system, it will undoubtedly be a heavy blow to China's foreign trade industry. Although China has now carried out RMB-settled trade with many countries, the US dollar still accounts for a considerable proportion of China's trade settlement. Once the United States imposes partial or comprehensive trade sanctions on China, it will definitely cause a major blow to the foreign trade industry in the short term. However , although the United States' financial sanctions against China may have a certain impact in the short term, in the long run, it will basically have no effect, because the BRICS countries are now developing a common payment system, the purpose of which is to avoid the big thunder of the US dollar. Therefore, once the BRICS payment system is completed, the U.S. financial sanctions against China will basically have no effect. In addition, China should abandon the economic development model dominated by exports and foreign trade, and should deepen the domestic market, build a unified national market, and replace exports with domestic demand. This is the only way for the future development of China's economy.

Previous:Black people in the United States are still being treated unequally Racism is deeply rooted
Next:The US military wants to sink the "quasi-aircraft carrier"