China need a new geopolitical Doctrine ?
- Thread starter MrCrazyBoyRavi
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If China does not respond, US will continue, China's inaction is seen as form of weakness
manqiangrexue
Brigadier
Unless you were a crooked Chinese politician and kept a lot of assets in the US, why would these sanctions be a problem for you? As a Chinese politician with nothing to hide, I would be proud to carry such a sanction as it would signify the contributions I have made for my country and also that I don't have vested interests in other (hostile) nations that could cloud my judgement.
Also, I think the last round, China put reciprocal sanctions on US politicians, which were just for show on both sides.
August 6, 2020
Russia and China are trying to get off of greenbacks.
By: Geopolitical Futures
Getting off the dollar. Russia and China are finding ways to reduce their dependencies on the almighty greenback. , the dollar’s share of trade between Russia and China dropped to 46 percent of settlements in the first quarter of 2020 – a 90 percent drop from 2015, and the first time ever it dipped below 50 percent. Partly that’s because the dollar was partially replaced by the euro, which accounted for a record 30 percent of settlements, and partly because it was replaced partially by their own currencies, which accounted for a record 24 percent.
The use of the dollar in global trade and finance is an incredible source of wealth and influence for the U.S. Over the past few years, the U.S. has increasingly sought to weaponize the world’s dependence on the dollar in pursuit of various strategic aims, particularly with sanctions. Naturally, China and Russia are leading the charge among countries – including many in the West – that want to deprive the U.S. of this leverage. China, in particular, is considering all sorts of innovative tools, such as cryptocurrencies, with which to engage in international trade without the dollar (and without requiring its partners to get over the reluctance to do business in the yuan).
Dedollarization isn’t without costs, though. And while trading bilaterally without benjamins appears to be working for Russia and China, convincing third parties to do likewise will be far more difficult. Success would have dramatic implications.
Russia and China are trying to get off of greenbacks.
By: Geopolitical Futures
Getting off the dollar. Russia and China are finding ways to reduce their dependencies on the almighty greenback. , the dollar’s share of trade between Russia and China dropped to 46 percent of settlements in the first quarter of 2020 – a 90 percent drop from 2015, and the first time ever it dipped below 50 percent. Partly that’s because the dollar was partially replaced by the euro, which accounted for a record 30 percent of settlements, and partly because it was replaced partially by their own currencies, which accounted for a record 24 percent.
The use of the dollar in global trade and finance is an incredible source of wealth and influence for the U.S. Over the past few years, the U.S. has increasingly sought to weaponize the world’s dependence on the dollar in pursuit of various strategic aims, particularly with sanctions. Naturally, China and Russia are leading the charge among countries – including many in the West – that want to deprive the U.S. of this leverage. China, in particular, is considering all sorts of innovative tools, such as cryptocurrencies, with which to engage in international trade without the dollar (and without requiring its partners to get over the reluctance to do business in the yuan).
Dedollarization isn’t without costs, though. And while trading bilaterally without benjamins appears to be working for Russia and China, convincing third parties to do likewise will be far more difficult. Success would have dramatic implications.
escobar
Brigadier
You do ‘salami slicing’ when you want to change something without going to war like PRC has done.
Now US is doing the same with Taiwan. Now it is Health and Human Services Secretary visit,
next time could be Pompoe or Epster visit, next time USAF or USN. The objective for US is to see how far they can go
and to weaken PRC stance on taiwan.
All those things US is doing against is fundamentally to show China and the world, that US is still the world only superpower. And there is still a big power gap between US and China. Everything else (huawei, tiktok, wechat ban etc) is just theatrical dance. After all, tech is a pretty good sphere to show that.
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manqiangrexue
Brigadier
Wow, you didn't answer anything from my post, literally had no response to anything. Red-line for what reaction? Reread and see if you can get it right on the second try: China need a new geopolitical Doctrine ?
It's not possible to weaken the PRC stance on the ROC. And sure, American strength is what they'd like to show but really, they are only showing desperation. The the results don't change, if they can't make American tech move faster than Chinese tech, if they can't instill more growth in America's economy than in China's, then it is indeed a desperate theatrical dance. Moving without achieving anything (or at least anything desirable) is called flailing.
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escobar
Brigadier
It is not about a response from CHina. China do not lack some cards to play, after all China is a world trade hegemon.
It is about the price CHina is ready to pay to use them.
Trump administration learned from DPP of Taiwan by provoking China and flaming any response from China as aggression to win election. I think it is a mistake to counter every move by this administration. But China has to response even if it meant to help elect Trump and escalate the situation and suffer losses due to the escalation. It will be an interesting 3 months before election.
escobar
Brigadier
Your inability to apprehend that will never cease to amuse me.
Desperation? You can see what you want to see
Desperate theatrical dance and stupid decision from the world superpower have bad consequences.
So instead of wasting time talking about US flailing you better think about how China should better shield itself from those consequence.
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