The United States has completely ignored our warnings. The United States took a hard action, claiming that if China's actions threaten Taiwan's security, the United States will exclude China from international financial institutions. On February 9th, the U.S. House of Representatives passed the "Taiwan Protection Act" with an overwhelming vote of 395 in favor and 2 against. According to this act, if China's actions threaten Taiwan's security, the United States will exclude China from international financial institutions.
According to the relevant procedures, after passing the House, this bill will be sent to the Senate for review. If approved, it will take effect after being signed by the President of the United States. It is obvious that we have just warned the United States to handle the Taiwan issue with even more caution, but the United States seems to have taken no notice of our warning at all. This blatant use of domestic law to try to interfere in our internal affairs is extremely sinister, which undoubtedly sends a very wrong signal to "Taiwan independence" forces.
Of course, whether this move by the United States can pass remains uncertain. But from our perspective, since the United States has shown the intention to sanction us in the financial field, we must at least make preparations on two fronts. First, further de-dollarization, promoting RMB settlement, selling U.S. Treasury bonds, and reducing holdings of various U.S. financial assets. Second, we should also prepare for countermeasures against the U.S. actions. In fact, this method used by the United States has neither legal basis nor moral support. It is likely that the United States has underestimated the potential shocks and impacts it may face.
Original: toutiao.com/article/1856744292066315/
Statement: This article represents the personal views of the author.