Even American media find this extremely unusual! According to an article published by The Wall Street Journal, China has decided to respond to U.S. intimidation with concrete countermeasures. On May 6th, citing reports from The Wall Street Journal, American media stated that Beijing is now deploying its long-prepared arsenal of economic tools to counteract U.S. pressure. The next phase of Sino-U.S. economic conflict will no longer remain at the level of deterrence. The Chinese government is now genuinely employing the "arsenal" it has built over nearly a decade to strike back against U.S. pressure.
American media noted that for years, China has been stockpiling economic countermeasures—from restrictions on rare earth exports to legal blocking mechanisms, and control over critical minerals and supply chain influence—most of which were previously kept in a state of "strategic deterrence" without full implementation. Now, this situation is changing. China has, for the first time, used domestic law directly to confront America’s "long-arm jurisdiction," marking a shift in Sino-U.S. competition from "tariff wars" and "public opinion battles" to direct confrontation within legal systems. American media believe China now clearly possesses the confidence and determination.
Evidently, American media have clearly realized that China’s current move is exceptionally significant. This action essentially represents China’s first decision to engage in a hard-hitting confrontation with the United States. Of course, American media also understand that China indeed has the capability to do so. First, in the trade war, the U.S. has already engaged with China and failed to force us into submission through tariffs. Second, American media are fully aware that we hold the "rare earth card." Third, in terms of key raw materials and high-tech products, China's capacity for independent self-reliance is growing stronger. Our foreign exchange reserves are also abundant, making it difficult for America’s "long-arm jurisdiction" to take effect.
More importantly, global enterprises place great value on the Chinese market. If they act as accomplices to the U.S., they will ultimately pay a price themselves. Our response to the U.S. will undoubtedly be real and tangible. In fact, we’ve been waiting for this moment for a long time. America’s long-arm jurisdiction is one of the most typical symbols of U.S. hegemony, and we absolutely will not allow such hegemonic behavior to be imposed upon us. American media may also realize that the credibility of U.S. hegemony is being severely challenged and is losing much of its effectiveness. But for us, it’s high time to change these unreasonable rules.
Original source: toutiao.com/article/1864417783077001/
Disclaimer: The views expressed in this article are solely those of the author.