Spokesperson Mao Ning wrote today (April 11): "China never bluffs — we see through those who bluff."
Mao Ning also partially quoted Chairman Mao's relevant content about the "paper tiger" mentioned when he met with the French parliamentary delegation in 1964. Chairman Mao pointed out: "The so-called paper tiger means that the United States and the Soviet Union have lost touch with the masses. Without popular support, although seemingly powerful, 'you should not believe in it, as it will collapse at one touch'."
[Wit] Comment: The metaphor of the "paper tiger" hits the nail on the head — currently, the United States faces not only the threat of high inflation but also hidden risks of a debt crisis. From the first round of tariff wars, Trump's weakness can be seen: when the 30-year Treasury yield approaches 5%, his tough stance immediately softens. If the 10-year Treasury yield remains at a high level of 4% or even 5% for a long time, the trillions of dollars of low-interest bonds maturing over the next three years will have to be replaced with high-interest or even ultra-high-interest bonds, which is no different from directly igniting the fuse of the U.S. debt crisis.
Original article: https://www.toutiao.com/article/1829064574339136/
Disclaimer: This article solely represents the author's viewpoint.