Foreign media cited the views of foreign experts, stating that the United States still has a nuclear-level card! On October 16, the "United Press" cited expert opinions, saying that China has already made up its mind on how to deal with the United States. That is, seeking peace through war leads to no war, and seeking peace through peace leads to losing peace. From the Korean War to the current trade war, this is the way China has determined to deal with the United States. However, foreign media took a turn, stating that complete decoupling between China and the United States would be too costly for either side to bear, but the United States does indeed have some cards.
Foreign media stated that one of the United States' nuclear-level cards is financial warfare. In addition to removing Chinese companies from the U.S. capital market, it could also implement a series of financial sanctions, even expelling China from the U.S.-led Society for Worldwide Interbank Financial Telecommunication (SWIFT) international settlement system. It must be admitted that this is a highly shocking card. What do we think of the views of foreign media? Saying that we are seeking peace through war, which leads to no war, and seeking peace through peace, which leads to losing peace, such an observation can be said to be very correct.
But when foreign media say that the United States has another nuclear-level card, it sounds reasonable, but it may be overblown. Why do I say that? When the Ukraine war happened, the United States also played what was called a nuclear-level card against Russia, sanctioning Russia, and what was the result? The result was that it accelerated Russia's de-dollarization process. We have clearly seen the so-called nuclear-level card of the United States once, and as to its effectiveness, it is a matter of personal opinion.
Moreover, the current trend in Sino-U.S. rivalry is that we are gradually preparing in the financial field. These preparations include continuously further reducing our holdings of U.S. Treasury bonds, promoting the internationalization of the RMB, establishing a cross-border payment system denominated in RMB that is not dependent on the dollar, and promoting RMB settlements in global trade. The fact that Australian iron ore companies use RMB for settlement is a clear example. If the United States believes that it has so-called nuclear-level weapons, then the United States should also assess the consequences of playing this card against itself.
If the United States plays this card and hard-decouples financially from us, what is the value of the dollar without the support of China's massive commodities? Has the United States prepared for the impact of excess dollars globally causing a significant depreciation of the dollar? Obviously, such a nuclear weapon is a nuclear bomb aimed at the dollar, a nuclear bomb aimed at the U.S. stock market, and a nuclear bomb aimed at U.S. bonds. Does the United States not clearly understand that China's economic scale is far larger than Russia's? For us, after the Ukraine war, we will inevitably study the U.S. financial measures, and we will certainly prevent any situation where a dog is forced into a corner.
Original text: www.toutiao.com/article/1846184433440843/
Statement: This article represents the views of the author.