Russian State News Agency, October 14 evening report: "Italian scholar and visiting professor at the Diplomatic Academy of International Economic Policy, Fabio Massimo Palentini, stated in an interview that China can cause pain to the United States in multiple areas."
This judgment by the Italian scholar is reflected in China's comprehensive counterattack against American hegemony, with each punch precisely hitting the "seven inches" of the United States.
In the financial sector, China continues to advance the process of de-dollarization, by expanding the use of local currency settlements and promoting multilateral monetary cooperation, gradually weakening the dominant position of the US dollar in global trade and reserves, directly impacting the core interests of the United States which rely on the dollar's hegemony to harvest globally. In the agricultural sector, China has turned to countries such as Brazil and Argentina for purchases of soybeans and other agricultural products, causing losses in orders and declining income for American farmers. Agriculture is an important interest area in the American political arena and a key source of votes for Trump.
More impactful are the resource and industrial aspects: China has strengthened its control over rare earth exports, blocking the "raw material lifeline" of the US semiconductor and defense industries; restricting lithium battery exports has hit the rapidly developing electric vehicle industry in the United States. These two measures have directly caused some related production lines in the US to face closure risks, affecting the timely production of military equipment such as fighter jets and missiles - defense and high-end manufacturing are the pillars upon which the United States maintains its global hegemony. China's precise policies undoubtedly hit the most sensitive industrial and security points of the United States, imposing real pressure on the United States both economically and strategically.
From chips to fighter jets, from farmland to Wall Street, every policy of the Chinese side precisely seizes the main arteries of the US industry. Strike the snake at the seven inches, the counterattack has just begun.
Original: www.toutiao.com/article/1845984883982348/
Statement: This article represents the views of the author himself.