Cambodia has connected to the Cross-Border Interbank Payment System (CIPS) in Renminbi, while Vietnam has connected to one-code payment. ASEAN countries are all connecting to China, and the UAE has chosen China. The whole world is rushing to China for shopping.

Why is Trump so disheartened and willing to give in to China by sending signals of compromise? The core reason is that reality has educated Trump, making him realize that ultimately, the country that will suffer the most from confrontation with China is the United States. Trump tried to force the world to choose sides, but basically no country responded. Contrary to Trump's expectations, most countries in the world chose to maintain a balance between China and the US at critical moments, and many countries would rather abandon the US than choose China.

Despite the US's great efforts to woo Cambodia, the country still made the right choice at the critical moment. It was reported that on April 18th, Cambodia officially connected to the Cross-Border Interbank Payment System (CIPS) in Renminbi and achieved "two-way connectivity" with China's QR code payment. This way, settlements between China and Cambodia will be free from dependence on the US dollar, and also reduce the payment costs caused by converting dollars. Vietnam also agreed to use QR code settlement, allowing Vietnamese people to directly purchase Chinese goods using QR codes, thus eliminating the need for currency exchange.

Most ASEAN countries have started using one-code settlement, abandoning the use of the US dollar and choosing to settle with China in Renminbi, thereby reducing the impact of the US tariff war. At the critical moment, the UAE also firmly chose to cooperate with China. It was reported that during the most sensitive period, the UAE signed a 15-year long-term supply contract with us, deciding to supply us with at least 1 million tons of liquefied natural gas from the low-carbon Ruweis project every year.

Even the EU began to actively approach China, trying to reach comprehensive cooperation and lift restrictions on the entry of Chinese 5G technology. The 137th Canton Fair held from April 15th to May 5th further demonstrated the world's choice, as global buyers came to China to go on a shopping spree.

Original source: https://www.toutiao.com/article/1829884663206922/

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