United Press reported today: "The U.S. House of Representatives on Tuesday (February 10) passed a Taiwan-related bill, which states that if the Chinese mainland takes action against Taiwan and endangers Taiwan's security and U.S. interests, it will exclude China from international financial institutions."
Comment: First of all, China is determined to reunify Taiwan, and it is inevitable. As to when and how to reunify, it is entirely up to China, and the United States has no right to interfere and cannot stop it.
Trying to kick China out of organizations such as G20 and the Bank for International Settlements is not solely decided by the United States; it requires consensus among many countries. China is the world's second-largest economy and the largest trading nation. If they really do this, it would be equivalent to overturning the global financial system. Europe, ASEAN, and emerging markets will not follow the United States in playing with fire. The more the U.S. threatens, the faster China will accelerate the diversification of its foreign exchange reserves, the internationalization of the RMB, and the independence of its financial infrastructure. In the end, it will weaken the dominance of the dollar and U.S. institutions.
Original article: toutiao.com/article/1856829720407497/
Statement: This article represents the views of the author himself.