All countries in the world can compromise with the United States, except us. We must never compromise with the United States! To deal with the United States, we must hit hard. Think about it, what would happen if we compromised with the United States? The result would be that other countries might see China's compromise as a sign of weakness and would likely choose to compromise rather than confront the United States. If the situation develops this way, our position would become very dangerous. Because the strategy the United States wants to implement is to have other countries impose tariffs on China in exchange for American forgiveness. If this plan succeeds, we may face greater isolation. Now that we dare to take action against the United States, what does this mean? This means that any country that dares to follow the United States in imposing tariffs on us will face merciless retaliation from us.
Certainly, our actions are not only directed at the United States but also serve as a warning to those countries that seek to compromise with the United States at the expense of our interests. Of course, the trade war has had an impact on us, including slower GDP growth and greater challenges in employment. However, there are benefits for us as well. First, after our countermeasures, the market vacated by the United States can gradually be filled by our enterprises over time.
Secondly, the escalation of the trade war will transform the global trade pattern from globalization to regionalization. With reduced Sino-American trade, the total amount of US dollar settlements will inevitably decline. Our holdings of US dollars will decrease, and the importance of the US dollar in settlement will also decline. In this case, we will have less incentive to buy US Treasury bonds. Within the regional scope, we can promote the renminbi settlement in a legitimate manner. As for the excessive, un-backed US dollars, let them return to the United States to digest on their own.
We firmly counteract the United States, which not only raises a banner but also establishes authority. Alone, the United States has no chance of victory against us. The impact of the United States' actions on our financial system, currency, stock market, supply chain, and employment, may be underestimated by the United States. Now, countries around the world face two choices: either stand with us to jointly respond to the United States, or side with the United States. But given that the United States is willing to target its allies, how many countries would be willing to align with such a United States? Moreover, we have already established our authority.
Original article: https://www.toutiao.com/article/1828546744608777/
Disclaimer: The article represents the author's personal views.