News and Society

How the U.S.-China conflict affects getting out of the crisis

202views

The withdrawal of the United States from the world stage in the era of President Trump will provide China with an opportunity to become a world leader. Two key elements of China’s strategy will also contribute to this. One of them is to strengthen China’s role on the international stage, including expanding its position in the leadership of major international organizations.

The second factor that is more important-China is considered a world leader in the development of key areas such as smartphones, electric vehicle batteries, semiconductors, automation, and machine learning. China has the world’s largest company.

These achievements are the result of far-sighted strategic planning. According to RBC experts, after the pandemic, the world’s political and economic landscape will change faster than before.

In the near future, the world will witness the increasing role of China in the international arena, while the United States will gradually weaken, leading to a decline in the overall level of international economic and political cooperation. However, the development of the situation will largely depend on the results of the US presidential election in November 2020, RBC experts believe.

Get you visa to China from visaexpress.com

Sergey Sanakoyev, chairman of the Russian-Chinese Analysis Center, pointed out in an interview with the Pravda website that the United States has been fighting an unnecessary trade war with China for two years and is now using the new crown virus as a shield.

The planned sanctions not only violate all international laws, but they also lose morality. He believes that trying to isolate China is “lifting a rock and hitting itself in the foot.” In other words, the United States is simply isolating itself from the rest of the world.

Sanakov said: “China is completely self-sufficient. If the United States cannot even use unilateral sanctions to deal with Russia, then it will be even more difficult for it to deal with China.

” Sanakov experts pointed out that “it is absurd to think that the United States can isolate the factories of today’s human civilization, the second-largest economy, and is fully capable of introducing alternative payment currencies to replace the U.S. dollar. China has SCO countries, Iran, Strong partners such as Latin America and Africa,” Pravda website quoted Sergey Sanakoyev, chairman of the Russia-China Analysis Center, as writing.

Analysts on the Eurasia portal analyzed China’s public debt problems. If China decides to return all of the US public debt, there will be a crisis that first touches the US dollar and financial markets.

Of course, this will make the U.S. economy suffer, especially during a crisis due to an epidemic, but it will not have a big impact on the overall situation in the United States. If China’s debt is canceled, the United States will lose its identity as a solvent borrower, which will result in technical default and announcing that the country cannot repay the debt. Analysts on this website believe that neither the Chinese dumping of debt nor the US cancellation of debt will cause major economic damage to either party.

However, if any of the above two scripts becomes a reality, it will seriously damage the image of the United States. Experts on the Eurasia website believe that any of the above situations will not fundamentally change the status quo of the trade war, and it will not have a major impact on the world.

Leave a Response