laitimes

Xinhua Times Commentary: Hyping up China's "economic coercion" is confusing the public and shouting to catch the thief - the second in a series of comments on the US smear of China

author:Bright Net

Beijing, 26 May (Xinhua) -- Hyping up China's "economic coercion" is the second in a series of comments on the US smear of China's rhetoric

Xinhua News Agency reporter Gao Wencheng

Recently, the United States has instigated a few other developed countries to label China as "economic coercion" and used this as an excuse to "counteract" China. This is a typical thief shouting to catch a thief drama. Concocting excuses and indiscriminately buttoning hats is the consistent practice of the United States to suppress and smear China. Who are the repeat offenders of economic coercion, and who are the victims of economic coercion? Facts are the best proof of this.

The Center for a New American Security, a US think tank, bluntly stated in a report that economic coercive measures have always been a tool of US foreign policy. Relying on the hegemony of the US dollar, by cutting off the US dollar supply and trading channels of other countries, restricting the US dollar financing channels and trading channels, etc., to pressure and sanction other countries; Establish a wide range of trade control lists using various trade control measures, including sanctions, import and export restrictions, and tariffs; Engage in "long-arm jurisdiction", enact domestic laws such as the Foreign Corrupt Practices Act and the Enemy Trade Act, and directly impose sanctions on specific countries, organizations or individuals... The US economic coercion is a variety of tricks and skillful in its use. The United States has shown the world with practical actions that it is the "aggregator" of economic coercion.

Xinhua Times Commentary: Hyping up China's "economic coercion" is confusing the public and shouting to catch the thief - the second in a series of comments on the US smear of China

On May 1, 2022, Cubans participated in the May Day International Workers' Day rally and march in Havana to oppose the US blockade of Cuba and express their patriotic feelings. Xinhua News Agency (photo by Joaquín Hernandez)

U.S. allies, including other G7 members, know firsthand about economic coercion. For many years, they have often become "coerced" by the United States. Forcing Japan to sign the US-Japan Semiconductor Agreement, successively imposing trade sanctions on Japanese semiconductors, computers and other products, weakening Japan's industrial competitiveness and development; the dismemberment of the French company Alstom by means of "economic hostage"; On the grounds of safeguarding national security, tariffs have been imposed on steel and aluminum products in many countries and regions such as the European Union... In the face of interests, the United States has not been soft on its allies in the slightest, and has used all kinds of coercive means over and over again.

In recent years, the United States has generalized the concept of "national security", frequently pulled enterprises of other countries into the "entity list", engaged in trade embargoes, technological blockades, and unilateral bullying and suppression. Whether it is the "Chip and Science Act", the "Inflation Reduction Act", or the so-called "friendly shore outsourcing", they all violate WTO rules, disrupt and disrupt the global industrial chain and supply chain, and have been widely condemned and even countered. At the end of last year, the WTO ruled that the United States violated WTO rules by imposing tariffs on imported steel and aluminum products, and the United States not only refused to correct it, but also abused its right of appeal to deliberately create obstacles to the implementation of relevant rulings... Some people describe the United States as "the perpetrator of unilateralist bullying, the destroyer of the multilateral trading system, and the disruptor of the global industrial chain and supply chain", which vividly portrays the international image of the United States as a "coercion".

Xinhua Times Commentary: Hyping up China's "economic coercion" is confusing the public and shouting to catch the thief - the second in a series of comments on the US smear of China

This is the White House photographed in Washington, USA, on August 4, 2022. Photo by Xinhua News Agency reporter Liu Jie

The reason why the United States wants to put a hat on China is, first, to find an excuse for its unreasonable suppression of China, and second, it is trying to confuse the public and hoodwink the world, packaging its hegemonic behavior as "justified" "anti-coercive measures", and whitewashing itself as a "righteous big brother" who has emerged from the "coerced country". However, this "righteous big brother" character is shattered at the touch of a touch. The United States often lets its allies charge ahead and profit from itself. As far as Australia, which is hyped by US officials as a so-called "victim of China's economic coercion", on the one hand, the United States encourages Australia to actively act as an anti-China vanguard, on the other hand, it has increased the export of corresponding products to China at a time when Australia's exports of coal, wine, cotton and other products to China have decreased. The South China Morning Post commented that the growth of US exports to China has come at the expense of Australia, and the United States has been steadily "backfilling" the gaps left by its allies.

Australia's experience has made US allies realize that the United States concocted the so-called "economic coercion" of China for the sake of the United States' own selfish interests; The so-called "joint response" advocated by the United States is actually to ask its allies to share the political and economic costs of the great power game. A report by the RAND Corporation of the United States exposes the "calculation" of the United States: whether it is to impose tariffs on Chinese products or completely block them, American consumers will bear higher costs; But if a "joint response" is pursued, these costs will be shared by so-called "coalition members." For the United States, there are only eternal interests, there are no eternal friends.

The hat of "economic coercion" is fitting to put on the head of the United States, and it should not be deducted to China.

Xinhua Times Commentary: Hyping up China's "economic coercion" is confusing the public and shouting to catch the thief - the second in a series of comments on the US smear of China

Above: This is the Mombasat Bridge project under construction on the Mombasa Railway in Mombasa, Kenya, on September 1, 2016. Photo by Xinhua News Agency reporter Pan Siwei

Below: A zebra grazes near a train on the Momnai Railway in Tsavo, Kenya, on July 28, 2022. Photo by Xinhua News Agency reporter Dong Jianghui

As we all know, China adheres to the path of peaceful development and firmly pursues an opening up strategy of mutual benefit and win-win results. From 2013 to 2021, China's average contribution to world economic growth exceeded that of the G7 combined. When promoting the "Belt and Road" cooperation, China adheres to the principle of consultation, co-construction and sharing, never attaches any political conditions, never seeks any political self-interest, regards all countries as equal partners, and carries out mutually beneficial cooperation, which has attracted more than three-quarters of the world's countries and 32 international organizations to participate so far. This fully proves that the clumsy trick of the American thief shouting to catch the thief cannot fool the world.

Source: Xinhuanet

Read on