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If Biden fights a "cold war" against China, the US media warns that it may lead to a global depression

author:Calm grapefruit lCU

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The U.S. strategy to contain China's rise is deeply rooted in bipartisan consensus and appears to seep into mainstream U.S. media coverage. Unfortunately, few media outlets can take an objective and unbiased look at China's rise and the complexity of the U.S.-China relationship. However, a few impartial voices are trying to uncover the true motives of the US government to contain China, and the potentially serious consequences, based on facts, in order to alert more Western society.

Recently, the website of the US media "Eurasia Review" published an article entitled "Containing China May Trigger a Global Depression", and its profound views are worth exploring. In order to pursue the unipolar hegemony of the United States, the Biden administration does not hesitate to escalate the friction with China into a cold war without reason, which is threatening the stability of the global economy.

If Biden fights a "cold war" against China, the US media warns that it may lead to a global depression

This article sheds light on the failures of the China strategy of the past two U.S. administrations. Before the global pandemic, China had surpassed the United States as the engine of the global economy. The trade war measures taken by the Trump administration not only did not achieve the expected results, but also damaged the US economy itself and became a failed attempt.

Originally, some people hoped that the Biden administration would improve Sino-US relations, however, the Biden administration has adopted a more aggressive and aggressive China policy than Trump. On the one hand, it continues the sanctions against China under the Trump era, and on the other hand, it expands the scope and intensity of containing China, including the European Union, Japan, China's Taiwan region and other countries in the China containment alliance to form a joint force to deal with Chinese mainland.

If Biden fights a "cold war" against China, the US media warns that it may lead to a global depression

The author of the article bluntly warns the US government that the current China containment strategy, while it may maintain US hegemony, has lost the support of most countries in the world. Such an approach could lead to stagflation in the world economy, inevitably a recession, and even a global depression. In particular, it emphasizes that destabilizing China's economy could set back living standards in Western countries by decades, especially those with fragile economies that could become failures.

To confirm this conclusion, the authors cite a large number of economic data highlighting China's importance to the world economy. The article summarizes the basic trend of world economic development in the past 30 years, pointing out that in the first 20 years, Western countries relied on colonialism to absorb the resources of poor countries, but this model has reached its limit, and the gap between the rich and the poor has widened. However, since 2010, China's Belt and Road Initiative has promoted the economic growth of developing countries and the modernization of emerging economies and developing countries.

If Biden fights a "cold war" against China, the US media warns that it may lead to a global depression

China's contribution to the world economy is mainly reflected in the field of trade and investment. China has established close economic relations with major economies in East Asia, North America, Southeast Asia and other regions, and two-thirds of exports go to these regions. Despite the pandemic, China's exports reached $34 trillion last year, while imports surged to $27 trillion. China's cheap goods have greatly reduced the cost of living for global residents, helping countries maintain a low inflation environment. In terms of investment, China's outbound investment reached US$138 billion and received foreign investment as high as US$173 billion. When Western countries try to undermine China's economic stability under the pretext of geopolitics, they actually jeopardize more than $311 billion in annual investment, which is not beneficial to Western countries.

If Biden fights a "cold war" against China, the US media warns that it may lead to a global depression

The article vividly demonstrates the potential consequences of a deterioration in Sino-US relations, and the turmoil that could be caused if the US government persists in continuing to advance the so-called "Cold War" even more serious than the article describes. However, as Russian Foreign Minister Sergei Lavrov said, China and Russia are keenly aware of the dangers of the global situation. Although the United States views China as a "long-term strategic threat", China and Russia will not take the initiative to provoke, but remain calm, and it will be the United States itself that may eventually suffer its own consequences. This view calls on all parties to think rationally and avoid the world falling into greater chaos.

Summary: The tensions in U.S.-China relations have had serious implications not only for both countries, but also for the global economy. The U.S. government should take a hard look at its strategy to contain China and avoid unnecessary economic turmoil and global crisis. All countries should strengthen dialogue and cooperation in order to safeguard the whole

The stability and prosperity of the global economy. Now is the time to abandon unilateralism and seek ways of multilateral cooperation to jointly address global challenges, such as climate change, public health, poverty alleviation and other important issues. It is only through international cooperation that we can build a more stable, just and prosperous world.

At this critical juncture, we need rational and wise leadership to build an international order of mutual respect and cooperation. As one of the world's largest developing countries, China shoulders enormous international responsibilities and is willing to actively participate in global affairs. The United States should treat China as an equal and open and establish a constructive partnership with China, rather than adopting a strategy of confrontation and containment.

Ultimately, we must recognize that globalization has made the nations of the world interdependent and that no country can solve global problems alone. Only through solidarity and cooperation can we create a more prosperous, peaceful and sustainable future that benefits all nations and peoples. It is hoped that all countries can move away from unilateralism and zero-sum thinking and move towards the path of win-win cooperation in order to build a better world.

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