On the afternoon of April 24, U.S. Secretary of State Antony Blinken arrived in Shanghai to begin his second visit to China. As is customary, just as when Mrs. Yellen came, another wave of interpretations of what signals were sent by Polinken's visit are coming. But not to mention anything else, there is no signal that Blinken has just landed, but he did come with the latest round of US sanctions, specifically with these several contents.
The first is that, according to a report by the Associated Press on April 23, the United States may be drafting a plan aimed at imposing so-called "secondary sanctions" on China that has dealings with Russian banks. That is, banks that do not deal directly with Russia through the SWIFT system, but through CIPS, the cross-border payment system of the renminbi, will also be subject to sanctions. According to a report by Russia's "Izvestia" newspaper, many large banks are afraid to accept some payments from the Russian side.
The other is that the U.S. Senate voted 79 in favor and 18 against, forcing ByteDance to sell TikTok in the next 270 days, otherwise it will completely ban TikTok in the United States. Biden said the bill will reach the president's desk in the White House tomorrow and will become law when he signs it. There are reports that TK has spent as much as $20 million lobbying for U.S. lawmakers in the United States, but apparently at the current juncture of the Biden election, none of this is working.
In addition, the European Union has also begun to follow suit, and it is said that the United States and the United States have launched an investigation into China's medical device procurement because it believes that China is biased in favor of domestic suppliers. Of course, before Blinken's visit, as we all know, there was a Section 301 investigation into shipbuilding and logistics in China. Recently, Biden announced an investigation into electric vehicles made in China on the grounds of "threatening national security", citing a letter written by four members of Congress to U.S. Commerce Secretary Raimondo and U.S. Transportation Secretary Buttigieg in July last year.
It can be said that after Blinken and Yellen announced their visit to China, the short period of half a month to Blinken's landing in China was almost the peak of US sanctions against China, and it was completely wave after wave, which can be described as "crazy", and I have never seen the United States use such means to deal with the world's second largest economy after the Cold War. Of course, everyone understands that after dealing with the Americans for so long, this is nothing more than extreme pressure, the set of cards made in the void, there is no bargaining chip, then create bargaining chips, too familiar taste.
Of course, Biden is at a critical moment in the election, and more sanctions against China will also be beneficial to his election, after all, he has not many tricks to use, and the more severe the sanctions against China, the more he loves the United States. The fact that this strange logic can work in the United States today is a tragedy in itself. However, it is also the most infuriating thing that can be so unscrupulously sanctioned before the visit, and even on the day of the visit, how can it be justified in the exchanges between the two countries? And is this the way the United States does things? If the United States represents the highest level of Western civilization, then it can be described as barbaric.
Anyway, we are clear about the level of the Americans, Yellen and Blinken don't really want to talk about something, and they don't have enough weight on the core issues of China and the United States. At best, they want to take the opportunity to take a look at our current situation, to test our situation in the continuous interest rate hikes of the dollar, whether the internal problems have been dealt with, and whether they can hold up? If not, then do you want to buy some US bonds, and we will talk about it? I am afraid that this is the question that Yellen and Blinken are really concerned about. And the surging sanctions are nothing more than trying to make us say the answers they need.
But no, this breath must be held, and it must be held even if you grit your teeth and swallow blood. This is the answer we give to the Americans, if you want to survive, then come to the eagle to see who can hold on longer. After all, in the face of US sanctions, we also have our own three ways to deal with it, the first one is to target the US "secondary sanctions" against banks is disgusting at best, because it is completely possible to allow one or several not to access the US dollar system, but to be solely responsible for accessing the cross-border payment system CIPS, so that even sanctions are not afraid.
As for the sanctions against TK, why come up with a 270 implementation time, of course, it is necessary to wait for the United States after this round of elections, this matter can be discussed in the long run, there is still a lot of room for maneuver, the United States does not dare to close the door to death, because they have not thought about what to do. As for the third move, in electric vehicles, solar energy, ships, logistics, it can be said that we have too many areas of strength, and the United States wants to investigate and sanction them one by one, which cannot be stopped. But can this alleviate the contradiction between supply and demand within the United States? When Americans' living standards lag far behind those of other European countries, isn't it clear who is better in the end? We might as well use this sentence of the faculty to imagine that the scenery should be long-term, and time will give the answer to the question of being excellent and backward.
On the other hand, the United States, is it faced with a U.S. debt that no one cares about, a deficit of 34 trillion yuan, increasing inflation, or is it the deindustrialization of the United States? Of course, we have our problems, but how long can you carry the Americans? If you are calm and relaxed, will Yellen and Blinken come to find out the situation, then you might as well let you come, let you take a good look, who can have the last laugh?