The United States has been sanctioning China everywhere for eight years, and China's development is getting better and better, and the United States is in a quagmire
Since 2018, the United States has imposed a series of comprehensive sanctions against China in an attempt to contain China's development. These sanctions cover a wide range of fields, including military, science and technology, human rights, and finance, and are aimed at restricting China's access to critical technologies and resources and weakening China's overall national strength.
In the military field, the United States has banned the sale of weapons and equipment to China and sanctioned companies and individuals involved in China's arms purchases. This is aimed at hindering the modernization of China's armed forces and maintaining the United States' military superiority in the Asia-Pacific region. The U.S. has also added Chinese technology companies to the "Entity List," restricting their access to U.S. technology and products, in an attempt to curb China's development in cutting-edge technology fields such as artificial intelligence and 5G communications.
On human rights issues, the United States has sanctioned a number of Chinese officials and companies on issues related to Xinjiang and Hong Kong. This is seen as a manifestation of US interference in China's internal affairs. Sanctions in the financial sector include restrictions on Chinese banks' operations in the United States and threats to exclude China from the SWIFT system.
Despite years of all-round sanctions and suppression by the United States, China's economy has maintained a good momentum of development, showing strong resilience and vitality. In 2022, China's GDP grew by 3% year-on-year, leading the world's major economies.
Manufacturing and emerging industries are important engines of China's economic development. Under the influence of sanctions, China has accelerated the pace of industrial restructuring and technological innovation, and the formation of new quality productive forces has been accelerated. A large number of emerging industries are booming, injecting new impetus into economic development. China has continued to expand its opening-up to the outside world, becoming a major country in global trade in goods, and participating in the global industrial division of labor and value chain.
Poverty alleviation is a bright spot in China's development. In recent years, China has achieved a decisive victory in large-scale poverty alleviation, with the middle-income group expanding and the domestic market potential huge. This has laid a solid foundation for the sustainable development of China's economy.
In stark contrast to China's economic development, the United States itself is mired in multiple predicaments such as high inflation, heavy debt, and geopolitical turmoil.
The issue of inflation has always been a pain point for the U.S. economy. In 2022, the U.S. Consumer Price Index (CPI) rose 9.1% year-on-year, hitting a new high in more than 40 years. High inflation not only erodes people's purchasing power, but also increases the debt burden of the younger generation, affecting the sustainable development of the economy.
On the geopolitical front, the US military operation in the Middle East has suffered a series of setbacks and attacks, resulting in a large number of casualties. U.S. sanctions against Russia have also had limited effect, failing to stop Russia's military operation in Ukraine.
Despite years of all-round sanctions and suppression by the United States, China's economy has maintained a good momentum of development, showing strong resilience and vitality. In stark contrast, the United States itself is mired in multiple predicaments of high inflation, high debt, and geopolitical turmoil.