Text: Cong Cong
Edited by Cong Cong
introduction
In this era of globalization, the "big brother" of United States is trying its best to maintain its economic hegemony.
Recently, however, it has discovered that its tricks don't seem to be working well in China.
What can I do?
You can't just watch your hegemony shake, right?
As a result, United States turned its attention to another great power, India.
Hey, I can't beat you China, I can't beat you India?
United States' "fishing strategy" and China's response
United States has been adept at using "phishing tactics" to control the global financial system.
To put it simply, it is to "fish" the economic interests of other countries through the status of the dollar as the world's main reserve currency and the influence of the United States financial market.
While raising interest rates to attract investors from all over the world to buy United States Treasury bonds, while cutting interest rates, at a critical moment to give other economies a "bottom of the kettle".
As soon as the dollar fluctuates, the whole world has to tremble.
But China, this shrewd adversary, is clearly not so easy to take the bait.
China has long seen through this trick and has begun to gradually strengthen its monetary policy autonomy.
RMB Internationalization, Belt and Road Initiative, BRICS Cooperation ...... These are all measures taken by China to get rid of its dependence on the dollar and enhance its voice in the global economy.
When the United States sees that this trick does not work for China, what should it do? Change your moves!
As a result, the United States began to adjust its strategy and no longer put all its eggs in one basket.
It began to look for new "prey", trying to distract other countries through sanctions, trade wars and other means, and also wanted to take the opportunity to weaken some potential competitors.
India became United States new goal
When it comes to India, it's a market with a lot of potential.
India's economy is now on the rise, and the demographic dividend and market opportunities are all there, and the future is limitless.
However, India also has its own problems, such as backward infrastructure, large gap between rich and poor, and a single economic structure.
Moreover, India has long relied on foreign capital and international markets, especially energy imports and foreign capital inflows.
This makes it particularly vulnerable to external economic pressures.
United States sees India's potential, but it also sees its problems.
Therefore, United States decided to use these problems to impose "all-round sanctions" on India.
From trade to investment, from technology to market, United States has used almost all the means at its disposal.
The purpose is naturally to want India to submit to its hegemony and become a pawn in the global economy.
But India is not vegetarian either.
It looks for a more independent position in global affairs, trading oil with Russia in its own currency.
What makes United States even more unhappy is that India is also trying to exclude China from the BRICS settlement system.
Moreover, the India government has also begun a series of countermeasures.
Strengthen domestic industrial upgrading, promote economic diversification, and strengthen cooperation with other countries...... Although these measures cannot fully offset the impact of United States sanctions, they at least give India hope in the difficult situation.
India's economic woes and global games
India's position and influence in the global economy cannot be underestimated.
As a member of emerging market countries, India's growth rate has always been in the spotlight.
However, the United States sanctions have undoubtedly brought a "cold winter" to the India economy.
In the short term, India may face a series of problems such as capital shortages, blocked exports, and rising unemployment.
In the long run, if India fails to effectively respond to the challenges posed by this sanction, it may even affect the foundation of its economic development.
This is undoubtedly a severe test for a rising power.
And in this game, the relationship between China, the United States and India has also become more complicated.
United States wants to weaken its economic power by sanctioning India and thereby consolidate its hegemony;
China, on the other hand, wants to see India withstand pressure and continue to develop, so that it can also win more allies for itself in the global economy;
As for India, it needs to find a balance between China and the United States, neither completely tilting towards United States nor relying entirely on China.
It is difficult to predict the outcome of this game.
But what is certain is that whoever wins will have a profound impact on the global economic landscape.
The new balance and challenges of the global economy
United States' sanctions against India have not only put India's economy in trouble, but also caused new changes in the global economic pattern.
Capital markets and supply chains have been affected to varying degrees.
Some countries are beginning to re-examine their dependence on United States' financial system and consider whether they should look for new partners and economic development paths.
For emerging market countries, this incident is even more of a wake-up call.
They realized that only by strengthening regional economic cooperation and promoting economic diversification could they occupy a more advantageous position in the global economy.
As a result, some countries have begun to strengthen cooperation with other emerging market countries to jointly address external challenges.
China has played an important role in this transformation.
As one of the representatives of emerging market countries, China has been actively promoting de-dollarization and regional economic cooperation.
Through platforms such as the Belt and Road Initiative and BRICS cooperation, China and other countries share development opportunities and address challenges.
This cooperation model will not only help to enhance the overall strength of emerging market countries, but also help promote the balanced development of the global economy.
Of course, this change has not been without its challenges.
Some countries may have disagreements and contradictions due to conflicts of interest;
Some countries may struggle to cope with external challenges due to lack of economic strength.
But in any case, the change has already begun, and it will profoundly affect every country involved.
epilogue
United States' sanctions against India are one of its strategies to maintain global economic hegemony.
This action not only poses a challenge to the India economy, but could also have far-reaching implications for the global economic landscape.
In the new balance of the global economy, countries need to seek a more diversified and cooperative economic development path to meet the challenges and opportunities of the future.
For India, although the sanctions have brought difficulties and challenges, they have also provided opportunities for reflection and reform.
Only by strengthening domestic economic construction and promoting economic diversification can we occupy a more favorable position in the global economy.
For China and other emerging market countries, this event is a reminder and an opportunity.
They need to come together more closely to address the challenges and opportunities from the outside.
By strengthening regional economic cooperation and promoting de-dollarization, emerging market countries can work together to build a more equitable, reasonable and inclusive global economic system.
How will the global economic landscape change in the coming days?
It is up to the choices and actions of each of the participating countries.
But in any case, we should all believe that only cooperation and win-win results are the right direction for future economic development.
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