What you may not know is that the GDP gap between China and the United States is widening, and this trend is likely to continue. What's going on?Could it be that the legendary "70% curse" has happened again?What the hell is the United States doing?This article will uncover the truth for you, let you see the true face of the United States, and also give advice on how we should respond.
What is the "70% Curse"?
The "70% curse" is a long-standing saying that refers to the fact that when a country's GDP reaches 70% of that of the United States, it will be suppressed and obstructed by the United States, resulting in stagnation or even regression in economic growth, thus widening the gap between China and the United States. The basis for this statement is mainly two historical cases.
The first case is Japan. In the 80s of the last century, Japan's economy developed rapidly, and industries such as automobiles, home appliances, and semiconductors occupied the global market, and its GDP once reached 72% of the United States, becoming the biggest competitor of the United States. However, the United States is not willing to accept that its hegemony is threatened, so it has taken a series of measures, including signing the "Plaza Accord" to increase the value of the yen, imposing sanctions on Japan's semiconductor industry, and supporting the development of South Korea and other countries. As a result, Japan's economy has been in a slump for more than 20 years, known as the "lost two decades," and has not yet recovered.
The second case is the USSR. In the early 90s of last century, on the eve of the collapse of the Soviet Union, its GDP also reached about 70% of that of the United States, and it launched a cold war with the United States to compete for world hegemony. However, the United States did not spare the Soviet Union, using the "Star Wars program" and other means to exacerbate the economic difficulties of the Soviet Union, which eventually led to the collapse of the Soviet Union, and the United States became the only superpower.
Today, China's rapid economic development has surpassed 70% of the United States' GDP, and even reached 77% at one point, which makes the United States feel an unprecedented sense of crisis, so it has begun to suppress and contain China, trying to repeat the "70% curse" script. What are the means of the United States?And how do we deal with it?Next, we will analyze them for you one by one.
U.S. means of repression
The main methods of suppression by the United States against China are as follows:
Technological blockade. The United States has taken advantage of its advantages in the field of science and technology to blockade and sanction China's high-tech enterprises in an attempt to block China's technological innovation and development. **War. The United States uses its influence in the field of high tariffs and restrictions on China's exports in an attempt to hit China's economic growth and employment.
Financial sanctions. The United States has used its hegemony in the financial sector to impose sanctions and restrictions on China's financial institutions and individuals in an attempt to weaken China's financial stability and international influence. For example, the United States has imposed financial sanctions on some Chinese banks, enterprises and enterprises, prohibiting American financial institutions and individuals from conducting any transactions with them, and even threatening to remove China from the dollar clearing system and cut off China's financial lifeline.
Political interference. The United States has used its right to speak in the political field to interfere in and criticize China's internal affairs and diplomacy in an attempt to undermine China's social stability and international image. For example, the United States has unreasonably criticized and intervened in China's issues related to Hong Kong, Xinjiang, and Taiwan, supported and connived at some anti-China forces, and even provoked and instigated some countries and regions to confront China, creating a series of international disputes and crises.
Our coping strategy
In the face of US suppression and containment, we must not passively deal with it, nor can we compromise and retreat, but must adopt a positive response strategy, not only to maintain our own development momentum, but also to break the blockade and containment of the United States, to achieve independent innovation and open cooperation, and ultimately to win the initiative and advantage. Specifically, our coping strategies are as follows:
Adhere to independent innovation. For example, we must speed up the independent research and development and production of chips, no longer rely on foreign countries, and at the same time maintain a leading edge in frontier fields such as 5G, artificial intelligence, and quantum computing, so as to provide strong technical support for economic development.
Expand into diversified markets. ** It is the blood of the economy and the wealth and strength of the country. We should expand diversified markets, strengthen cooperation with other countries and regions, reduce dependence on the US market, enhance our own competitiveness, continuously expand the scale of exports, and increase foreign exchange earnings. Build a larger free ** zone with ASEAN, Japan, South Korea and other countries to open up more market space for our products and services.
Enhance financial soundness. Finance is the nerve of the economy and the security of the country. We need to accelerate the internationalization of the RMB, expand the scope and influence of the RMB, and promote the development and application of the digital RMB, so as to provide new impetus for financial innovation and financial inclusion.
Adhere to peaceful development. Peace is the foundation of the economy and the foundation of the nation. Establish broader partnerships with other countries and regions to jointly address global challenges and issues, and contribute to world peace and development.
Conclusion
In short, the GDP gap between China and the United States is widening, which is an indisputable fact and an inevitable trend. The United States has tried to repeat the "70% curse" script through various means to suppress and contain China's development, but this is futile and dangerousTarget.
We must not be intimidated by US suppression, nor can we be bound by US containment, but we must adhere to our own development path, adopt a positive response strategy, break the US blockade and encirclement, achieve independent innovation and open cooperation, and ultimately win the initiative and advantage. This is our confidence and our responsibility. Let us work together to contribute our wisdom and strength to the great rejuvenation of the Chinese nation and the building of a community with a shared future for mankind.