Recently, the United States announced a new round of sanctions on the Russia-Ukraine conflict, banning more than 250 entities and individuals. These sanctioned entities come from China, Turkey, the United Arab Emirates, and other countries. The U.S. sanctions are being imposed on these entities for allegedly supporting Russia's acts of war. In this regard, ChinaSpeakersMao Ning said that China has always opposed unilateral sanctions and long-arm jurisdiction of the United States, and called on the United States to stop such acts. China will take necessary measures to protect itChinese enterprisesBasic Rights. China is respondingSino-US warwithTechnologyIn the course of the war, a comprehensive arsenal of countermeasures has been established, including relevant foreign regulations and export control orders. Moreover, China has strengthened with a number of countriesFinancewithEconomycooperation, further strengthening its own resilience. InFinanceIn this area, China is promoting local currency settlement and reducing its dependence on the US dollar. InTechnologyIn the field, China is accelerating its independenceTechnologyR&D to promote domestic substitution. In the market sector, China is driving the world through the Belt and Road InitiativeEconomyCooperate. These measures will not only help China cope with US sanctions, but also strengthen China's economic and trade ties with other countries around the world. At the same time, the United States' support for the continued intensification of the Russia-Ukraine conflict has also weakened its national strength, and it lacks funds to aid Ukraine. These actions not only did not save the situation, but hastened the end of the period of unilateral hegemony of the United States.
In response to the U.S. ban on more than 250 entities and individuals, ChinaSpeakersMao Ning said that China has always opposed unilateral sanctions and long-arm jurisdiction by the United States. He stressed that the United States should stop such acts, otherwise China will take necessary measures to protect itChinese enterprisesBasic Rights.
China not only opposes unilateral sanctions by the United States, but also opposes its long-arm jurisdiction. Long-arm jurisdiction refers to the presence of a countryLawson other countriesEconomyand ** activities to interfere. China believes that such acts violate the sovereignty and independence of other countries and undermine themInternationalThe principle of equality and mutual trust in relationships.
InSino-US warwithTechnologyAgainst the backdrop of the war, China has built a arsenal of countermeasures to protect its own interests. This includes relevant exclusion regulations and export control orders. China has also established with a number of countriesFinancewithEconomypartnerships, which further enhance their resilience.
In mid-October 2020, during the Belt and Road Initiative, China and Serbia reached a freedom** agreement. Recently, Serbia has also established its first oneRMBClearing bank, which means that China and Cyprus are inFinanceCooperation in this field has been further strengthened.
In addition, China has also signed agreements with Saudi Arabia, the United Arab Emirates and other countriesCurrencySwap agreements to promote mutual investment and exchanges. These measures have not only improved China's cooperation with other countries, but also reduced its dependence on the US dollar and strengthened its resistance to unilateral US sanctions.
In the fight against US sanctions, China is pushingFinanceAutonomy in the field. On the one hand, China is reducing its dependence on the US dollar and promoting local currency settlements. This means that China and other countries** can settle in their own currency, reducing the need for US dollars.
Currently,China and RussiaThe settlement between the economic and trade local currency has exceeded 90%, which means the US dollar andEurosThe share in both countries** is already small. This makes it very difficult for the United States to passFinanceSanctions instrument impactChina and Russiarelationship.
On the other hand, China is also strengthening with other countriesFinanceConnect, advance the worldFinanceLocal monetization of settlements. For example, China signed with Saudi Arabia, the United Arab Emirates and other countriesCurrencyThe swap agreement strengthened the relationship between the two countriesFinanceCooperate.
In addition, China is also actively promotingRMBInInternationalThe use of the market has expandedRMBShare in global settlements. As a result, the share of the dollar in global settlements has been decreasing, reducing the number of dollars in the United StatesFinanceInfluence.
By pushingFinanceAs a result of China's self-reliance, China is weakening the U.S. sanctions and improving its own resistance. This has further prompted China and other countries around the world to strengthen their strengthFinancePartnering to move the world forwardEconomyof multipolarity and pluralism.
In the face of U.S. sanctions, China is accelerating its independenceTechnologyR&D to promote domestic substitution. The United States is inTechnologyThe advantage of the field is determined by the thirdTechnologyThe outbreak of the revolution brings. However, China is challenging the United States through the research and development and innovation of its own technologyTechnologyHegemonic position.
toHuaweiChinese enterprises are increasing investment in technology research and development to promote breakthroughs and innovations in core technologies. As a result, Chinese companies have gradually transformed from followers to leaders in the field of technology.
The sanctions imposed by the United States have further stimulated the enthusiasm of Chinese companies for independent research and development. Chinese companies have accelerated the process of substituting American technology, promotingTechnologyInnovative development.
China's independenceTechnologyR&D is not only good for dealing with U.S. sanctions, but also for ChinaEconomytransformation and upgrading. Through breakthroughs in independent technology, China is cultivating moreTechnologyTalents, improve the wholeTechnologyLevel.
China has also introduced a series of policy support to encourage enterprises to increase R&D investment and promoteTechnologyThe development of the industry. The implementation of these policies has effectively improved the independent innovation capability of Chinese enterprises.
In recent years, the United States has been passing leviesTariffsand other ways to implement market ban policies for Chinese enterprises. These actions have seriously damaged the original economic and trade ties between China and the United States.
In response to the U.S. market exclusion policy, China has pushed the world by promoting the Belt and Road InitiativeEconomyCooperate. By signing free agreements with a number of countries, China has expanded its cooperation with countries around the worldEconomyScope of cooperation.
The data shows thatChina and RussiaThe scale of economic and trade reached 2,181 from January to November 2020800 million US dollars, a year-on-year increase of 267%。It is expected that by the end of the yearChina and Russia**The scale is expected to reach $230 billion, which is already significantly higher than the original target of $200 billion set by the two countries in 2024.
At the same time, U.S. support for Russia's invasion of Ukraine is weakening its national power, while Ukraine is facing a shortage of funds and is unable to receive U.S. assistance.
The United States has imposed sanctions on the Russia-Ukraine conflict, banning more than 250 entities and individuals. China has expressed its opposition to the unilateral sanctions and long-arm jurisdiction of the United States, and will take necessary measures to protect itChinese enterprisesRights. China has improved its ability to resist U.S. sanctions by building a arsenal of countermeasures tools and strengthening cooperation with other countries. China has promoted local currency settlement and reduced dependence on the US dollar. InTechnologyIn this field, China has accelerated its own scientific and technological research and development and promoted domestic substitution. In the field of markets, China passes through the worldEconomyCooperate in response to U.S. market exclusions. U.S. support for Russia's invasion of Ukraine has weakened its national power, while China's relationship with Russia has grown.