The Finance Committee of the US House of Representatives passed 10 bills against China in one go, three of which involve the Taiwan issue, showing the ambition of the United States to "use Taiwan to contain China." These bills are not only interference in China's internal affairs, but also misleading Taiwan, and will only increase tensions and damage the peace of Sino-US relations.
Taiwan** reported that the "Taiwan Conflict Deterrence Act" proposed by Hill, vice chairman of the Financial Commission, was passed by a vote of 40:0, requiring the US Treasury Department to publish a list of institutions that provide financial services to China's top leaders, and authorizing the Treasury Department to prohibit these institutions from providing financial services to China** and their families.
Hill claimed this was to let China know that any action against Taiwan would not only meet with opposition from the Chinese people and "undermine its leadership over China," but would also put China's top brass and their families in financial trouble.
This is a naked threat that exposes the hegemonism of the United States and the unjustification of unilateral sanctions. The United States has no right to interfere in China's internal affairs, and the Taiwan issue is China's core interest and brooks no foreign interference.
The Financial Committee also passed the "Non-Discrimination Against Taiwan Act" and the "Protection of Taiwan Act" proposed by Rep. Kim Ying-ok, which were passed by a vote of 38-0 and 37-0, respectively, with the intention of allowing Taiwan to join the International Monetary Fund (IMF) and other international organizations, as well as excluding China from international organizations such as the G20 and the Bank for International Settlements when China takes action against Taiwan.
Kim Yingyu said that Taiwan's economic development achievements are very dazzling, and it can provide "extraordinary contributions" to the IMF and share experiences.
This is a misleading attempt by the United States to treat Taiwan as a "country" and support Taiwan's "independence" activities to undermine Taiwan's peace and stability. Taiwan is not a country, is not qualified to join any international organization, and is unlikely to benefit from the support of the United States.
The U.S. Taiwan-related law is not only a suppressive sanction against China, but also a violation of the international order. The United States wants to exclude China from international organizations and weaken China's international influence, but this is in vain. China is already one of the largest economies in the world, and has established BRICS and SCO organizations with many countries around the world, and the renminbi is increasingly recognized and used by the international community. What the United States has done will only isolate itself from the world and shoot itself in the foot.
The Financial Commission has also passed other China-related bills, including the "China Monetary Accountability Act", the "China Exchange Rate Transparency Act", and the "Mitigating China's Financial Threat Act", all of which are "anti-China". The bills also require the U.S. Treasury Department to take action to counter the renminbi's increased weight in the basket of currencies worth the SDR.
This is a fear of the yuan, because the United States knows that as China develops, the importance of the yuan also increases, which poses a "threat" to the hegemony of the dollar. The hegemony of the dollar and the hegemony of the United States are interdependent, and the United States, in order to maintain its hegemonic status, does not hesitate to impose sanctions on the yuan, but this is to no avail.
These China-related bills will have to be voted on by the entire US House of Representatives and the Senate before they can finally take effect. However, the United States should be aware that if these bills are passed, they will cause serious damage to Sino-US relations, especially in sensitive areas such as the Taiwan issue. The United States should clearly recognize the seriousness of the problem and not let these evil laws become a reality, otherwise the United States will reap the consequences.