The financial war between the United States and China has long attracted global attention. Although the United States was defeated in the last financial war between China and the United States, its challenge to China's economy remains. The United States has been trying to maintain its world hegemony, but with the rise of China's economy, the United States is feeling an unprecedented crisis. In order to maintain its global influence, the United States has adopted a series of tactics in an attempt to weaken China's power and influence.
First, the United States lobbied China to further open up its exchange rate in order to better manipulate and intervene in the renminbi exchange rate and create conditions for its financial warfare strategy. Second, the United States advocates that China open various ** markets, so that speculators can make profits by shorting China's **, bonds, etc., while creating market volatility and panic. Finally, the U.S. is trying to create social unrest and political risks in China to undermine the confidence of Chinese people and businesses, leading to capital flight, which in turn exacerbates the depreciation of the renminbi and inflation.
These financial strategies are not groundless, but are based on historical and realistic backgrounds. Looking back at the financial warfare waged by the United States against China and other countries over the past few decades, the results and implications are food for thought. The outbreak of the subprime mortgage crisis in 2008, created by US financial institutions and regulators, brought huge losses to the global economy. However, the United States has failed to take responsibility and has instead tried to shift the crisis onto other countries, especially China. The United States has used its influence to manipulate and intervene in China's currency and financial markets in an attempt to cause the depreciation of the renminbi and capital outflows.
U.S. financial warfare, sometimes accompanied by violence and terrorism, is designed to weaken China's national unity and social stability, thereby affecting China's economic development. However, these moves did not achieve what the United States intended, but instead provoked Chinese resistance and counterattack. China's economy achieved 8The growth rate of 7% has become the main driving force for the global economic recovery.
However, the financial crisis in the United States has not been resolved, but has spread globally, triggering a debt crisis in Europe. The U.S. uses its rating agencies and ** to suppress European countries, causing turmoil and panic in the eurozone's financial markets, which in turn triggers capital flight. Despite the challenges China faces, its relatively stable economy and financial markets have attracted significant international capital inflows, fueling China's economic growth.
Instead of consolidating its financial hegemony, the U.S. financial war has been questioned and challenged more. Instead of addressing the underlying issues, its financial crisis and strategy have promoted global financial reform and multipolarity. Many countries have begun to seek a fairer and more rational international financial order and to develop more independent and prudent domestic financial policies.
China's renminbi has become part of the International Monetary Fund's (IMF) Special Drawing Rights (SDR) and has become the world's fifth-largest payment currency and sixth-largest reserve currency. China's RMB cross-border payment and settlement business is also growing rapidly, with more than 3,000 banking institutions in more than 70 countries and regions carrying out RMB cross-border payment and settlement business as of June 2022. China has also established bilateral currency swap arrangements for RMB with a number of countries and regions, with a total scale of 36 trillion yuan. China has also actively promoted the construction of financial infrastructure for the internationalization of the renminbi, including the renminbi cross-border payment system (CIPS), renminbi clearing banks, and renminbi offshore centers, which have provided convenience and protection for the international use of the renminbi.
However, due to the more open financial market, it will inevitably allow the United States to take advantage of the opportunity to hide landmines. The most important and favorite financial tool of the United States is to manipulate the exchange rate and the market, these two aspects, compared with 05 years, China has gradually opened up, which is the result of the United States has been lobbying, and it is also the inevitable trend of China's development. The United States can justifiably launch a financial war by means of manipulating exchange rates and markets, as long as China is plunged into various crises and caused China's domestic capital to flee in panic. Interest rate **, the real economy is short of blood, and it falls into recession. Now that the financial war is underway, let's see how the country responds.
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