Isn't the United States getting too carried away?
Almost the entire year of 2023 has been in the midst of various crises related to U.S. debt, including the ceiling crisis, the shutdown crisis, etc.
Finally, by the end of the year, the plight of US bonds eased slightly, and China also increased its holdings of US bonds by a total of 46.7 billion yuan in November and December last year.
As a result, as soon as it happened, the United States began to impose sanctions on Chinese companies, and this time it also pulled in the European Union and the United Kingdom.
Now on the second anniversary of the Russia-Ukraine conflict, Western countries have launched a new round of sanctions, and at the same time, the United States, the European Union and the United Kingdom have also imposed sanctions on a number of Chinese companies for Russia-related factors.
Obviously, the sanctions imposed by Western countries on Chinese companies are a manifestation of the lack of skill.
First of all, Western countries have been imposing sanctions on Russia for 2 years (actually longer, which can be counted from 2014), but Russia's economy and ** have not been affected much.
On the contrary, Russia has taken a series of measures, such as strengthening cooperation with other countries and promoting local currency settlements, which have effectively alleviated the pressure caused by sanctions.
Russia's economy did not ** in 2023, but grew by 35%。In 2024, Russia, as the rotating chair of the BRICS, will gather the new ten BRICS countries together to discuss the topic of internal de-dollarization.
This shows that the sanctions imposed by Western countries will not achieve the desired effect, but will stimulate the countermeasures and innovation capabilities of the sanctioned countries.
Second, in the past, Western countries have imposed various restrictions on Chinese companies, but a group of companies represented by Huawei have thrived under heavy pressure.
This shows that Chinese enterprises have strong resilience and innovation capabilities, and can continuously improve their competitiveness in the face of external pressures.
The sanctions imposed by Western countries on Chinese enterprises not only violate the principles of market economy and freedom, but also damage the stability of the global industrial chain and chain.
Chinese companies have a wide range of businesses and partners around the world, and if Western countries continue to impose sanctions on Chinese companies, it will have a negative impact on the global economy and China.
The United States now sees China as the biggest threat. In recent years, the United States has continuously taken measures to contain and crack down on China in all aspects, from science and technology, finance to manufacturing, and there is no sign of easing.
In this case, the United States might as well take the issue of the dollar and US debt seriously, otherwise its own crisis will only get worse.
In particular, in fiscal year 2023, interest expenses in the United States reached $879.3 billion, a surge of $161.7 billion compared to the previous fiscal year. This results in total interest payments as a percentage of GDP reaching 326%, the highest level in the past 23 years.
As the U.S. debt continues to accumulate, so does its interest costs, and this approach to development is effectively overdrawing future resources, making it unsustainable.
Once the U.S. economy stalls, a debt crisis could erupt at any time, with a huge impact on the global economy.
This is why the United States is now besieging us at all costs, fearing that their economic supremacy will be challenged, that the collapse of the dollar system will lead to the collapse of their economic system.
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