The United States curbs China may induce global depression

The US "Eurasian Review" website on August 31, the original topic: "Control" China may trigger the global depression that the Global Bayeng government is giving the future economic stability of China, the West, Emerging Asia, and the Southern Global Southern. Bring risk.

Before the global epidemic, the International Monetary Fund reported that China had replaced the United States as the engine of the global economy. As an economist Annie Cruag said, Trump's trade war was "a failure measure that hurts both China and hurts the United States." Therefore, many people originally hoped that Biden's victory would promote the restart of the relationship between the two countries, but the facts were just the opposite. The Biden government has intensified, weapons the Trump's policy, and disperse risks to its allies -from the European Union to Japan, from Ukraine to Taiwan. In the 21st century, it has not received fundamental support in the United States' dominant position. This approach may push the world economy into the decline of stagflation, and even lead to serious global depression.

Before the 1990s, the poor economy mainly relied on the West. After several centuries of destructive colonialism, the gap between the rich and poor countries after the war has continued to increase. By the early 190s, China's impact on the economic growth of low -income countries had increased significantly, and the impact of the Economic Organization economy on low -income economies decreased significantly, and its impact on middle -income countries stagnated. With the increase of China's overseas investment and the launch of the "Belt and Road" initiative in 2013, it has accelerated, and has promoted the modernization process of many emerging and developing economies.

Before Trump launched a trade war, China had replaced the United States as the engine of the world economy. The most important thing is that China also drives the advancement of many small and medium economies in the world. Now, this great project is being threatened. The Biden government turned the friction with China into another cold war, making the world economy endangered the abyss. Due to the global interdependence, any practice of destroying China's stability may destroy the living standards of Western countries for decades, and at the same time turn the most vulnerable economy into a failure country.

The role of global growth engines is reflected in trade and investment, as well as countries that cooperate with major economies. 2/3 of China's exports to North America, Western Europe, East Asia, and Southeast Asia, as well as Russia and Australia. The actual impact of China's exports is much greater. Even if the absolute imports of small and medium -sized economies are small, their relative import volume is often large. In 2021, China's total exports were nearly $ 34 trillion. In the same year, China's total imports soared to nearly $ 27 trillion. For decades, Chinese exported goods and cheaper prices have contributed to low cost and low inflation. Now any major threat to destroying China's trade will pose a threat of $ 6.1 trillion in China, the United States and its allies and the global southern south.

Last year, the global mergers and acquisitions surged to $ 5.9 trillion. China's foreign direct investment is consistent with the rise after the epidemic, with a total amount of $ 138 billion. China received US $ 173 billion, an increase of 20.2%year -on -year. Due to the relatively high base in 2020, the strong growth of double digits is noticeable. When major Western economies try to destroy the stability of China's economy or curb the rise of China's economy for geopolitics, they may endanger investment of more than $ 31 billion each year. To make matters worse, this threatened historical opportunities that threaten poor economies after several centuries of colonial plunder in the West to improve living standards.

With the US and European agency war against Russia in Ukraine, all major participants will face decline in a few months. Ironically, there are almost no reasons for these unreasonable agency conflicts and the new Cold War. If it goes on, the global depression caused by geopolitics will inevitably be unavoidable. (Author Dan Stanbur, Translated by Qiao Heng) ▲

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