The G7 summit is to point to China and Russia.丨 Beijing Observation

From June 26th to 28th local time, the Seventh Kingdom Group (G7) summit was held in Elmao Palace, Bavaria, Germany. Before the meeting opened, the United States first "spoiled" the outside world -the main issues aimed at Russia and China.

We might as well read them one by one according to the timeline.

G7 announced sanctions on Russia's gold. What is the so -called?

As the Russian conflict traveled in the fourth month, the G7 also took a new step against Russia's sanctions.

On the first day (26th) held by the G7 summit, US President Biden took the lead in posting a post on social media, announcing that the United States and other G7 members will ban the import of gold from Russia. According to the Associated Press, senior US government officials revealed that the sanctions decision will be officially announced on the 28th.

After the news was released, the first G7 member to follow up was Britain. According to the British government website on the 26th, Britain, the United States, Canada, and Japan decided to ban gold from Russia. British Prime Minister Johnson said the sanctions will be applied to the gold mining after the implementation of the ban, but it will not affect the gold that has been purchased.

The outside world believes that the G7's move may make global gold supply tense. Russia is the second largest golden producer in the world, accounting for about 10%of global gold supply, and mainly exported to European countries such as Britain. According to Canadian Golden Corporation, Russia's gold exports exceeded $ 15 billion last year, and nearly 30 % of gold exported to the UK. In March of this year, the London Gold Market Association, which is responsible for the establishment of the gold market price standard, has removed Russian gold refined merchants from its recognition list.

According to the United States and Britain, preventing Russia from participating in the gold market aims to give it a heavy economic cost, and the ability to raise funds for the continuity of it is "huge impact".

However, the G7 is only a unilateral in Ukraine, and does this new sanctions against Russia?

This is not exactly the case.

It is not difficult to see from the first point of view that the United States is the main promoter of the new round of sanctions against Russia.

It is worth noting that there is a subtle linkage between gold and the US dollar. Due to the rise in the current international situation uncertainty, once the US dollar credit occurs, gold is the most effective tool to shake its stable status and become a safe "shelter".

As early as the outbreak of Russia and Ukraine's conflict, Russia had multiple rounds of layout "to go to the US dollar". The US dollar assets are removed from the national sovereign funds, and gradually evolved to reducing US dollar reserves in the central bank's foreign exchange reserves and avoiding US dollar liquidation in international trade.

A series of measures in Russia are unbearable for the United States, which are currently facing severe inflation. Some analysts point out that once Russia's "de -US dollar" is successful, it will set an example for the marginal countries in other US dollar systems. Turkey, Iran and other countries are likely to follow Russia and join Russia's "economic circle". If the United States continues to use economic and financial hegemony to sanction more countries, these countries will gradually join the Russian camp in the past to form a breakthrough point for the US dollar currency system.

Therefore, whether it was initially imposed oil sanctions on Russia or today's golden sanctions, the United States and Britain Capital Group did not want them to leave their own price system. By controlling the circulation of Russian gold, it may also boost the role and status of the US dollar in reverse.

But we noticed that there is still a temperature difference in Europe and the United States in the latest sanctions against Russia.

The President of the European Council Michelle said on the 26th that the European Union is preparing to consider the possibility of prohibiting the import of gold from Russia, but such measures should not hit the EU. Analysis pointed out that the United States cannot completely cut off Russia's connection with the European Union, nor can it be completelyolate Russia. Although Russia's survival space is constantly squeezed in tactics, it is strategically adhered to its position. Only financial sanctions can not completely defeat Russia's economy.

What is the thought behind G7's new "Global Infrastructure Program"?

At the first day of the G7 summit, G7 did not forget to discuss the plan to deal with China's influence.

On the 26th local time, G7 leaders, chairman of the European council, Michelle, and the Chairman of the European Commission Feng Delin, jointly announced the establishment of "Global Infrastructure and Investment Partnership (PGII)". The initiative is planned to raise $ 600 billion in the next five years to fund the infrastructure construction of developing countries in order to compete for the "Belt and Road" initiative proposed by China.

US President Biden said that the United States will combine the federal financing and private sector investment in the next five years to raise $ 200 billion in investment for the initiative; Feng Delin announces that the EU will raise 300 billion euros for the initiative during the same period; Japan The leaders of Canada and France also announced their investment plans of billions of euros.

Although the plan is listed one by one, its sincerity is still questioned.

At the G7 summit last June, the United States also launched an infrastructure initiative called "Reconstruction of the Beautiful World (B3W)". At that time, it was also the "Belt and Road" initiative that claimed to fight against China. The Congress Mountain News admits that the initiative is actually renamed B3W.

Shenzhen Satellite TV direct news has inspected the White House official website information that PGII content can be roughly divided into three directions, that is, new energy construction, communication construction and health construction. In addition, through comparison, we also noticed that in addition to retaining the contents of the central part of B3W, PGII's investment amount of $ 600 billion is extremely reduced compared to B3W's 40 trillion US dollars.

In order to increase the confidence of the outside world, the White House has further released the infrastructure plan that has been carried out since last year. However, this does not convince the outside world. The Western decision -making efficiency in infrastructure must first get a question mark. The domestic infrastructure projects are still difficult to land because of the two parties, and the resistance of overseas projects can be imagined. The complexity of the EU decision -making procedures is even more obvious to all.

In addition, the infrastructure investment return cycle is long and uncertain. Whether to persuade Western private capital to invest in developing countries, its enthusiasm also needs to make a question mark.

Before PGII was announced, the US "Foreign Affairs" magazine had published a statement that the United States had a huge gap with China in terms of infrastructure capabilities. Obviously, it is obviously not the White House that brings large -scale sustainable infrastructure to developing countries, but a world bank with only three blocks in the White House. The Biden government should not pursue a bilateral infrastructure agreement with developing countries, but should focus on providing more assistance funds through these multilateral institutions.

What needs to be vigilant is that the infrastructure initiative proposed by the G7 countries is clearly bound to the so -called "democratic values", which means the output of values.

Foreign Ministry spokesman Zhao Lijian told the initiative at a press conference today (27th) that China has always welcomed all initiatives to promote global infrastructure. We believe that various types of related initiatives do not have problems with each other. We oppose the words and deeds of the initiative to promote geopolitical calculations and smear the "Belt and Road" initiative with the banner of infrastructure construction.

"The international community hopes to see the real gold and silver and the real benefit of the people." Zhao Lijian said.

It is worth mentioning that the security cost of this G7 summit is as high as 160 million euros. During the summit, nearly a thousand protesters held demonstrations outside the venue, requiring the G7 to "do not engage in small groups", effectively perform responsibility, and actively solve problems such as climate change and hunger.

Author 丨 Prince He, Shenzhen Satellite TV Reporter in Beijing

Editor 丨 Yu Zheyi, editor -in -chief of Shenzhen Satellite TV Direct News

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