China Warns US: Don’t Start a Cold War
The Chinese government is starting to push back against the Trump Administration’s efforts to spur change in the Communist nation.
“It’s time for the US to give up its wishful thinking of changing China and stopping 1.4 billion people in their historic march toward modernization,” said Chinese Foreign Minister Wang Yi.
Wang also warned the US not to “challenge China’s red line on Taiwan” after Secretary of State Mike Pompeo congratulated Taiwanese President Tsai Ing-wen on her second inauguration.
“Some US political forces are taking hostage of China-US relations, attempting to push the ties to the brink of so-called ‘new Cold War,'” warned Wang. “This is dangerous and will endanger global peace.”
The striking comment follows much finger pointing regarding COVID-19, with both nations claiming the other failed to respond properly to the pandemic. President Trump has blamed the scope of the pandemic squarely on the Communist Party and has threatened to pull all funding from the World Health Organization based on its relationship with Beijing.
At least one Chinese official claims the United States military planted COVID-19 in Wuhan.
The COVID-19 pandemic has worsened a relationship already strained by trade disputes and tariffs on Chinese telecom companies. Last week, China announced a controversial proposal designed to stamp out the protests in Hong Kong.
The Trump Administration is prepared to respond with economic sanctions if the law passes and may revoke the special trade status that allows Hong Kong to function as an international financial hub.
“We are trying hard to come out of an economic disaster,” said Mr. Pompeo. “But a knockdown fight with China has been thrust upon us…The takeover of Hong Kong is the writing on the wall.”
Author’s Note:
China is sending a clear signal here that it has had enough with Trump’s negotiations. This could be a bluff, but if China is willing to go back to Cold War status, then it is willing to give up a great deal of wealth in order to maintain its totalitarian ways.
This could benefit America in some ways if the war doesn’t happen overnight. A gradual weaning away from China could be our best bet.
I have been watching youtube on the Chinese Economy and it appears to be in a bigger mess than the United States. They have issued “Grey Loans” that were given not on Economic Reasons, but more Personal Reasons. There are cities being built and they are next to Empty. Gigantic Malls that are empty and falling into decay. The banking system has invested in business’s that are not receiving orders from overseas are in financial danger. Many economists who specialize in China are saying that China’s Real Estate Bubble it 10 times the size of the 2008 Real Estate Collapse.
China should realize that being in the Global Economy goes both ways and issuing threats and warnings is not a smart move.
So let’s move away from trading with China. They think they can control what happens by withholding drug sales to the US, or selling faulty 2nd grade equipment to European countries. They have been doing this for years while placing very high tarrifs on us goods and cars. So it was pretty much a one sided trading situation. They don’t want they’re citizens to see what life is like outside China or that foreign goods are much better made. They control the population through fear.
Stop buying any and all Chinese goods and we’ll see how long that corrupt regime will last. When they can’t steal our tech they will crumble like a Chinese fortune cookie! One from column “a”.