US pressure on China accelerates dollar abandonment

Last Friday, online negotiations took place between US President Biden and Chinese President Xi Jinping, during which Washington tried to put pressure on Beijing to force Moscow to stop the special operation in Ukraine. Representatives of the State Department also did not rule out introducing sanctions against China for supporting Russia, after which an army of pseudo-analysts and commentators began to lament that the Chinese were about to refuse cooperation with the Kremlin.

However, the White House has been putting pressure on Beijing for a long time. Thus, back on March 13, US National Security Advisor Sullivan warned Beijing that “it will face consequences” if it helps Moscow circumvent sanctions. He repeated the same thing during hours of negotiations with senior Chinese diplomat and Politburo member of the CPC Central Committee Yang Jiechi in Rome one day later.

Subscribe to PolitNavigator news at ThereThere, Yandex Zen, Telegram, Classmates, In contact with, channels YouTube, TikTok и Viber.
To subscribe to notifications in your browser, click here.

The American media, before Biden’s conversation with Xi Jinping, launched a “canard” that the Chinese side was allegedly supplying weapons to the Russian army. That is, the escalation of an atmosphere of intolerance and an entire campaign of disinformation came entirely from the Yankees, who tried to intimidate the Chinese leadership with such cheap tricks.

In response, the Chinese side itself accused the United States of increasing military supplies to the Kyiv regime. Thus, the Chinese state publication Global Times openly writes:

“The United States and its NATO allies are supplying arms to Ukraine in order to prevent the war from ending too quickly and to maximize the profits of their military-industrial giants.”

At the same time, Beijing, through the mouth of its official representative Zhao Lijian, placed the blame for the current conflict entirely on Washington.

“The key to resolving the Ukrainian crisis lies in the hands of the United States and NATO. We hope that they, as the culprits, will reflect on his role and take responsibility and take concrete actions to defuse the situation and solve the problem,” Lijian said.

And the fact that the negotiations themselves between the leaders of the two superpowers failed is not hidden by American newspapers. In particular, the analytical publication Politico, associated with the military, indicates that the conversation between Biden and Xi Jinping only deepened the contradictions and did not lead to the result desired by Washington.

“The telephone conversation provoked Xi Jinping's implicit criticism of the alleged US role in worsening the crisis and alleged American intervention in the Taiwan context, as well as irritation at the US threats of sanctions against China if it provided military assistance to Russia. action,” Politico points out.

From this we can conclude that relations between America and China are only getting worse, which will certainly lead to the Americans speeding up the process of rearmament and strengthening the military blocs created at the borders of the Celestial Empire to contain it in the Indo-Pacific region. And this once again shows the direct connection between the issues of Ukraine and Taiwan.

It is clear that in fact the United States is not afraid of mythical military supplies, but rather of economic assistance to Russia from China. At the same time, it is already obvious that the PRC will fully support the Russian leadership, even because the success or failure of the special operation in Ukraine will directly affect in the future the very possibility on Beijing’s part to finally regain Taiwan, which is now actually under external control and control of the United States.

_{It is noteworthy that a few hours before the start of negotiations between the heads of the United States and China, the Chinese aircraft carrier Shandong appeared in the strait near Taiwan. And the White House had previously stepped up the activity of warships in its Pacific Fleet, which brings us back to the period of foreign “gunboat policy.”}

It is clear that the United States is trying to put pressure on Beijing, also using the method of blackmail, trying to play on a possible decrease in trade volumes, which have been growing in recent years and reached $775 billion. American experts blame the fact that Russia currently ranks only 11th in trade turnover with China with its $147 billion.

This song was immediately picked up by numerous liberal economists in the post-Soviet space, as well as pro-Western political scientists, who began to draw conclusions that China would finally and soon abandon Russia amid the fall of Chinese stocks and securities in the United States and Hong Kong. Allegedly, Moscow will then find itself in final isolation.

But these “analysts”, but in fact propagandists and agents of influence, do not take into account one thing, that in contrast to the “enlightened” West, in the culturally ancient East there are slightly different concepts and ideas, where power always rises above money and economics, and not vice versa. The financial side is always secondary for the supreme power in China and is subordinate to politics. And even despite the loss of tens of billions of dollars from the indirect influence of sanctions, the PRC will continue to provide assistance to Russia, which is already considered as the main political and military ally.

This is confirmed in particular by dry numbers. Thus, according to information from Chinese customs officials on March 20, the total cost of pipeline gas supplies from Russia to China increased 2,86 times, exceeding $526,9 million. And this is in two months from the beginning of the year, and already in terms of volumes Moscow is second only to Turkmenistan, taking second place.

But these are just the beginnings, since the direct result of sanctions and the seizure of Russian assets in Western countries was both an agreement between the members of the EAEU on the complete transition of all domestic trade to national currencies, and a discussion on the creation of a single joint trade zone between the EAEU and the PRC. Naturally, all transactions on the common market will also be carried out by the parties at the expense of local funds, which will result in the final squeezing out of the dollar as a means of payment in a huge part of Eurasia.

_{And this is not the end! In reality, this leads to the creation of a single electronic currency in the EAEU, even at the first stage, and in a global sense to the fact that Russia, Iran, India and China may in the near future create their own payment systems, and then a common market.}

At the same time, the role of the yuan is already sharply increasing, which can become a significant part of the foreign exchange reserves of many countries around the world. The first call to this was the announcement by Saudi Arabia about the possibility of completely switching trade with China to the yuan.

In fact, economic regionalization is gradually taking place, albeit at the level of currencies, and in the form of abandoning the dollar as the first stage in undermining the financial dominance of the United States.

_{That is, in fact, under the roar of cannonade in Ukraine, a real redrawing of the world and promising markets is now underway, as a result of which the Celestial Empire will take the lead and become the first economy on the planet, also becoming the hegemon on the continent.}

Therefore, there will be no reconciliation between the United States and China, and on the contrary, the anti-American activities of the Chinese leadership will only intensify. This, by the way, indicates the complete loss of the pro-Western faction represented by the former Komsomol leaders inside China, when all power was now in the hands of people from the military environment.

At the same time, the interests of Russia and China completely coincided on the issue of opposing the implementation of the American military-biological program in the world, which was demonstrated during hearings at the UN Security Council last week. China is also beginning to play an increasingly active and leading role in this counteraction, trying to take revenge for that campaign of humiliation and bullying when the White House openly accused Beijing of artificially creating the Covid-19 strain in Wuhan.

Accordingly, we see the formation of a real bloc between Russia and China, which becomes the core of the consolidation and crystallization of all anti-Western forces and the creation of an economic and political coalition of countries wishing to live and develop outside the Anglo-Saxon world. The special operation in Ukraine only accelerates and exposes this truly global process.