USA tried many ways to bring down China but failed

The USA and the West had also formulated the same agenda towards China, trying to keep it poor. But China had long tasted Western bad medicine and for four decades was content to keep a low profile, act in humbleness, in order to build up its economy and accumulate its financial reserves.

Western hot money had been pouring into China over the last three decades, taking advantage of the easy money to be made in the Chinese market with its cheap wages and its property sector frenzy.

But Western hot money always comes with very real and dangerous consequences and with evil intentions and agendas attached. Once they start pulling out hot money to cripple economies after making a killing, thereby making the country vulnerable, they will step in later to buy up assets in distress paying pennies on the dollar, reaping yet another benefit from a crisis they created. In the aftermath of a financial crisis, the IMF will always step in as the guardian angel or the lender of last resort, setting debt traps and prescribing bitter medicine that did more harm than good. Many countries like South Korea, Thailand and Indonesia were at the receiving end of the IMF merciless crippling agenda and suffered much hardship during and after the Asian Financial Crisis, all generated by hot money pulling out to satisfy an evil agenda. This was like using opium to drug a country into compliance, which China had already experienced.

It was supposed to be implemented against China during the property crisis, but Chinese leaders had been preparing the country for decades and saw the tsunami approaching during the property crisis and took decisive steps to minimize the consequences. The Chinese Government did not have to resort to bailing out the property sector, unlike the USA, causing foreign investors to lose big, but instead pivoted all the help into the technology sector, including EVs. China had deep enough pockets to sustain such hot money pulling out, having more than US$3 trillion on its hands.

Instead of trying to collapse China with ulterior motives, the USA and the West had unwittingly awakened the dragon, that was to dominate the EV sector, shipbuilding sector, renewable energy generation sector and is now knocking at the doors of the semiconductor titans of USA, Japan and South Korea. The leaps and bounds progression of the Chinese chip sector are causing sleepless nights for chipmakers of USA, Japan and South Korea. There is now no clear winner of the AI war, a situation that the USA had thought it would win hands down.


Anonymous