During the Lehman Brothers collapse in 2008 and USA facing financial meltdown, China helped to stabilize the situation but was in return given the wrong end of the stick with the USA's repeated attempts to make China collapse, with sanctions, fabricated genocides in Xinjiang, regime changing attempts in Hong Kong, attacking Hong Kong's financial system after 1997, resorting to trade wars, tariff wars and technology strangulation.
There was also all the mantra about de-coupling that the USA thought was the straw that was going to break China's back, but it backfired and now no more talk about decoupling. Now, it is China wanting to decouple and we are seeing that happening, with Chinese exports diverted elsewhere and China putting every priority to be free of USA control in technology, the last bastion of USA's attempt to cripple China. Do not underestimate China's resolve when it decides to take things into its own hands. There is no such thing as truce, ceasefire, walking back and forth and dilly-dallying. China's policy is one straight-forward road when it formulates its mindset.
The Europeans, despite sacrificing its well-oiled economic standing, was forced to hollow out its manufacturing due to the cutting off of cheap Russian energy, a position in the shoes of China after the financial crisis of 2008. Now the Europeans are stuck with energy bills about four times more expensive than the cheap Russian energy before the Ukraine War. And to make sure the Europeans never get back to Russia for cheap energy, the USA destroyed the Nord Stream pipelines. The Europeans thought that helping the USA to kick out cheap Russian energy to be replaced by USA energy was going to be a godsend and a smart move. Now they are stuck. It was so stupid having to borrow a USA rope to hang themselves. Now, what is Trump doing, erecting tariffs against EU products, adding insult to injury, instead of being thankful and appreciative.
Anonymous
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