May 26, 2023, 20:52
(Xinhua) -- The U.S.-led Group of Seven (G7) ended its three-day gathering on Sunday in Hiroshima, Japan. In the bloc's communique rushed out on Saturday, the G7 leaders said they are not "decoupling" from China but "de-risking" instead.
The elaborately crafted term, previously used by America's European allies in their China policy and then parroted by U.S. officials, might sound milder. But as many skeptics have revealed, the underlining hostility against China remains.
The glorified decoupling rhetoric comes as Washington has been facing multiple economic woes at home, ranging from a highly possible U.S. default on debt to the financial turmoil exacerbated by problematic interest hikes and sudden collapses of several banks.
Decoupling with the world's most promising and dynamic market is unwise and unbearable for U.S. companies. Ditto for American consumers. With affordable Chinese products, they can avoid a more severe cost of living crisis.
Figures also tell that decoupling with China goes against the trend. U.S.-China trade in goods hit a new record of 690.6 billion U.S. dollars in 2022, according to data published by the U.S. Bureau of Economic Analysis in February.
Under such circumstances, Washington has attempted to beautify its decoupling rhetoric, making it more acceptable to the U.S. public, especially U.S. companies. Such a change in language by the U.S. administration has also reflected its paradoxical mindset. While it needs China's cooperation in some fields, Washington wants to continue its containment against it.
Moreover, the newly fashionable term represents Washington's renewed effort to appease its allies. If decoupling goes too far, it will not only drag down the U.S. economy but also drive away its allies, an opinion piece published by Politico warned.
Over the past years, even Washington's closest friends have questioned America's hostile policies toward China. French President Emmanuel Macron said the European Union and China should work together to avoid "decoupling and breaking the chain."
A recent research report by an Austrian think tank estimated that if decoupled from China, Germany will see its GDP drop by 2 percent per year, equivalent to a loss of 60 billion euros (some 65 billion U.S. dollars).
By transforming its harsh narrative into a softened tone, the United States aims to handle the discord with its allies.
But don't be fooled.
A change in words does not mean a difference in action. In essence, de-risking is hardly different from decoupling.
Washington has been stepping up its siege of China in high technology and other areas. Recent moves include advancing the China competition bill 2.0 to the heated discussion on the so-called resilient supply chains of semiconductors at the G7 summit and from advocating "friend shoring" to restricting U.S. investment in China.
In the view of Washington and some of its allies, the risks they face are induced by China, and only by containing China can they eliminate them. Such a ridiculous mentality creates real risks for the world.
Recently, Washington and some Western capitals have undermined international rules, incited ideological antagonism, engaged in bloc confrontation, abused the monopoly position of their currencies to impose a long-arm jurisdiction and unilateral sanctions against other countries, and exported their own inflation and financial crises to other parts of the world.
Washington's allies might think they benefit from following America to contain China. But the United States is so self-serving that its allies have become "half accomplices, half victims."
A recent prime example is the U.S. Inflation Reduction Act. Granting green incentives and tax breaks for companies that produce in the United States, the act has badly hurt Europe, with more European companies tempted to relocate to the United States.
Compared to the United States, China has brought the world opportunities, cooperation and stability. According to the General Administration of Customs, China's total goods trade reached a record 42.07 trillion yuan (6.2 trillion dollars) in 2022, up 7.7 percent year on year, topping the world for six consecutive years.
China is a major trading partner of more than 140 countries and regions. The International Monetary Fund forecast that China's contribution to global economic growth will stand over one-third this year.
Clearly, so-called de-risking is just another pretext fabricated by Washington to contain China. By playing word games, the United States is putting the development of humanity at risk. Washington must be aware that walking further down this road is dangerous.
European leaders, meanwhile, call for de-risking but not decoupling
My opinion is that Brussel isn't up to inform their Sheep's about the real meaning of de coupling and de risking.
I'm trying to pass the real meaning to the Sheep's vocabulary.
DECOUPLING means to cut the anchor chain to save folks on the doomed Passenger Liner...
DERISKING means to get Staff personnel of the doomed cruiser and dump the rest (EU, 5 Eyes, India and the Japs...
The poodle is in an even worse state!!!!
After WW2, which they started to impose jew-confetti on the planet at Bretton Woods in 1944, the poodle was not able to foist it's "nitroglycerine" POO on the planet as happened at Genoa in 1922 after they pulled the same trick in WW1.
So Poodleville had to import labour. Hence the "Windrush generation", named after the poodle boat, HMT Empire Windrush, which brought Africans to work.
But now the decline of the poodle-state has progressed even further and as well as Brexit to stop trading with the EU, the World's largest bloc, they can no longer afford to import labour: "Britain Loses Its Luster for Job Seekers From Poland to Portugal".
This is shocking!!!
Whilst the Great Satan hasn't had a trade surplus since 1975, the poodle hasn't had one since 1982 and that followed five centuries of the poodle empire of plundering during which Rudyard Kipling's "white man's burden" enslaved Africans for 350 years. So how can the Anglo/Jew gangsters possibly surviive? As max. Kiester said, post-Brexit they will have a "subsistance" standard of living. After the "mail-boat was a day late" these primitve, uncivilised Anglos LITERALLY started eating one another!!!
Indeed, Uncle Sam is copying Al Capone playbook.
But the ONE responsible for the death's and endless suffering on our Planet is the G7 and Nations accomodating NATO for feeding the 💀..
However, it's so refreshing to see S/America, Africa, the Middle East and Asia showing them where the door is...
Whether they call derisking or decoupling, it will not matter to China anymore. Decoupling would not be a choice for these countries soon. With China pursuing independence in some key techonology, China will be the one that has the choice to decouple or not from hostile nations.
The Great Satan and poodle can no longer parasite off the rest of the World now that de-dollarisation is well under way. Whilst the Great Satan hasn't had a trade surplus since 1975, the poodle hasn't had one since 1982.
Now they will have to pay for imports with something other than "worthless paper" USD.
This is why president Putin said the poodle had no choice but to Brexit. Now that Brexit is costing the poodle state heavily, even Nigel Farage has admitted it's a failure. But the zionist Daily Telegraphic Nonsense, with it's usual juvenile, jingoistic propaganda is claiming that the recession in Germany is proof that Brexit was the right idea, when Germany's recession is because she no longer has access to russian energy and has to pay four times the price for Lucifer Natural Gas.
So that means the EU, Occupied Korea and Occupied Japan will now remain in the same trade bloc as the Great Satan and poodle; useless genocial parasites; Rudyard Kipling's "white man's burden".
This is why the Great Satan has thieved Russia's energy market and is trying to thieved China's high-tech market. But as Morris Chang has pointed out the CHIPS act will no re-industrialise the gangster-run, thieved prison-state of Amerika. This is because the amerikan dumbass is a total waste of space:
At the December 6 announcement, Biden said, “American manufacturing is back,” but it is only back at a much higher cost (the plant’s construction cost is 10 times what it would have cost in Taiwan).
Wayne Chiu, an engineer who left TSMC in 2022, told The New York Times: “The most difficult thing about wafer manufacturing is not technology. The most difficult thing is personnel management. Americans are the worst at this because Americans are the most difficult to manage.”
- US war on Taiwanese semiconductors could benefit Japan
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