China to confront America

There are years of friction between the United States and China, but the recent statement by US Foreign Minister Mike Pompeo, for territorial strife in the South Sea of China, raises the heated debate at a new level. Four years after the decision by the Arbitrazhi Court in The Hague, which declared China's claims on the South Sea for unlegging, Beijing's demands both illegal and the American government.

“Bota will not allow Beijing to handle the South Sea as its sea zone”, Pompeo said.

Observers agree that the US for the first time sided with it and no longer acts as a moderator to China's claims. This statement from the United States is not an empty threat. American warships regularly patrol the controversial waters, even with the support of the arbitrage decision. China and the United States have been armed, not only in a material sense, but also in terms of the will to crash. The war declaration is in the ranks.

Beijing shows no weakness in this context and reacts with sanctions against American politicians, among them senators critical of China, Ted Cruz and Marco Rubio, both republics. Sanctions also affect the concert of weapons, Lockheed Martin, which recently announced that he will sell weapons in Taiwan. China sees Taiwan as its province. But all of these, despite the dramatic performance they contain, are essentially symbolic politics.

The most severe move China has taken so far is determined economic co-operation even in the area of security with Iran. Beijing and Tehran, according to recent reports on the media, have signed a broad long-term partnership. In the next 25 years, the communist regime will invest a dozen billion in Iran. In return, China gets Iranian oil. Iran is one of the largest oil exporters in the world. With income from China, Iran emerges from international isolation in which it is located due to its conflicting atomic programme.

In the context of the US threat to Iran, Beijing chooses with Tehran's partnership the road to confrontation with Washington, risking even a frontal clash. The message from Beijing is clear as crystal and scary. Beijing has thought deeply about the US response to the long-term deal with Iran and does not fear punitive measures.

That is also true of the economy. Following the introduction of the controversial security law for Hong Kong (The Hong Kong National Security Law) on July 1st, President Trump signed sanctions that could practically exclude all Chinese banks from liquids with the US dollar, as they provide financial services to individuals or sanctioned firms. As the world's largest consumer market, the US stands in a stronger position in world trade.

But Beijing doesn't worry. In the Chinese Central Bank bunkers, there are three billion U.S. dollars as a spare destination. The Chinese government, according to data from the US Finance Ministry, in July 2020 is the U.S.'s largest lender with $1.2 billion. If the U.S. expelled China and Hong Kong from the financial system with the dollar, it would be a huge damage to the U.S. itself and would have given rise to the internationalisation of Chinese currency, reminbi, known as you are.

Fu Ying, China's former foreign deputy minister, was positioned in a symposium on the difficult relationship between the two countries. China will play its <x0-proactive” letters, she said. The program means that China is not only challenging the United States as the world superpower, it is also breaking the monopoly of American power to shape a new world order in its image.

Performing liquidities in international trade with reminbin would be the first step. The other: a long-term partnership with Iran, a chess figure in a representative war, where there is ambition to develop atomic weapons. It threatens a new conflict, so far without violence. What is known, though, is that no party fears confrontation. They both look for the duel and await the right moment. / DW/