It has maxed out tariffs and other trade barriers, and selling Treasuries is ineffective. ....
So China has few economic weapons left with which to threaten the U.S. over Hong Kong. It will likewise be powerless to retaliate over other geopolitical and humanitarian disputes, such as U.S. condemnation of the mass internment of Muslims in China’s Xinjiang province or territorial spats in the South China Sea. For that matter, China’s continued ability to escalate the trade war seems limited.
But China does have other weapons at its disposal: the kind that explode. In pushing China over everything from trade to human rights to Hong Kong’s autonomy, the U.S. should remember its own history. It was relentless U.S. economic and diplomatic pressure over Japan’s invasion of China that pushed that country into launching a surprise attack on Pearl Harbor in 1941. With its economic arsenal depleted, China could at some point decide that a harder form of retaliation is in order. Escalating U.S.-China tensions thus make the world a more dangerous place.
It has maxed out tariffs and other trade barriers, and selling Treasuries is ineffective.
....
So China has few economic weapons left with which to threaten the U.S. over Hong Kong. It will likewise be powerless to retaliate over other geopolitical and humanitarian disputes, such as U.S. condemnation of the mass internment of Muslims in China’s Xinjiang province or territorial spats in the South China Sea. For that matter, China’s continued ability to escalate the trade war seems limited.
But China does have other weapons at its disposal: the kind that explode. In pushing China over everything from trade to human rights to Hong Kong’s autonomy, the U.S. should remember its own history. It was relentless U.S. economic and diplomatic pressure over Japan’s invasion of China that pushed that country into launching a surprise attack on Pearl Harbor in 1941. With its economic arsenal depleted, China could at some point decide that a harder form of retaliation is in order. Escalating U.S.-China tensions thus make the world a more dangerous place.
帝国主义其实永远都太乐观，永远都没有把党可以让中国人民吃草考虑进去。。。