US pushes China towards world dominance Series Part 1
Prelude: from the title, readers might think this is a political piece or I am a supporter of China. I can assure you that this is nothing political and I am not expressing any personal opinion on either China or US.
A word of caution: this is a 5-part series. Read each part at your own leisure. The reader can choose not to read this article if he/she is not favourable that each article of the series might not has its own conclusion.
Like any movies, there is always leading characters and themes. Readers will find those in the series too. Main characters are US Donald Trump, US Joe Biden and Saudi Arabia Mohammed bin Salman Al Saud (MBS).
Curiously, China Xi Jinping is not even in the picture for such important topics of US - China.
Act 1 - US
Deglobalisation
Scene 1: Donald Trump
Since Donald Trump, US has started pursuing active deglobalisation or protectionism policy. Remember his famous election theme, "Make America Great Again" in 2016?
It was actually a great political move from Donald Trump as that very action serves the very purpose of shoring up his support base in the conservative camp. Deglobalisation is costly. While free trades promote worldwide collaborations and ensure the lowest cost base to products and processes, open competitions also mean that higher cost base loses out. Trump is not stupid. He knows that with petrodollars, US can print as much money they need to pump into its economy to build new factories and generate jobs for his support base.
Trump runs deglobalisation and protectionism theme like how he would run his business. He uses every air time opportunity to announce his intention and runs his agenda.
China is an easy target for Trump since the internal security will agree that with a stronger China, Chinese based technology firms will likely pose a security threat to US's interest, sooner or later. So to Trump, China will always be there to serve as a distraction for the US people, if he needs to use it.
US began to block Hwawei and ZTE technologies. Trump tried to stop Tik Tok from operating in US and in September 2020, he restricted technology exports to China biggest chip manufacturer, SMIC.
This concludes the end of part 1. It is meant to set the scene for what's to come next. I hope I have managed to keep the suspension and maintain the interest in the readers . Thank you for reading.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Share again. I wrote this 2 years ago... How time flies... There's 5 parts to this series. I shared because of a new article I have just wrote. Search for the rest. They all have similar titles, just Part 1, 2, 3, 4 or 5... Have a read... Let me know if you like it... @TigerStars