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What we see today is that many developing countries borrow money from China and face an indebtedness problem, says Ho-fung Hung at the Global Prosperity Forum. “It is not so much different from the loan performance problem in the domestic economy of China,” he explains.

12,575 次观看 • 3 个月前 •via X (Twitter)

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Blinken finally said the quiet part out loud: The United States cannot defeat China alone. So his solution is not to outbuild, outproduce, or outcompete China. It is to assemble Europe, Japan, South Korea, India, Canada, and Australia into a larger anti-China bloc—then disguise containment as “alliance coordination.” That is the entire strategy: America alone is no longer strong enough, so Washington wants to weaponize everyone else’s anxieties. But here is the darkest joke. While Blinken dreams of mobilizing the world against China, global opinion is moving in the opposite direction. Pew polling now shows China viewed more positively than the United States across many countries. Even in Europe—America’s traditional alliance base—China’s favorability has risen above America’s. So Washington has a structural problem: It wants to lead an anti-China coalition at the exact moment more of the world trusts China than the country demanding that coalition. Blinken calls this “working with friends.” China calls it what it is: An empire that can no longer win alone asking its clients to supply the missing weight. America’s alliances were supposed to prove its leadership. Now they increasingly reveal its dependence. China is competing with the United States. The United States is recruiting the world to compensate for the fact that it cannot compete with China by itself. Yet the funniest meltdown did not come from American rednecks. It came from overseas Chinese opportunists who built their entire identity around hating China. Blinken merely admitted that America cannot defeat China alone, and they immediately accused him of being “brainwashed” and spreading “Chinese propaganda.” Their problem is not China. Their problem is that China’s rise has destroyed the psychological mechanism they depend on for survival: the belief that America must always stand above China—because without that hierarchy, their entire borrowed identity collapses.

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40,084 次观看 • 3 天前