Prince Faisal calls Iran's acting FM to offer condolences over death of Raisi and Abdollahian    'Two Kingdoms' initiative celebrates shared Saudi-UK artistic legacy    Saudi Finance Minister leads delegation to Beijing for key economic talks    Minister Al-Khateeb: Saudi Arabia will become a global aviation hub    Al-Jasser: Reform in aviation rules to facilitate achieving 300 million passengers and 250 destinations    Montenegro temporarily exempts Saudi citizens from entry visa requirement    King Salman, Crown Prince condole death of Iran's President Raisi    Taiwan's new president sworn into historic third term for ruling party    US reaches agreement with Niger to withdraw military forces by September 15    Elon Musk launches SpaceX's satellite internet service in Indonesia    China hits back at US and EU as trade rows deepen    Saudi Arabia bans import of vehicles from 20 automakers that failed to submit supply plan    Cloud Seeding Program plans to cover Makkah and Holy Sites using ground-based generators    Oleksandr Usyk claims undisputed heavyweight title in 'Ring of Fire' match in Riyadh    Saudi Arabia: The emerging cultural powerhouse shaping global soft power dynamics    Jorge Jesus praises Al Hilal's resilience after dramatic last-minute draw in Riyadh Derby    Star golfer Scottie Scheffler arrested over alleged assault on police officer    Saudi Arabia joins International Agency for Research on Cancer    Row erupts over portraits of Australia's richest woman    Al-Ittihad's victory drought continues, misses chance to qualify for ACL elite    JK Rowling in 'arrest me' challenge over hate crime law    Trump's Bible endorsement raises concern in Christian religious circles    Hollywood icon Will Smith shares his profound admiration for Holy Qur'an    We have celebrated Founding Day for three years - but it has been with us for 300    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



The fight of elephants! Hard Talk
Published in The Saudi Gazette on 17 - 06 - 2019

China trade war is getting hotter and exciting. Rounds of action are consecutive and fast. Sometimes they are open and clear, at other times one needs to study, analyze and read perfectly to understand what exactly is behind these events.
The US administration has inflicted successive and painful strikes on China by raising the tariff on Chinese products and then putting one of the most important and successful Chinese companies, Huawei, on the blacklist.
The US has warned all American companies against any dealing with the telecom giant for major technical projects and urged its allies to follow the same approach. Following the order, US giant Google has stopped supporting Huawei and its mobile phones, which account for 16 percent of mobile phone as the latter aims to be the bestseller in mobile phones by 2020. Google has unwound services like Gmail, the world's most popular e-mail program, and the popular YouTube application, which has led to Huawei's suspension of a production line in its factory in anticipation of a massive loss of sales due to the concerns and anxieties of its target customers.
These are "explicit" examples of trade warfare. But there are other examples that are no less important and need to be followed and studied in order to understand the bigger picture.
China continues to believe that its economic growth is the largest and most effective way to control and dominate the world without firing a bullet, military occupation or shedding a drop of blood, as it is the most effective way to change the status quo on the ground. It, therefore, needs to provide and secure energy sources to feed sustainable and reliable economic growth rates.
To this end, China has maintained deep relations with various oil countries. The most important of these investments was with Venezuela and Iran, the two countries that have seen billions of dollars from China flowing into them to build oil sector infrastructure. The two regimes are anti-American, and America has directed its effective and influential weapon, the severe economic sanctions. This has led to deterioration in oil exports and hit the economy of these countries, and the value of Chinese returns has been much lower than it should have been, in addition to an export ban.
China is also trying to gradually "spread" its currency around the world, focusing geographically on both the African continent and Latin America, and Latin America is a direct threat, which was recognized by the administration of US President Donald Trump when it was discovered that the Chinese Yuan has become the second largest currency traded in Mexico after the local peso surpassing the dollar.
This was one of the main reasons why Trump imposed an alternative agreement to the NAFTA and imposed a new reality on the ground in the disputed areas of various islands with Japan, the Philippines and Vietnam, all of which are allies of America.
America understands that the Chinese threat is very serious, especially as it sees technical superiority of China in the fields of communications and its fifth generation technology, as well as in the field of fast trains, which has led to the US administration accusing the Chinese students and tourists as a group of people who are spying on the future of the American industry.
China-US trade war rounds will eventually become more ferocious. Today, America is entering the European line with all the strength to prepare every country to "graduate" from the European line with a differential agreement with America.
This war is not between two states, but between two great powers, and they will have implications for world markets and stability. I am reminded here the immortal African proverb that says: "When elephants fight, it is the grass that suffers."


Clic here to read the story from its source.