Saudi Arabia to showcase cultural depth at 2025 Beijing Book Fair    207 catheterization and surgical procedures performed for Hajj pilgrims in Madinah    Voluntary Carbon Market and Enowa sign deal to deliver over 30 million tons of carbon credits    Smart applications transform visitor experience and accelerate digital transformation in Saudi tourism    Riyadh residents to receive alerts on nearby infrastructure work    Aramco Chief: Global energy security is threatened amid escalating tensions "Importance of oil and gas cannot be underestimated in times of conflict"    Iran has fired 370 ballistic missiles at Israel since hostilities began, Israel says    Saudi Arabia beat Haiti 1-0 to open 2025 Gold Cup campaign    Trump orders increase in migrant deportations    Investigators find cockpit voice recorder from crashed Air India flight    Man suspected of shooting Minnesota lawmakers arrested after huge manhunt    Crown Prince reaffirms Saudi condemnation of Israeli attacks in call with Iran's president    Hajj minister reassures safe departure of Iranian pilgrims in call with head of Iran's Hajj Organization    Saudi Arabia miss World Cup spot after Australia defeat, head to Asian playoff    Al Hilal president: No new signings for Club World Cup due to inflated demands    New York Gallery showcases AlUla Heritage sketches by French architect Heim    Saudi Arabia face uphill task against Australia in World Cup qualifier    Cowboy Beyoncé dazzles nearly sold-out stadium    How to pre-register for VALORANT Mobile    Disney lays off hundreds more as it cuts costs    Ministry launches online booking for slaughterhouses on eve of Eid Al-Adha    Shah Rukh Khan makes Met Gala debut in Sabyasachi    Pakistani star's Bollywood return excites fans and riles far right    Veteran Bollywood actor Manoj Kumar dies at 87    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.