Jin Canrong: China has 8 trillion overseas assets! The United States must be wary of flipping the table


2022-05-04: [Chinese Article Link (Professor Jin Canrong, a well-known international strategy expert) After the outbreak of the Russian-Ukrainian conflict, the United States led Western countries to freeze Russia's美元300 billion in foreign exchange reserves. Recently, the United States and Ukraine have even begun to conspire to embezzle this huge amount of money under the guise of rebuilding Ukraine. Two months ago, the United States froze Afghanistan's 7 billion foreign exchange reserves. Even if it was Afghanistan's life-saving money to buy rations, the United States could still swallow it. This series of operations in Washington has sounded a wake-up call for us. China has more assets in the United States, and our country still holds huge amounts of U.S. debt. If something happens, what should the United States do if it fails to pay its debts? In this regard, Professor Jin Canrong once said: "I am not an expert in the financial field, but judging from the Russia-Ukraine conflict, the financial sanctions of the United States and the West still have a certain effect. At present, they do have a relatively large advantage in this regard. The most worthy of our vigilance is the safety of overseas assets. China has more than 3 trillion U.S. dollars in foreign exchange reserves, and the government's overseas assets alone exceed 8 trillion U.S. dollars. What if the United States drinks too much one day and lifts the table? This has become a hidden danger. In terms of protecting the safety of overseas assets, China must make more preparations. " Indeed, the Russian-Ukrainian war, just like the Covid-19 epidemic that broke out in 2020, woke up many people at once. For a long time ago, because the United States was the world's overlord and the U.S. dollar was the currency in circulation in the world, although the United States had relatively high liabilities, overall, the yield on U.S. Treasury bonds was relatively stable worldwide, so my country holds a large amount of U.S. debt. (In addition to foreign exchange reserves, gold reserves may also be detained) At the same time, due to the "spillover effect" of China's economic development, from the government to enterprises, China has begun to "go global" and invest overseas. By 2021, China will surpass the United States to become the world's largest country in FDI (global foreign direct investment). According to information released by the Ministry of Commerce in September last year, as of the end of 2020, the total overseas "family background" of Chinese companies has exceeded US77.9 trillion (so Professor Jin said that 8 trillion should be about the same now, after all, it has been more than a year), with direct investment in more than 45,000 overseas companies and more than 2.188 million overseas employees. This is undoubtedly a huge wealth and an important part of China's national strength. (The yacht of the Russian rich seized by the British government) But the Russian-Ukrainian war reminds us that foreign investment, especially holding U.S. bonds, is extremely risky! During the Russian-Ukrainian war, we saw that the United States immediately kicked Russia out of the SWIFT organization. Although two Russian banks were still retained, there is no doubt that the difficulty of Russian foreign trade has increased exponentially; at the same time, the U.S. government has also seized and frozen various Russian assets on a large scale in the name of sanctions. The first is to prohibit the ruble from continuing to trade in SWIFT, and then froze Russia's 2.4 billion U.S. dollars of "U.S. treasury bonds", and finally even began to directly confiscate the private property of wealthy Russians in the United States! We all know that "private property is sacrosanct", which is the basic value of capitalism, but now the U.S. government doesn't even want this basic shame, and has begun to directly rob Russians of their private wealth. This operation is really scary enough, so many rich Chinese who have "run" their wealth to the United States have recently begun to think about how to "run" their wealth back to China. After all, it was originally put there for safety, but now it is found that the United States is the most unsafe, and of course they have to run back. (The United States deprives Russians of their wealth, regardless of "political opinions", just because you are Russian) However, private wealth is still a trivial matter. The key is the outbound investment of our government and enterprises. How to protect it? According to statistics, China currently holds about 1.1 trillion U.S. Treasury bonds, accounting for about 17% of all U.S. Treasury bonds. This scale is not small. If, as Professor Jin Canrong said, the United States drinks too much one day and really lifts the table, then it means that at least 1.1 trillion U.S. dollars worth of U.S. debt in China's hands will become waste paper. Although the impact on China will not be fatal, it is at least at the level of nerve-wracking. (Yun-20 has not been delivered in 2011. The motherland dispatched 4 IL-76s to participate in the evacuation of overseas Chinese, and dispatched 2 frigates to escort the evacuation fleet) In fact, there are many examples of damage to China's overseas property due to the war. For example, in the Libyan war in 2011, although the Chinese side organized the evacuation of overseas Chinese in the shortest possible time and successfully evacuated 36,000 overseas Chinese safely from Libya, at that time, China, including 13 central companies, 75 companies in Libya Dozens of construction projects were cancelled, involving contracts worth up to 18.8 billion US dollars, and economic losses were more than 3 billion US dollars! In addition, it has long been the case that the United States directly intervened to destroy China's foreign investment and construction projects. Also in 2011, due to the direct intervention of the United States, the Myanmar government suddenly stopped the already started Misong Hydropower Station project halfway. This move caused great economic losses to the Chinese side. Although the Misong Hydropower Station resumed work in the later stage, the cost loss was irreparable. (There have been a lot of Chinese companies "going global" in recent years. The picture shows the world's largest single thermal generator invested and built by China in Indonesia) In the past, we believed that the United States, as a capitalist country, would give priority to economic interests. After all, capitalists are unprofitable. But judging from the operation of the United States in the Russian-Ukrainian war, it was really a breakthrough! Compared with Russia, we in China have an important "hurdle" that has not been crossed, and that is the Taiwan issue. This is a wound in China. For many years, the United States has been pulling this wound and playing the so-called "Taiwan card." Therefore, we have every reason to believe that once the situation is unsolvable and we are forced to liberate Taiwan by force, the United States will launch all-round sanctions against us in many economic, financial and other aspects. "Decoupling between China and the United States" is not a joke. Although it will hurt each other, it does not mean that it will not become a reality. Moreover, compared with Russia, we have a huge amount of overseas assets. In this case, we will instead become a "hostage" for the United States to blackmail us, thus putting us in a dilemma. (If there is no effective protection, then the trillions of dollars of assets invested by China overseas can easily turn into ruins and green smoke) "Sun Tzu's Art of War" said, "If the husband has not fought, the temple is considered the winner, and the temple is counted as the victor, and the temple is counted as the victor, and the temple is counted as the less. More is considered a victory, less is considered a victory, and the situation is nothing? "The great leader also said: "Don't fight unprepared battles." "This Russian-Ukrainian war has just sounded a wake-up call for us in all directions, allowing us to see what kind of blockades and sanctions we will encounter if we liberate Taiwan in the future, so the next step is naturally to make corresponding preparations. For example, there has been news recently that Chinese oil companies are gradually "delisting" from the United States. This is obviously a kind of preparation for planning ahead. In the next step, perhaps China will appropriately sell off some U.S. Treasury bonds, while diversifying its foreign exchange reserves, reducing the amount of U.S. dollar foreign exchange reserves, and reducing the damage caused by the U.S. financial war with China. (The combat effectiveness of the People's Liberation Army can already guarantee invincibility within 1,000 kilometers around China, but this is not enough to protect "Chinese interests" all over the world) Of course, the last and most important one is to continue to accelerate the modernization of the People's Liberation Army! The U.S. dollar relies on the U.S. military as a bayonet to maintain its hegemonic status. If the U.S. wants to threaten China's overseas interests, it depends on the U.S. military. Therefore, for us, we cannot just "go out" with the renminbi. The People's Liberation Army must also follow the "go out" and use China's sword to escort China's plow!


Note: This is a machine translated version of the Chinese news media article. A mature and nuanced reading is suggested.



Trending News

What China Reads


Jin Canrong: China has 8 trillion overseas assets! The United States must be wary of flipping the table


2022-05-04: [Article Link (Professor Jin Canrong, a well-known international strategy expert) After the outbreak of the Russian-Ukrainian conflict, the United States led Western countries to freeze Russia's美元300 billion in foreign exchange reserves. Recently, the United States and Ukraine have even begun to conspire to embezzle this huge amount of money under the guise of rebuilding Ukraine. Two months ago, the United States froze Afghanistan's 7 billion foreign exchange reserves. Even if it was Afghanistan's life-saving money to buy rations, the United States could still swallow it. This series of operations in Washington has sounded a wake-up call for us. China has more assets in the United States, and our country still holds huge amounts of U.S. debt. If something happens, what should the United States do if it fails to pay its debts? In this regard, Professor Jin Canrong once said: "I am not an expert in the financial field, but judging from the Russia-Ukraine conflict, the financial sanctions of the United States and the West still have a certain effect. At present, they do have a relatively large advantage in this regard. The most worthy of our vigilance is the safety of overseas assets. China has more than 3 trillion U.S. dollars in foreign exchange reserves, and the government's overseas assets alone exceed 8 trillion U.S. dollars. What if the United States drinks too much one day and lifts the table? This has become a hidden danger. In terms of protecting the safety of overseas assets, China must make more preparations. " Indeed, the Russian-Ukrainian war, just like the Covid-19 epidemic that broke out in 2020, woke up many people at once. For a long time ago, because the United States was the world's overlord and the U.S. dollar was the currency in circulation in the world, although the United States had relatively high liabilities, overall, the yield on U.S. Treasury bonds was relatively stable worldwide, so my country holds a large amount of U.S. debt. (In addition to foreign exchange reserves, gold reserves may also be detained) At the same time, due to the "spillover effect" of China's economic development, from the government to enterprises, China has begun to "go global" and invest overseas. By 2021, China will surpass the United States to become the world's largest country in FDI (global foreign direct investment). According to information released by the Ministry of Commerce in September last year, as of the end of 2020, the total overseas "family background" of Chinese companies has exceeded US77.9 trillion (so Professor Jin said that 8 trillion should be about the same now, after all, it has been more than a year), with direct investment in more than 45,000 overseas companies and more than 2.188 million overseas employees. This is undoubtedly a huge wealth and an important part of China's national strength. (The yacht of the Russian rich seized by the British government) But the Russian-Ukrainian war reminds us that foreign investment, especially holding U.S. bonds, is extremely risky! During the Russian-Ukrainian war, we saw that the United States immediately kicked Russia out of the SWIFT organization. Although two Russian banks were still retained, there is no doubt that the difficulty of Russian foreign trade has increased exponentially; at the same time, the U.S. government has also seized and frozen various Russian assets on a large scale in the name of sanctions. The first is to prohibit the ruble from continuing to trade in SWIFT, and then froze Russia's 2.4 billion U.S. dollars of "U.S. treasury bonds", and finally even began to directly confiscate the private property of wealthy Russians in the United States! We all know that "private property is sacrosanct", which is the basic value of capitalism, but now the U.S. government doesn't even want this basic shame, and has begun to directly rob Russians of their private wealth. This operation is really scary enough, so many rich Chinese who have "run" their wealth to the United States have recently begun to think about how to "run" their wealth back to China. After all, it was originally put there for safety, but now it is found that the United States is the most unsafe, and of course they have to run back. (The United States deprives Russians of their wealth, regardless of "political opinions", just because you are Russian) However, private wealth is still a trivial matter. The key is the outbound investment of our government and enterprises. How to protect it? According to statistics, China currently holds about 1.1 trillion U.S. Treasury bonds, accounting for about 17% of all U.S. Treasury bonds. This scale is not small. If, as Professor Jin Canrong said, the United States drinks too much one day and really lifts the table, then it means that at least 1.1 trillion U.S. dollars worth of U.S. debt in China's hands will become waste paper. Although the impact on China will not be fatal, it is at least at the level of nerve-wracking. (Yun-20 has not been delivered in 2011. The motherland dispatched 4 IL-76s to participate in the evacuation of overseas Chinese, and dispatched 2 frigates to escort the evacuation fleet) In fact, there are many examples of damage to China's overseas property due to the war. For example, in the Libyan war in 2011, although the Chinese side organized the evacuation of overseas Chinese in the shortest possible time and successfully evacuated 36,000 overseas Chinese safely from Libya, at that time, China, including 13 central companies, 75 companies in Libya Dozens of construction projects were cancelled, involving contracts worth up to 18.8 billion US dollars, and economic losses were more than 3 billion US dollars! In addition, it has long been the case that the United States directly intervened to destroy China's foreign investment and construction projects. Also in 2011, due to the direct intervention of the United States, the Myanmar government suddenly stopped the already started Misong Hydropower Station project halfway. This move caused great economic losses to the Chinese side. Although the Misong Hydropower Station resumed work in the later stage, the cost loss was irreparable. (There have been a lot of Chinese companies "going global" in recent years. The picture shows the world's largest single thermal generator invested and built by China in Indonesia) In the past, we believed that the United States, as a capitalist country, would give priority to economic interests. After all, capitalists are unprofitable. But judging from the operation of the United States in the Russian-Ukrainian war, it was really a breakthrough! Compared with Russia, we in China have an important "hurdle" that has not been crossed, and that is the Taiwan issue. This is a wound in China. For many years, the United States has been pulling this wound and playing the so-called "Taiwan card." Therefore, we have every reason to believe that once the situation is unsolvable and we are forced to liberate Taiwan by force, the United States will launch all-round sanctions against us in many economic, financial and other aspects. "Decoupling between China and the United States" is not a joke. Although it will hurt each other, it does not mean that it will not become a reality. Moreover, compared with Russia, we have a huge amount of overseas assets. In this case, we will instead become a "hostage" for the United States to blackmail us, thus putting us in a dilemma. (If there is no effective protection, then the trillions of dollars of assets invested by China overseas can easily turn into ruins and green smoke) "Sun Tzu's Art of War" said, "If the husband has not fought, the temple is considered the winner, and the temple is counted as the victor, and the temple is counted as the victor, and the temple is counted as the less. More is considered a victory, less is considered a victory, and the situation is nothing? "The great leader also said: "Don't fight unprepared battles." "This Russian-Ukrainian war has just sounded a wake-up call for us in all directions, allowing us to see what kind of blockades and sanctions we will encounter if we liberate Taiwan in the future, so the next step is naturally to make corresponding preparations. For example, there has been news recently that Chinese oil companies are gradually "delisting" from the United States. This is obviously a kind of preparation for planning ahead. In the next step, perhaps China will appropriately sell off some U.S. Treasury bonds, while diversifying its foreign exchange reserves, reducing the amount of U.S. dollar foreign exchange reserves, and reducing the damage caused by the U.S. financial war with China. (The combat effectiveness of the People's Liberation Army can already guarantee invincibility within 1,000 kilometers around China, but this is not enough to protect "Chinese interests" all over the world) Of course, the last and most important one is to continue to accelerate the modernization of the People's Liberation Army! The U.S. dollar relies on the U.S. military as a bayonet to maintain its hegemonic status. If the U.S. wants to threaten China's overseas interests, it depends on the U.S. military. Therefore, for us, we cannot just "go out" with the renminbi. The People's Liberation Army must also follow the "go out" and use China's sword to escort China's plow!

Note: This is a translated version of the Chinese news media article. A mature and nuanced reading is suggested.

Recent related articles

On August 7, the live video of the Eastern Theater Command's training in the Taiwan Strait: Winning the sea and air, testing the joint ground strike and long-range air strike capabilities

2022-08-07: Original title: Victory of air and sea, test of combined ground and long-range air strike capabilities Open online news, see more videos, win the air and sea, test combined ground and long-range air strike capabilities. On August 7th, a live video of soldiers in Taihai in the eastern war…

CCP media publishes photos of "Taiwan-locking military exercise" and is accused of falsifying P-pictures

2022-08-07: The Communist Party of China (CCP) media published a picture of the "Standard Army" and was accused of falsifying the P. Update 2022-08-07 6:18 AM human gas 5 The “locker” military performance by the Communist Party of China (CCP), which took place in only three hours, ended the scene on 7…

China never fights unprepared battles!

2022-08-07: In recent days, I am afraid that the hottest hot spot for the media has been the pelosi’s visit to Taiwan. Especially in the face of repeated statements by the Foreign Ministry and the Eastern War Zone, Pelosi is still obsessive that, for his personal political capital, he will take Central…

PLA drones enter the sky over Kinmen for 5 consecutive days

2022-08-08: In addition to the “long range fire strike” in the eastern waters of the Taiwan Strait and the “pre-guided assault” on the southern southern waters of the island, the air force warplane pilots overtook the coast of the island: Airplanes fly close to the coast of the island, far from the central…

Xu Jianfeng: How to deal with the United States to prevent cross-strait reunification

2022-08-08: Question of Taiwan In recent times, the question of Taiwan seems to be of particular concern and concern. In August 2021, United States President Biden, in an interview with the American Broadcasting Corporation (ABC), claimed that if NATO was invaded by anyone, the United States would…

Foreigners were banned from taking pictures of military exercises

2022-08-07: On 7 August, the eastern battle zone of the People's Liberation Army of China (PLA) was scheduled to continue its joint operational training programme in the maritime and air areas around Taiwan Island, focusing on the testing of combined ground and long-range air strike capabilities. The…

During the Golden Gate Artillery War, why the PLA Air Force could defeat the National Army Air Force equipped with American aircraft

2022-08-07: Original title: Why the Army of the Liberation Army (PLA) Air Force was able to defeat the National Air Force, which was equipped with American aircraft during the Golden Gate Artillery War On 23 August 1958, the Liberation Army (PLA), which had gathered over 400 large-calibre artillery pieces,…
Recent related articles

On August 7, the live video of the Eastern Theater Command's training in the Taiwan Strait: Winning the sea and air, testing the joint ground strike and long-range air strike capabilities

2022-08-07: Original title: Victory of air and sea, test of combined ground and long-range air strike capabilities Open online news, see more videos, win the air and sea, test combined ground and long-range air strike capabilities. On August 7th, a live video of soldiers in Taihai in the eastern war…

CCP media publishes photos of "Taiwan-locking military exercise" and is accused of falsifying P-pictures

2022-08-07: The Communist Party of China (CCP) media published a picture of the "Standard Army" and was accused of falsifying the P. Update 2022-08-07 6:18 AM human gas 5 The “locker” military performance by the Communist Party of China (CCP), which took place in only three hours, ended the scene on 7…

China never fights unprepared battles!

2022-08-07: In recent days, I am afraid that the hottest hot spot for the media has been the pelosi’s visit to Taiwan. Especially in the face of repeated statements by the Foreign Ministry and the Eastern War Zone, Pelosi is still obsessive that, for his personal political capital, he will take Central…

PLA drones enter the sky over Kinmen for 5 consecutive days

2022-08-08: In addition to the “long range fire strike” in the eastern waters of the Taiwan Strait and the “pre-guided assault” on the southern southern waters of the island, the air force warplane pilots overtook the coast of the island: Airplanes fly close to the coast of the island, far from the central…

Xu Jianfeng: How to deal with the United States to prevent cross-strait reunification

2022-08-08: Question of Taiwan In recent times, the question of Taiwan seems to be of particular concern and concern. In August 2021, United States President Biden, in an interview with the American Broadcasting Corporation (ABC), claimed that if NATO was invaded by anyone, the United States would…

Foreigners were banned from taking pictures of military exercises

2022-08-07: On 7 August, the eastern battle zone of the People's Liberation Army of China (PLA) was scheduled to continue its joint operational training programme in the maritime and air areas around Taiwan Island, focusing on the testing of combined ground and long-range air strike capabilities. The…

During the Golden Gate Artillery War, why the PLA Air Force could defeat the National Army Air Force equipped with American aircraft

2022-08-07: Original title: Why the Army of the Liberation Army (PLA) Air Force was able to defeat the National Air Force, which was equipped with American aircraft during the Golden Gate Artillery War On 23 August 1958, the Liberation Army (PLA), which had gathered over 400 large-calibre artillery pieces,…