China talks of US decoupling and a divided world
A former CCP official urges Chinese to prepare for the worse case scenario. He sees negative economic growth as the US moves supply chains out of Chi-na.
Read the rest of the article at the link.It has been a tense first week of July in the seas of Asia.
While two U.S. aircraft carriers, the USS Ronald Reagan and the USS Nimitz, launched hundreds of aircraft daily into the skies above the South China Sea, China was conducting naval exercises in the same sea. In a rare and symbolic move, the People's Liberation Army Navy also carried out live-fire drills in the East China Sea and the Yellow Sea.
Amid the tensions, one published article has been the talk of the town in many Chinese circles. Written on the assumption that the novel coronavirus will disrupt China and the world for an extended period, the content is highly controversial.
The article predicts industrial supply chains being torn up, a China-U.S. decoupling and a world split into dollar and yuan economic blocs.
The author is Zhou Li, a 65-year-old former deputy head of the Chinese Communist Party's International Liaison Department, a division in charge of party-led diplomacy. His views notably differ from the official Chinese government line; they are also radical.
Zhou says Chinese must prepare:
1. For the deterioration of Sino-U.S. relations and the full escalation of the struggle.
2. To cope with shrinking external demand and a disruption of supply chains.
3. For a new normal of coexisting with the novel coronavirus pandemic over the long term.
4. To leave the dollar hegemony and gradually realize the decoupling of the yuan from the dollar.
5. For the outbreak of a global food crisis.
6. For a resurgence of international terrorism.
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Originally Posted by Ransom
