China has significant leverage over US, US scholar says
TEHRAN – Highlighting Beijing’s influence on Washington, an American anthropologist claims that any damage to US-Chinese trade would harm US economic interests.
âThe United States is ‘addicted’ to importing Chinese consumer goods,â William O. Beeman told The Tehran Times.
“China holds trillions of dollars in US debt in the form of bonds and other debt instruments. If China ’empties’ these bonds, it would create chaos in the United States,” adds Professor Emeritus. from Minnesota State University.
Many US politicians have expressed concerns about the unbalanced economic relationship between the United States and China, supporting punitive measures against Beijing.
But certain factors dissuade the United States from pursuing its policy of pressure concerning trade relations with China.
âChinese companies are widely sold on US stock exchanges, so investors in the United States have invested billions of dollars in Chinese companies,â Beeman notes.
âAny damage to US-China relations causes the value of these Chinese stocks to drop, making US investors angry. China has a huge leverage effect on the United States.
Here is the text of the interview:
Reuters said several US special operations forces were traveling to Taiwan temporarily to train with Taiwanese forces. Could you explain to an Asian reader what the United States is doing there?
Taiwan has been threatened with annexation by mainland China since World War II. China regards Taiwan as Chinese territory in its own right, and Taiwan’s international status is ambiguous as a result. The United States is committed to supporting Taiwan’s independence from China, and these military operations have been around for a long time. China’s recent military actions in the South China Sea and China’s recent political statements regarding Taiwan’s independent status have raised concerns in both Taiwan and the United States. The United States’ withdrawal from Afghanistan also encouraged some factions of the Chinese leadership to believe that the United States would not defend Taiwan and risk war with China. These military actions are designed to prepare Taiwan for any incursion from China and serve as a warning to China that the United States is not abandoning its commitments to Taiwan.
What are the implications of AKUS for China, the Far East, and US allies in Europe, particularly France?
The AUKUS alliance is another response to China. The US, UK and Australia have concluded that the Australia-France submarine deal will not provide enough military power to counter any serious Chinese action in the South China Sea. Nuclear submarines supplied by the United States were considered superior for military defense to non-nuclear submarines supplied by France. The AUKUS alliance is another indication of the gravity of the fact that the three nations see a possible Chinese threat in the region.
The actions of the United States against Iran have essentially led Iran to a strengthened economic and trade alliance with China.
The members of the Shanghai Cooperation have accepted Iran’s full membership in this organization. Do you confirm that the behavior and provocations of the United States against Iran and China have increased the importance of these regional coalitions in response to the unilateral actions of the United States?
Yes, the actions of the United States against Iran and the lack of progress in relaunching the JCPOA have essentially led Iran to a strengthened economic and trade alliance with China. China is essentially defying US sanctions against Iran and providing an economic lifeline for Iran according to Iranian leaders. It has also raised concerns in some circles in Iran that the alliance between Iran and China is tightening too much. The importation of Chinese workers for port construction in southeast Iran is viewed with concern by many, based on the experience of many developing countries in Africa and Latin America who have discovered that accepting development aid from China often leads to adverse economic entanglements with China that are difficult to break. .
How do the American media represent China to their audiences? Is China an absolute monster as described in the United States?
The US media does not really portray China as a “monster.” They report on China’s actions in the South China Sea and trade relations, but they do not present China as a serious threat to the United States. China is widely presented as a non-hostile partner. Iran is much more demonized in the press than China, which is ridiculous since Iran does not pose a direct threat to the United States. In contrast, Chinese stocks can potentially have a huge effect on American life.
However, politicians on both sides complain about the United States’ economic relations with China, citing an unfavorable trade balance and, more seriously, intellectual property thefts (patent infringements, industrial espionage) committed by Chinese industry. But at this point, the United States is “hooked” on importing Chinese consumer goods. In addition, China holds trillions of dollars in US debt in the form of bonds and other debt instruments. If China were to âthrow awayâ these bonds, it would create chaos in the United States. In addition, Chinese companies are widely sold on US stock exchanges, so investors in the United States have invested billions of dollars in Chinese companies. Any damage to US-China relations causes the value of these Chinese stocks to fall, angering US investors. China therefore has a very strong influence on the United States.
Donald Trump tried to “punish” China in an extremely crass way by imposing trade embargoes, but this effort was rather stupid as Trump could not express what he wanted China to do to improve trade and economic relations. , and its sanctions have not changed China’s position. economic or military behavior; it only hurt the US economy. These sanctions have largely been dropped and the United States has resumed its usual activities with China.
What are the political effects and fallout of US policy in the Far East, especially when it tries to portray China as a threat to Japan, South Korea, India and Australia?
US foreign and military policy in East Asia has somewhat âfallen asleepâ. While during the Vietnam era the United States was deeply concerned about Asia, over the past 40 years Chinese actions in the region have been of much less concern to the American public. Military officials and some politicians are indeed concerned about the long-term prospects of Chinese ambitions in the region and are preparing Taiwan, Japan and Korea to be on high alert. You mentioned, and I discussed, the AUKUS agreement above as an example of concern with China at the political and military level. Yet this concern has not spread to the American public beyond the occasional grumbling about Chinese business practices. Chinese military efforts are not, in my opinion, wrongly at this stage perceived as a danger by the American press or the American public.
I should also mention the situation in Xinjiang where the Uyghur people have been blatantly oppressed by the Chinese government, largely on the basis of their Islamic religious faith and their Turkish Uyghur language. This is of great concern to human rights officials, but it has not aroused concern among the American public. The same is true of recent repressive measures taken by the Chinese government in Hong Kong.
In the footnote of this review, I have to mention that I have traveled to China often and studied Chinese, which I now speak at a basic level. My feelings about China are mixed. I have only had excellent experiences in China. I admire Chinese culture very much and have only positive things to say about the Chinese people, who are very cultured, hospitable and immensely talented. But in my comments above, I reflect the attitudes and concerns of US officials regarding the actions of the Chinese government.