Military Review

Losing the trade war with China, Trump takes out his last trump card

56

The trade war with China became the main idea of ​​US President Donald Trump. To confront the Celestial Empire, Trump is trying to attract all possible forces and means, including international structures. But will his big-baton policy be successful?


Do not give loans to China!


US President Donald Trump has severely criticized the actions of the World Bank, which has decided to lend to China - annually, until 2025, Beijing will be able to borrow at very low interest rates up to 1,5 billion dollars a year. China is a rich and rapidly developing country, therefore, for a lender such as the World Bank, it is of significant interest.

Another thing is that the US administration is very unhappy with the decision of the international financial structure. Donald Trump, who launched the US-China trade war, is trying to channel transnational financial structures against China. Moreover, with respect to the World Bank, the Americans have an iron argument: the USA owns the largest share in the bank’s authorized capital, which is 16,36%. Therefore, the White House believes that it has the right to determine the international financial policy of the WB.

But even 16,36% of the authorized capital is not all of the authorized capital, not half or even a quarter, therefore, they cannot introduce any prohibitions on lending to third countries in the USA, and it is profitable for the World Bank to lend to developing China.

It is unlikely that Donald Trump does not understand that his country does not have real leverage that could prevent the World Bank from lending to China. But the American president hastened to indicate his negative assessment of the provision of credit - more with demonstration, image-building goals, than for reasons of actually harming the Middle Kingdom.

However, if we talk about a relatively long-term perspective, Trump’s position here seems more serious, since the United States may threaten to withdraw its share from the authorized capital and force the World Bank to not give money to China in the future. But is such a wave of a “financial baton" good for the United States itself? The fact that the trade war has become protracted is understandable, but it is unlikely that Washington will come out of it as a winner, especially if we act in a similar attack.

Whatever economic levers the United States has today, they are no longer able to crush the Chinese economy. But Donald Trump, an adventurous person and inclined to go all-in, may not think about the long term. It is important for him here and now to harm the Chinese, to strike at the most profitable sectors of Chinese trade. But whether he will succeed in this is difficult to say.

Do not forget that China now has a very powerful economy. Without an annual loan of 1,5 of a billion dollars, which is not so much money, the PRC will manage quite well, and in general it can well exist without any financial support from international financial institutions.


China has a developed industry, its products are in demand in almost all world markets, primarily in such promising ones as the markets of developing countries in Africa, Asia, South and Central America, and Eastern Europe.

In the framework of the budget alone, Beijing spent $ 2018 trillion in 3,267. dollars. Without a half billion from the World Bank, he will live quite well. But Trump believes that any financial preferences for China will increase its economic influence and, accordingly, increase competition and confrontation with the United States. Therefore, the American administration is trying to use all possible instruments of pressure, if only to prevent China from developing its economy more rapidly.

Naturally, in order to weaken the position of China on the world market, the United States will also force its political allies to impose restrictions and duties on Chinese goods. However, here Washington will have to face the fact that not all countries, even with the governments most loyal to the Americans, can afford to limit the influx of cheap Chinese goods.

Many African, Asian, and even European states are so seriously dependent on Chinese imports that a reduction in their quantity can lead to the most dire economic and social consequences. But will Washington understand this or will they continue to put pressure on the allies, demanding that they join the trade war against the Middle Kingdom?

America is mired in debt


But even the inclusion of all American allies in the trade war does not guarantee Washington that he really can win it. China was able to create an economy too strong and today it has too obvious advantages over the USA.

Losing the trade war with China, Trump takes out his last trump card Joseph Stiglitz is a world-renowned American economist and Nobel Laureate in Economics. Not so long ago, he published an article in which he expresses the idea: America could lose the trade war with China.

Stiglitz cites a high level of debt as the main reason for the development of events in such an unfavorable scenario for the United States. Domestic investment in the United States is significantly higher than savings, and this means only one thing - the American state continues to collect debts. The US budget deficit is a trillion dollars. But if Washington creates the conditions for a decline in investment, then economic growth will stop.

It is the United States that is the largest debtor in the modern world, and the American economy is plunging into the debt hole at an increasingly rapid pace. But in order to refinance existing debts, the United States needs to maintain a strong dollar position in the world market, but with this it becomes more and more difficult. It is no secret that many countries dream of ending dollar payments, and some are already taking their first steps towards this goal. For example, Russia has agreed with China on settlements in national currencies.

But if the demand for the dollar as a universal world currency will fall, for the United States this will mean the emergence of additional problems. The “printing press" will no longer be able to ensure the dominance of the American economy and the country will face a serious crisis. China does not have such problems, and therefore it is easier for him to win the trade war, no matter how leverage the American leadership possesses.

However, Washington may well involve political and even military instruments in solving economic problems, provoking wars, conflicts, revolutions, mass unrest in order to weaken the states that are potentially dangerous for the American economy. Among the priority goals is China, a certain destabilization of the situation in which could help the United States slow down its economic development for a certain time and maintain the gap between the two states in economic terms.

What political instruments can the United States resort to?


Since economic measures are not very effective, Washington is likely to continue the policy of non-economic pressure on China. What we see here are the most significant problems of Chinese politics and the direction of possible activity of the United States and its allies?


Firstly, this is the problem of respecting human rights in Hong Kong, which the West will now focus on. It is clear that Hong Kong performances are staged in the United States and Great Britain, and the protesters themselves, waving British and American flags, practically do not hide it. The tougher the Chinese government will act in Hong Kong, the more likely it is that the Americans will hide behind the Hong Kong problem and come up with some kind of political sanctions with an economic content.

Many noticed the similarity of the technologies used in Hong Kong with those that were tested by the West during the Euromaidan in Ukraine. The presence of a very large number of coincidences does not allow us to doubt the Hong Kong riots in the American track, and the support of popular rallies in this trading city is carried out not for the sake of a certain love of the American state for democratic freedoms, but only to weaken China.

The second problem is national regions. Traditionally, America does not get tired of reminding China of Tibet and Tibetan independence and the Xinjiang Uygur Autonomous Region. In the USA, they are happy to savor the internal political problems of China, not tire of recalling the existence of at least two large and world-famous national movements - Tibetan and Uyghur, which advocate at least the real autonomy of the two national regions of the PRC, and at the very least - for their separation from China and becoming independent national states - Uyghur-Muslim and Tibetan.

But if Tibet is still a peaceful region, and supporters of Tibetan independence are practically not inclined towards military action, then in Xinjiang the situation is different. Muslim Uighurs are much more active than Tibetans, some of them support radical groups, there are people who have gone through wars in Syria, Iraq and Afghanistan. It is no coincidence that the American press now often publishes materials on the camps that hold Uyghur activists in China and on human rights violations in East Turkestan.

Thirdly, the United States will not fail to take advantage of the situation on the Chinese borders. Now the United States is actively opposing China in the South China Sea, and is developing military-political cooperation not only with old allies like the Philippines and Thailand, but also with new ones like Vietnam. In Japan and South Korea, Americans are not only not going to curtail their military bases, but are also thinking about deploying new missile defense systems there.

A separate topic is relations with North Korea, which will certainly emerge in the context of growing confrontation with China. To the south, the United States will provide comprehensive assistance to India, regarded as a regional counterweight to the Celestial Empire, and may also require Pakistan to decide: either cooperation with Beijing, or American military and financial assistance.

Thus, in any case, the United States will use economic measures in the form of trade duties, restrictions, sanctions, credit bans, and political and even military instruments as a “big stick” against China. It is no coincidence that Trump is now paying so much attention not so much to US participation in military conflicts in the Near and Middle East, as to building up defense potential, which can be used precisely in the confrontation with China and Russia.

The US military command also does not hide the fact that it considers China as the main military threat in the Asia-Pacific region, where there is now quite high tension in the South China Sea. It is for the actions against China that the Americans are building up their naval presence in the Pacific Ocean, as well as developing cooperation with those countries that are unhappy with the policies of Beijing and have historically had difficult relations with the Chinese state (for example, this is Vietnam).

Author:
Photos used:
www.realtribune.ru
56 comments
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  1. Pessimist22
    Pessimist22 10 December 2019 06: 14
    +3
    The Yankees understand that they have lost but are trying to do something, I think in the medium term the United States will face serious economic and domestic political problems, and China will flourish.
    1. DAC scratch
      DAC scratch 10 December 2019 08: 33
      -1
      Quote: Pessimist22
      The Yankees understand that they have lost but are trying to do something, I think in the medium term the United States will face serious economic and domestic political problems, and China will flourish.

      here is the expert opinion, https: //spydell.livejournal.com/672954.html
      1. Stas157
        Stas157 10 December 2019 09: 55
        +9
        . United States but overwhelm the Chinese economy they are no longer able. But Donald Trump, an adventurous man

        I do not agree with this thesis. The US has no purpose to crush the Chinese economy. For it is like death to them. Indeed, the US economy itself is already tied to the Chinese economy. China is the largest partner. But he is also a competitor.

        The task of a trade war is only to weaken China, to move it in positions, to squeeze the most out of this trade partnership. The United States wants to cover its market from China’s unprecedented offensive, and at the same time, at the same time, enter the closed domestic market of China to the maximum. That's all.

        America and China will come in the final path to some sort of compromise. And it would rather not be in China's favor. But the USA will not achieve much success either. After this, the trade war will end.
    2. Slavutich
      Slavutich 10 December 2019 08: 51
      +10
      Who said that the Yankees lost? For now, they are imposing sanctions and unleashing wars, and not vice versa. The main thing is what will happen to Russia, otherwise it smoothly turns from a financial semi-colony of the United States into a raw materials semi-colony of "prosperous" China
      1. Nick
        Nick 11 December 2019 17: 37
        +2
        Quote: Slavutich
        The main thing is what will happen to Russia, otherwise it smoothly turns from a financial semi-colony of the United States into a raw materials semi-colony of "prosperous" China

        You are confusing something. Learn the signs of a semi-colony first. Do we have citizens of CHINA or the United States not subject to prosecution in Russia? Unas, do the minerals belong to China or the USA ?. Do we have Chinese or American business that has additional privileges from the state? Or are we giving away products of our economy at imposed, deliberately low prices?
        Do we have Chinese military bases at every turn?
        1. Charik
          Charik 12 December 2019 19: 05
          -2
          Some of the above are true.
          1. Nick
            Nick 12 December 2019 19: 09
            +2
            Quote: Charik
            Some of the above are true.

            Somewhere, something, something, someone, when ...
            Yes. Your facts are undeniable laughing lol negative
    3. Ross xnumx
      Ross xnumx 10 December 2019 08: 56
      +5
      Quote: Pessimist22
      I think in the medium term the United States will face serious economic and domestic political problems

      And where are you going to get US foreign policy problems? See how the attitude of the former loyal rulers began to change ... Strengthening Germany’s weight in the EU and countering Washington’s dictatorship against the backdrop of China’s growing economy can make EU-US relations very serious - no one wants to live in burdens lesion.
      hi
      1. Pessimist22
        Pessimist22 10 December 2019 09: 13
        +1
        Yes, they have already encountered this, I agree.
  2. Far B
    Far B 10 December 2019 06: 21
    -1
    And the Americans, China, more than a trillion in the dead presidents stick out. For China, this is also a weapon, although they will most likely use it only when they attach it to the wall — throw so much in debt securities into the market — the price will collapse immediately, so China will lose dofiga.
    1. bessmertniy
      bessmertniy 10 December 2019 06: 52
      +2
      It is good that Russia basically managed to get rid of American papers on time, until they had time to depreciate.
      1. Charik
        Charik 12 December 2019 19: 07
        0
        Well, it can’t be that the RF does not contain their bonds or whatever
  3. Pecheneg
    Pecheneg 10 December 2019 06: 26
    +3
    In any case, it is necessary to derive maximum benefit from this.
  4. KCA
    KCA 10 December 2019 06: 48
    +7
    It would be interesting to see how the United States will politically put pressure on China with problems in Hong Kong, Tibet and the Uighurs? China in Hong Kong will simply disperse everyone, Tibet will promise any economic preferences, the Uyghurs will simply relocate closer to Mongolia, in the desert, and for all howls about human rights and everything else, it will put the biggest fastener from the largest bridge - a bolt
    1. abrakadabre
      abrakadabre 10 December 2019 09: 53
      0
      China in Hong Kong will simply disperse everyone, Tibet will promise any economic preferences, the Uyghurs will simply relocate closer to Mongolia
      They will show off too much, China will simply forcibly assimilate them all. Taking into account the total information control of China within the borders, the maximum that will come from there is a hysterical "meow" or "bul-bul". And then only circles in the water. And then shout, don't shout ...
      1. KCA
        KCA 10 December 2019 10: 44
        +2
        And China has been busy with this for a long time, Uighur children are confiscated and sent to study in camps, where they are not instilled with Islamic mentality and separatism, but educated in the spirit of Great China
    2. maden.usmanow
      maden.usmanow 10 December 2019 09: 58
      0
      China cannot
      in Hong Kong it’ll just disperse everyone


      How do you imagine this?
      Hong Kong is mentally completely different. Like the Hong Kongs.
      Hong Kong for China, it’s like the Caucasus for Russia.
      It’s just that it will not work to disperse everyone.
      1. KCA
        KCA 10 December 2019 10: 41
        +3
        There were already such ones, mentally different, gathered 30 years ago on Tiananmei Square, nothing happened, everyone calmed down
        1. Kronos
          Kronos 10 December 2019 14: 11
          0
          Well, it didn’t work out with these for some reason.
          1. KCA
            KCA 10 December 2019 15: 27
            0
            30 years ago, they didn’t immediately start either, and then the fire to kill, officially 272 dead, in reality, an order of magnitude more, or even 2, 30 years, lived without marshes and Maidan, they’ll vaccinate again and silence
    3. New Year day
      New Year day 10 December 2019 10: 39
      +1
      Quote: KCA
      China in Hong Kong will simply disperse everyone ..

      won't work like that
    4. Suhow
      Suhow 11 December 2019 22: 59
      +1
      The Chinese can, and Tian Aiming testifies to this
  5. rotmistr60
    rotmistr60 10 December 2019 07: 01
    -1
    Donald Trump, who launched the US-China Trade War,
    Which will eventually lose. Today China is a strong partner, besides historically and mentally cunning. In vain, Trump began to dig a hole for himself, deciding to "crush" the PRC by all available methods.
    1. DAC scratch
      DAC scratch 10 December 2019 08: 34
      -3
      Quote: rotmistr60
      Donald Trump, who launched the US-China Trade War,
      Which will eventually lose. Today China is a strong partner, besides historically and mentally cunning. In vain, Trump began to dig a hole for himself, deciding to "crush" the PRC by all available methods.

      https://spydell.livejournal.com/672954.html
      1. mentle
        mentle 10 December 2019 13: 12
        +1
        https://youtu.be/ZgwBDtrFYpE
        Very interesting video. About the US debt
        1. DAC scratch
          DAC scratch 10 December 2019 13: 14
          -5
          Quote: mentle
          https://youtu.be/ZgwBDtrFYpE
          Very interesting video. About the US debt

          so the US national debt is less than the Chinese one https://www.google.com/url?sa=t&source=web&rct=j&url=https://m.lenta.ru/news/2019/07/18/china/amp/&ved=2ahUKEwi2y9y27KrmAhXZwMQBFjApiCvgus & amp; = AOvVaw3zDxMOnnIbtFJQiVf8yVaj & cf = 1
  6. However, dear
    However, dear 10 December 2019 07: 12
    +3
    Actually, if we take the US debt as a percentage of GDP, then it is not that great. Many European countries and Japan have higher debt. Chinese exports to the US are over $ 700 billion a year. The United States is China's largest trading partner. While such trade is going on, there can be no talk of any hot war. Now, if we see that the United States is curtailing trade with China, then get ready for war. In the meantime, everything is calm. All wars are "trade" wars. They will bargain and agree.
    1. DAC scratch
      DAC scratch 10 December 2019 08: 52
      -1
      for some reason they don’t mention the debts of China, which are more than the USA https://www.google.com/amp/s/m.lenta.ru/news/2019/07/18/china/amp/
    2. abrakadabre
      abrakadabre 10 December 2019 09: 55
      +2
      Now, if we see that the United States is curtailing trade with China, then prepare for war.
      Before curtailing trade with China, the United States needs to export real industry from China on a very large scale. This is not a very fast process. The same Trump is already tired of screaming about it.
  7. fif21
    fif21 10 December 2019 07: 32
    +3
    I don’t think China will be inactive. Trump's world capital movement is beyond his control, he (capital) is going where he can make a profit. The USA lost the economic war yesterday, and Trump's clumsy attempts to brand an economic club will only accelerate the decline of the U.S. economy.
    Thanks to the author for the good analytics. good hi
    1. Fat
      Fat 11 December 2019 01: 00
      +1
      Robert Anton Wilson. Prometheus has risen. Psychology of Evolution:
      Capital is steadily moving west. ... Britain ... USA ... Japan ... South Korea ... China ...
  8. rocket757
    rocket757 10 December 2019 08: 25
    +1
    Big "boys" are being played ... the consequences can be bigger !!! It's time to store matches and salt!
    1. Ross xnumx
      Ross xnumx 10 December 2019 08: 59
      +3
      Quote: rocket757
      Big "boys" are played ...

      laughing Yes, these big boys are playing in the fuel and lubricants warehouse - it's time to hide the matches, and salt does not prevent someone especially "hegemonic" from pouring them on their tail ...
      1. rocket757
        rocket757 10 December 2019 09: 05
        0
        Quote: ROSS 42
        Yes, these big boys are playing in the fuel and lubricants warehouse - it's time to hide the matches, and salt does not prevent someone especially "hegemonic" from pouring them on their tail ...

        If our wishes were fulfilled at least sometimes ... I wouldn’t regret the gum turpentine, high purification, for such a good deed!
        1. sharp-lad
          sharp-lad 11 December 2019 19: 42
          0
          The hegemon just lacks a skia tail! And so it rides like a maydanute banderlog!
          P.S. By the way, communication with the latter clearly left an indelible mark on almost the entire hegemonic, type, elite. laughing
  9. DAC scratch
    DAC scratch 10 December 2019 08: 53
    -3
    Quote: fif21
    I don’t think China will be inactive. Trump's world capital movement is beyond his control, he (capital) is going where he can make a profit. The USA lost the economic war yesterday, and Trump's clumsy attempts to brand an economic club will only accelerate the decline of the U.S. economy.
    Thanks to the author for the good analytics. good hi

    https://spydell.livejournal.com/672954.html
  10. Slavutich
    Slavutich 10 December 2019 08: 53
    +1
    China has a developed industry, its products are in demand in almost all world markets, primarily in such promising ones as the markets of developing countries in Africa, Asia, South and Central America, and Eastern Europe.

    It is "gratifying" that the once second economy in the world has become a "promising market", along with Africa, for China.
  11. knn54
    knn54 10 December 2019 09: 29
    0
    Trump takes out his last trump card.
    From the sleeve ...
    1. abrakadabre
      abrakadabre 10 December 2019 09: 57
      0
      Trump takes out his last trump card.
      From the sleeve ...
      Not the fact that from the sleeve. It is possible that from the "wide legs". To knock this trump card on the table. But the drama from this gesture somehow does not work. Either Trump's age is not the right one for such a gesture, or his charisma is not like Die Hard. Vyalenko. The Chinese comrades chuckle.
      1. maden.usmanow
        maden.usmanow 10 December 2019 10: 54
        0
        Especially Huawei laughs, yeah.
        1. Oyo Sarkazmi
          Oyo Sarkazmi 11 December 2019 18: 00
          +1
          Quote: maden.usmanow
          Especially Huawei laughs, yeah.

          Considering that half of the servers in the world are from this very one, without maintenance, the global Internet worm is stronger than a rare bird in the middle of the Dnieper.
    2. region58
      region58 10 December 2019 10: 24
      0
      Quote: knn54
      Trump takes out his last trump card.

      So Trump translated from English is a trump card ...
  12. maden.usmanow
    maden.usmanow 10 December 2019 09: 49
    +1
    It is strange that the author did not touch on the ideological issue. And he is the most important.
    It's not about Trump, and not only in the United States.
    The author presented everything as if Trump didn’t like China, and everyone else was waiting for Chinese money.
    Surprisingly, all decent countries want to sell more of their goods. Everything, not just the States and not only President Trump.
    The mentioned Chinese investments are a vicious circle and a noose for the economies of other countries.
    Criticism of the IMF and other international financial institutions is popular here, so China acts much tougher:

    Grants loans to the country, provided that the Chinese campaign acts as a contractor,
    The loan received goes completely to the Chinese contractor,
    The Chinese campaigns use the built infrastructure, and for the debts they also take away the rest of the logistics, ports, railway, and so on.
    There are a lot of fools in the world, but right now the countries finally understand the Chinese threat, among the population of these countries, especially Islamic, there is an explosive growth of anti-Chinese sentiments.
    And the opposition of the democratic world (not only the USA) is added to this.

    China has achieved a lot, but the States gave it to achieve it, they opened their market, they moved production.
    China was in greenhouse conditions. There was hope for the democratization of the CCP.
    This just did not happen.
    The whole democratic world has opened its eyes to China’s desire to swallow everyone.
    The story of the now Chinese
    MS 21 and Russia, too, must at least teach something.
    1. sharp-lad
      sharp-lad 11 December 2019 19: 46
      0
      Sami but the States gave him this, they opened their market, they moved production., no one forced, no one pulled his ears! hi
  13. Operator
    Operator 10 December 2019 10: 42
    +5
    "I remembered the grandmother, yak a wench" (C) laughing
  14. NF68
    NF68 10 December 2019 15: 50
    -1
    He loses from wide legs. Well and further. It seems that China has really stepped on the favorite corn of the United States and the United States is trying to do something while the whole process of gradually moving the United States from the center of the feeder is at the initial stage. Then it will definitely be too late to do anything.
  15. frizzy
    frizzy 10 December 2019 17: 34
    -1
    I respect Trump and love !!! It is necessary to push this world garbage-China. Even a coward in the market -one China is how to understand ??
    1. NF68
      NF68 17 December 2019 16: 00
      0
      Quote: frizzy
      It is necessary to push this world garbage-China. Even a coward in the market -one China is how to understand ??


      Maybe for a start it would be nice to work diligently as the Chinese do? Or is it that China is also to blame for some who do not want to work like this?
  16. Hikaro
    Hikaro 11 December 2019 01: 12
    +1
    It was correctly said above that China was allowed to rise, namely the USA! Most companies moved production there to the detriment of their own countries and economies !!! An example of VOLGO! The deal did not give China the right to transfer the design department! China spit on it !! All production, developments, inventions, unique security solutions, all Volga NIR R&D facilities were exported impudently to China !! In Gothenburg, only empty workshops given up as a spare parts warehouse !! China is really afraid and hate !! In Europe, grabbed so late! Even some of the ports belong to China !!! This is really an open aggressive absorption by China of the entire market and dictation of its rules to everyone !!! China is a very dangerous state !!! But America will not be able to stop this Chinese ice rink alone !! Only together with Europe can China push it away !! But Trump, on the contrary, is strangling Europe for some reason !! He is a fool on the contrary with Europe to unite must be against China !!
    1. Eug
      Eug 11 December 2019 08: 33
      0
      As I understand it, Trump’s strategy is primarily aimed at integrating the North American economies, plus support for China’s South Asian rivals.
    2. NF68
      NF68 18 December 2019 15: 53
      0
      Quote: Hikaro
      China is really afraid and hate !!


      No more than they fear and hate the United States.
  17. Eug
    Eug 11 December 2019 08: 30
    +1
    If the US withdraws its share, then China will have a great chance to invest American debt certificates there.
  18. zenitovets
    zenitovets 11 December 2019 12: 29
    0
    After the last trump card, Trump will only have to get a member out of his pants - there will be nothing more to get ...
  19. Koppec
    Koppec 13 December 2019 00: 25
    0
    When will anyone lose to Russia in the economic confrontation? Besides all there forgiveness of debts to African countries.
  20. Tolik_74
    Tolik_74 14 December 2019 12: 45
    0
    Mattress pendautki have a trump card in the form of a printing press and green paint. And seized economies around the world on cut paper, with which the big powers are now starting to jump. All. The slow and painful death of a sick patient begins
  21. PavelT
    PavelT 14 December 2019 15: 34
    0
    Especially funny about the ban on lending to China.
    And these strange "the actions of the World Bank, which decided to lend to China - annually, until 2025, Beijing will be able to borrow at very low interest rates of up to $ 1,5 billion a year. "Why would China even take money from the World Bank ???
    China has money, like a fool wrappers. We look into the cup of China and see there .... ohrenelliards of dollars (3,053 trillion for October 2018 - there used to be more: up to 3.99 trillion in 2014).
    On the map "Foreign exchange reserves of the country minus the external debt of the country" for 2011, China just glows indecently green ... against the background of the bright red color of the US and British debts:

    (just the foreign exchange reserves of countries on the map here: https://upload.wikimedia.org/wikipedia/commons/1/11/Reserves_of_foreign_exchange_and_gold.PNG).
    China allegedly has 2000 tons of gold (less than the Russian Federation), but there is an exchange for trading gold in Shanghai since 2002 and since 2014 it sets the price of gold in RMB (http://www.marketswiki.com/wiki/Shanghai_Gold_Exchange https: //www.kitco.com/shanghai-gold-fix/) - this is not the case in the Russian Federation, we simply take prices from the London Stock Exchange. China has been a leader in the sale of gold for jewelry since 2013, for these purposes, 700-800 tons are sold in China annually. How much China actually has in the treasury of gold (and the rest of the precious metals) China will not tell the whole world anyway (nor how much China has vigorous warheads).
    And the World Bank also lends to this country (it is evident because the money is reluctant to give bankers all sorts of unbelievable Bantustangs, who still will not give it away), and Trump naively hopes China will frighten something in the field of loans ...