As the US is intensifying its suppression on China, some noted that the US may make decoupling moves in the financial sector after trade and technology, as there have been reports that the US may cut China off from the dollar payment system SWIFT.
India is looking to increase barriers on imports from Asian countries including ASEAN nations and South Korea. The plan mainly targets Chinese goods re-routed to India from these countries, Reuters said Tuesday, citing anonymous Indian officials.
The US President Donald Trump recently announced his intention to ban the Chinese short-video platform TikTok in the US. He was about to give another "signature show" to the world, by signing an order to ban the app, and again reveling in condescending sentiment.
A South Korean industry research institute recently released a report suggesting the country should "reduce China dependence" in trade amid escalating containment efforts from the US. But economic ties with China have proven a much needed stabilizer for the South Korean economy, particularly in its post-COVID-19 recovery, rather than a potential risk.
Australia has recently revealed its high dependency on the US with regard to diplomatic policies, playing along or even serving as a vanguard for the US to sound out potential risks before taking action. Australia's US diplomatic policy dependence will backfire and undermine its development in the long run.
As the November US presidential election draws near, anti-China moves even harsher than the looming TikTok ban are likely to be rolled out by the Trump administration.
The Trump administration has ratcheted up an attempt to "decouple" with China, and now, a good number of American geopolitical analysts are also jumping on the bandwagon demanding a clear demarcation between the world's two largest economies, in their hardening perception that China's economy would suffer more and its rise would be contained.
Behind the rapidly deteriorating China-US relations is US President Donald Trump's attempt to lure voters to his re-election campaign, promoting anti-China sentiment as his prospects become ever gloomier.
Ever since the June 15 China-India border brawl, authorities and militaries on both sides have been striving to calm tensions via diplomatic channels and mechanisms to resolve border-related issues.
Group of 7 (G7) countries are reportedly promoting cooperation on a central bank digital currency (CBDC) and will discuss the issue at the annual G7 summit that is scheduled for late August or early September. The topic is China's lead in CBDC research and its potential challenge to the US dollar's dominance, according to the report, which is full of hostility against China.
Whether or not US-listed Chinese companies should return to Chinese stock markets now seems to be an issue of concern as the bilateral tensions elevate, and risks keep accumulating in the US financial system. A homecoming trend led by Chinese tech giants is set to accelerate.
With the highest number of confirmed COVID-19 infections in the world, the US is unlikely to see the V-shaped economic revival which the Trump administration is eager to achieve, as the 100-day countdown to the November 3 presidential election draws near.
As the US presidential election in November draws near, the incumbent Trump government has opted to exacerbate economic, diplomatic and political attacks on China - to deflect the administration's disastrously failing response to the COVID-19 pandemic which has claimed more than 140,000 American lives and sent its economy into free fall.
In addition to largely benefiting from economic cooperation with China, Australia is reportedly enjoying a China-led "knowledge boom," as China is overtaking the US as the country's leading international partner in the publication of scientific research. If Australia blindly limits China-Australia scientific research cooperation, it will further hurt its own economic interests.
A US Senate report released Tuesday slandered China's technology development as "digital authoritarianism."
Germany has recently taken over the rotating presidency of the Council of the European Union amid a devastated global economy. It is highly anticipated that Germany will lead the European Union (EU) out of the pandemic crisis and gain progress in economic resumption.
As the Trump administration intends to pull China into a new Cold War, it is set to continue tightening its overbearing technology blockade. China's basic scientific research and high-tech fields will feel more pressure.
Despite the US' tireless efforts to promote its "decoupling" from China and the ongoing deadly COVID-19 pandemic, China and the Association of Southeast Asian Nations (ASEAN) have forged more highly integrated economic and trade ties, overthrowing the basis of the US' scheme to isolate China from global industrial chains.