Bắc Kinh Phản Công Mỹ - Cú Đáp Trả Quyết Liệt Hay Đòn Tự Sát?

Two important meetings of the Chinese government open on March 4, coinciding with the day when President Donald Trump reapplied the 10% tax on Chinese goods. Trump's increase in taxes on Chinese goods has scared Chinese manufacturers, and they are actively looking for ways to export to reduce tax pressure. Some analysts say that this year, the South China Sea Games will be very difficult, when external pressure, as well as China's economic issues, will make Xi Jinping's leaders face many challenges. Before that situation, Beijing has reacted against the US. What tactics does the South China Sea have to deal with the escalating trade war? Or will it continue to sink deeper into the abyss? Let's find out in today's program. Ladies and gentlemen, the National People's Congress, that is, the National Assembly and the Politburo of the People's Republic of China, is the main assembly of the Chinese government, which was held for the first time on March 5. And on March 4, with the participation of senior leaders of the Communist Party of China, Chinese Prime Minister Li Keqiang presented a report on government affairs on the opening day of the National Assembly. In about a week, more than 2,900 representatives of the People's Assembly and more than 2,100 non-political committees will discuss and review Mr. Li Keqiang's report. The time for the Politburo of the People's Republic of China started on March 4, which is the day when US President Trump imposed a new 10% tax on all Chinese goods. According to the report of the IRFI on March 3, two major topics on China's economy and external challenges will be discussed throughout this year's National Assembly of the People's Republic of China. China's economy continues to face pressure. Many work reports of local governments during this year's National Assembly have adjusted the target of the CPE consumption index to about 2%. It is expected that the national CPE target will also decrease from about 3% over the past few years to about 2%. In addition, on March 3, Beijing held a press conference before the opening of the political conference. Spokesman Liu Keqiang said that China's economic activities are facing difficulties and challenges. The demand for consumption is still not enough, but China's economic institutions are still stable. Mr. Liu stressed that the internal and external environment is undergoing a profound and complex change. Chinese businesses feel panic before the US imposed an additional tax. US President Donald Trump announced on February 27 that he would impose a 10% tax on all Chinese goods from March 4. Prior to that, on February 4, the US imposed an additional 10% tax on imports from China. The increase in taxes has caused some Chinese manufacturing businesses to feel panic. The Wall Street Journal reported on March 3 that on Friday morning, a lawyer in Xiamen City, Fujian Province, China, suddenly received a lot of calls and messages from customers who were in a hurry to find advice on how to deal with the new US tax plan. One of the lawyer's customers is a power-supply machine manufacturer. This company has moved production to Malaysia. Another customer is a car parts manufacturer. This company is considering moving production to Thailand. Both companies have issued urgent requests, hoping that the lawyer can help them speed up this process. The lawyer said in an interview that all businesses are very panic and they are looking for solutions. Many Chinese manufacturers believe that they can withstand the effects of Trump's government imposing a 10% tax in early February. However, imposing a 10% tax means that the headache will double and that more difficulties will come in the future. Trump's new tax plan makes Chinese manufacturers more urgent in planning to move production to foreign countries, especially Southeast Asia. The production and delivery from other countries means that US importers can avoid having to pay a higher tax on Chinese goods unless Trump also invests in these countries. According to SouthOpHop, Trump's trade policy is not just targeting China. A plan to impose a tax on Canada and Mexico is being carried out and has proposed a tax response. This could increase the import tax of goods from many countries. The White House is also taking measures to limit China's investment in the United States. Ken Huo, an expert in manufacturing in Foshan City, Guangdong Province, China, said China's small manufacturing businesses are currently having difficulties due to limited resources. These businesses may not be able to invest as much as new factories in Southeast Asia. He is a member of a manufacturing association in Foshan. After the announcement of a new US tax, his WeChat page was full of information about the confusion and panic of local businesses. He said, The worst thing is that we really don't know what the Trump administration will do next regarding the tax issue. He said he will continue to move the production out of China. He said so far this year there have been 58% of goods imported to the US from China, which is much lower than the 71% announced in November last year. The Chinese economy is in trouble. Under pressure to double Trump's taxes, Chinese manufacturers are afraid to move out of China, increasing the situation of China's manufacturing industry and the country's economic prospects are getting worse. Although the annual Chinese government conference is taking place, the market is still difficult to be optimistic. On March 3, China's A-stock market index increased and then decreased. The Shanghai Composite index decreased 0.12% to 3,316 points. The Composite index increased 0.36%, and the Chinese index increased 1.2%. Stocks in the robot sector decreased by 2-5%. Electricity and telecommunications stocks also decreased sharply. With foreign enterprises moving to domestic enterprises in order to improve China's welfare system. Lu said that compared to most countries in the world, China's system of poverty is quite large. He said that about 7% of the group in the upper class receive an average salary of more than 6,000 yuan per month. The low-income group in the middle class receive an average salary of more than 2,000 yuan per month, accounting for about 38%. The rest, about 55% of rural and urban residents, mainly 171 million elderly people in the countryside, receive an average salary of 223 yuan per month. These elderly people are the parents of millions of Chinese immigrants and their weighty wealth is also the future of 300 million Chinese immigrants. Due to the economic downturn, hospitals in China are facing unprecedented financial crises. The New York Times reported on February 21 that Hoi Son Hospital in Jiangsu Province is a private hospital facing financial difficulties. The coast guard issued a warning saying that the hospital's process was falling into a financial failure. Not only did the hospital face financial crises, but other private and public hospitals across China are also facing similar financial difficulties. As the business is declining, hospitals are also facing a new problem, namely the collapse of the real estate market which has led to an economic downturn. Currently, the local government does not have the money to provide the necessary financial support for public hospitals. China's economy has recently faced difficulties that have caused damage to the operation of hospitals. Data from the National Development Data Base of the Chinese government shows that in the past five years, there have been more than 200 public hospitals declaring bankruptcy, while five years ago there were only seven hospitals. All the hospitals declaring bankruptcy are private hospitals, but experts say this trend is very worrisome. Independent analyst in the Chinese medical field, Ha Teng, said this is just the beginning, there will be more in the future. On the side of the expert on China, Zhang Yadong, published in the newspaper Newsweek on February 27, said that the Chinese economy is in trouble and the government is very difficult to solve this issue. Due to the leadership of China, Xi Jinping is determined to lead the country on an unsustainable path. China is entering a period that some people call a period of turmoil. An Tiversen-Zhang, author of the book The History of the Opening and Closing of the Chinese Economy, said that without paying the low-investment funds, mainly real estate, the Chinese economy would not grow. This expert believes that the Chinese economy is facing a serious crisis. According to the British economist, this crisis is threatening China's financial industry. Because of the decrease in real estate value in China has caused a chain effect, creating great pressure on banks and the financial market, leading to a decline in interest rates. The decline in interest rates has a complicated origin, originating from the depreciation of China's most important assets, real estate, and has now spread to a larger market. China's global financial system is increasing the problem, because investors are trapped in assets that are being depreciated continuously. This pressure is particularly evident in Chinese banks. Banks are one of the biggest buyers of government bonds. An important part of solving the real estate crisis is that local governments can't buy a large amount of real estate. According to estimates, about 32 million houses can be sold, and 49 million houses are still vacant. To achieve this goal, there must be a large price reduction and the local government must negotiate to lower the price of these houses. In some cases, the house price may need to be reduced by more than 50% so that the local government can afford the cost. The price reduction will benefit the first buyer, but it is a nightmare for banks. When the value of real estate in China decreases a large amount of capital has been withdrawn from China. According to data from the China National External Regulatory Commission, last year, the direct foreign investment of 1.680 billion U.S. dollars was the largest reduction since 1990. In addition, illegal foreign capital also consumed a large amount of cash. The pessimistic psychology is overwhelming China. China's experts and experts say this is mainly not because the Chinese economy is declining, but because the people think that Xi Jinping has gone in the wrong direction and the people suffering are the people of China and their economy. Faced with a situation where Chinese businesses are in a state of panic when the Trump administration imposed more taxes and the Chinese economy is sinking deeper and more difficult, Beijing quickly responded to the US' new round of taxes. Is this a wrong step by the Xi Jinping administration? On March 4, China announced it would impose a 10% or 15% tax on U.S. agricultural and food products, while imposing export and investment restrictions on 15 U.S. companies for national security reasons, leading to a growing trade war between China and the United States. The U.S. news agency VOR reported that to date, the total tax rate imposed by the United States on Chinese goods has reached 20%, because Beijing has not acted on the fact that Fentanyl produced in China has entered the United States. On March 4, the U.S. Commission on Foreign Affairs announced that from March 10, 2025, it would impose a 15% tax on U.S.-made products such as chicken, glutinous rice, corn, and cotton, and impose a 10% tax on high-yields, soybeans, pork, beef, seafood, fruit, vegetables, and dairy products. The Chinese Commerce Department has released a blacklist of 15 U.S. companies in the field of defense technology such as ship design, artificial intelligence, telecommunications, and aviation. Companies such as Leidos, Gibson Corp., and IP Video Market Info are also on the list. These companies are prohibited from purchasing civilian and military goods from China without the permission of the Chinese Commerce Department. The Chinese Commerce Department has publicly stated that it has added a clause to the World Trade Organization on U.S. new tax measures, and that Beijing has expressed strong dissatisfaction and strong opposition to Washington's unilateral tax cut, which has harmed trade between the two countries. A professor at the University of California, Texas, Dr. Sitan said, in fact, China and the U.S. in trade are complementary. The problem is that the Chinese government is deliberately pursuing censorship and restricting imports of goods from the U.S. The purpose of the U.S. is not not to trade with China. President Trump has never said that. He only asked Beijing to abolish unfair trade forms, not to restrict U.S. products, and not to pursue unilateral trade. Beijing exports a lot, imports very little, creating a large amount of foreign exchange. This is also the goal of the Chinese Communist Party. President Trump does not want the situation of massive trade corruption to continue, so he imposed a tax. The action of the South China Sea is further restricting the export of U.S. products to China. China's trade with the U.S. may increase. Just let Trump continue to increase the tax and finally ban the export of Chinese products to the U.S. Like banning electric vehicles with a 100% tax, in fact, it can be completely banned. Dr. Sitan pointed out that it has not yet reached the 60% tax level that Trump wants. The Chinese side said that if the U.S. government still has actions or plans, just go ahead. In fact, it is expected that the U.S. government will have stronger fights, and Beijing is preparing for a worse situation. Dr. Sitan said that when Trump is done with the Russian-Ukrainian war, he will do his best to deal with the Chinese Communist Party. Currently, the tax is really just a small test. Dr. Sitan continued to say that the Chinese Communist Party is a smart organization and understands the situation very well. They don't dare to pay, especially because they really don't have many measures. In the end, whose economy depends on whose economy, whose export depends on whose export market, whether there is a problem with trade surplus or not. At this point, the Chinese government really has no way to counterattack, and they also know that the U.S. may have bigger, more serious measures that have not yet been issued. They are basically ready to accept the fight. The Wall Street Journal reported that the analyst company Trade Partnership of Quaid estimates that taxing 10% of China's goods will bring back about 86 billion U.S. dollars in revenue, exceeding the annual total revenue tax in Trump's first term. Trade Partnership of Quaid said that this revenue would exceed the $77 billion U.S. tax that the U.S. is expected to receive from all sources in 2024. The trade war that Trump initiated in his first term to resolve the issue of trade corruption between the U.S. and China. At that time, the South China Sea also agreed, such as pledging to buy 50 billion U.S. dollars of agricultural land from the U.S. However, in 2020, when the Trump administration handed over to Biden the agreement that Xi Jinping signed with Trump was not carried out. In the end, Beijing did not keep its promise and did not buy 50 billion U.S. dollars of agricultural land from the U.S. but bought it from Brazil. The analyst said that with the return of the White House, Trump may pursue the responsibility for violating the contract of Beijing, as well as major issues related to Fentanyl and geopolitics. Trump has shifted attention from the Russian-Ukrainian war to the Chinese Communist Party. In fact, the Chinese Communist Party is currently the biggest threat to the United States. On March 4, the Chinese Ministry of Information issued a White Paper on how to manage Chinese Fentanyl-like substances. It stated that Beijing would put Fentanyl-like drugs on the list of commercial drugs and carry out strict management of related manufacturing, business, use and export. The White Paper also stated that Beijing opposes the criticism of each other and is responsible. The U.S. has long been dissatisfied with Beijing on the Fentanyl issue. Two taxes on Chinese goods since President Trump took office were due to Fentanyl produced in China flowing into the U.S. through Canada and Mexico. According to Deutsche Welle, since 2018, more than 250,000 Americans have died from excessive use of Fentanyl. U.S. Secretary of State Marco Rubio recently asked in an interview with Fox News whether the Chinese government is deliberately bringing drugs into the U.S. He said, in some cases, this may be deliberate. For example, they are letting Fentanyl flow into our country. Chinese Foreign Ministry spokesman Lam Kien replied on February 28 that Rubio's speech is full of cold war mentality. On March 4, US President Donald Trump spoke at a U.N. summit. This is his first speech since he returned to the White House. He pointed out that in the past few decades, countries such as China, South Korea, India, the European Union, Canada and Mexico have imposed higher tariffs than the U.S. For example, China's tariffs on U.S. goods are twice as high as the U.S.'s tariffs on Chinese goods. He will not allow this unfair trade to continue. In his speech, Trump announced that from April 2, the U.S. will impose tariffs on all countries. That is, if those countries impose how much, he will impose how much on them. Many analysts above, experts believe that the steps and counterattacks of the South China Sea may only challenge the Trump administration, and make Beijing fall into the cycle of difficulty and turmoil. Ladies and gentlemen, our video is over. Thank you for watching. See you in the next video.