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by refurb
928 days ago
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I think the intention was clear? To have the US back down. China wants to be the dominant power in Asia. It despises the US alliance (Japan, South Korea, Philippines, Taiwan, Vietnam, Indonesia, Malaysia, Australia) that projects force along the entire Pacific Rim. However, much of China's growth is dependent on trade with the US and its allies. So it's in a bit of a pickle. Xi thought China could win the political battle without losing the economic one. He assumed the alliance would split apart, and the US would be forced to back down. At that point China would be free to project it's power across most of Asia without interference from the West. Whether that's taking back Taiwan, or at least the entirety of the nine-dash line islands. The US or any other foreign vessel couldn't transit the South China sea without the OK from China. He tried to pick off the members of the alliance one by one (the trade battle with Australia is a great example), but failed. Eventually the US and other nations said "enough is enough" and instituted sanctions on China. In addition private companies decided the political uncertainty was too high a risk. Combine that with the demographic bomb the country is facing, the debt-bomb from Chinese real estate and Xi realized he lost his gamble. The Chinese economy couldn't survive long enough under sanctions for China to win the political battle. But to be honest, he burned too many bridges. The Chinese economy is struggling. The embargo on technology is going to hurt China way more than it hurts the West. He came to San Francisco in hopes of repairing enough of the relationship as to not entirely sink the Chinese economy. |
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To the topic of ‘Wolf Warriors’, the policy dropped as early as May 2021 so it's highly possible that the change itself is not economic related (https://thediplomat.com/2022/01/is-china-putting-wolf-warrio...). The targeted audience (of the foreign policy) may not be the West, but global south. There is a paper (I'm too lazy to find the link) claim that the ‘Wolf Warriors’ rhetoric used by China's diplomats in non-west country doesn't change much.
If you are intrested in the changes under Xi, Kevin Rudd has a series of deep analysis: https://viet-studies.net/kinhte/WorldAccordingtoXi_FA.pdf. Generally China's decision making process doesn't care too much about winning or competing or any particular goal especially in short term. They are based on long-term analisys of "what will happen inevitably" and back track from that conclusion. Many of these decisions make no sense from West's perspective under a cost-benefit analysis.