A report released by Renmin University’s Chongyang Institute for Financial Studies on May 29 said that China should be prepared for eventual military conflict with the U.S., in light of developments in Ukraine.
“To respond to U.S. President Joe Biden’s all-out competitive offensive, China should give up its illusions, and make every effort to guard against the possibility of a final showdown of high-intensity military confrontation,” the report said. “The conflict between Russia and Ukraine has exacerbated the strategic anxiety of the United States towards China. The United States has begun to accelerate the build-up of comprehensive strategic competition with China.”
At the same time, the report recommended that while adapting to the spike in bilateral tensions, China should also take the initiative to shape ties with the U.S. and seek “the possibility of cooperation between the two nations.” The report also underlined the danger of “decoupling” and the U.S. and its allies stopping high technology exports to China and reducing reliance on Chinese products.
“The Biden administration believes that competition is still the main axis of China-U.S. relations, and the tough U.S. stance towards China will not fundamentally change in a short period of time,” the report stated. It also encouraged moving forward in the development of its own Cross-Border Interbank Payment System, reported South China Morning Post, reprinted by Yahoo Sports today. (https://sports.yahoo.com/china-illusion-avoiding-us-rivalry-093000107.html)
