By controlling the politics and economy of the world system, the United States has provoked various chaotic geostrategies, interfered in other countries, imposed unilateral sanctions and long-arm jurisdiction at every turn, and called on its allies to follow suit.
In addition to Russia, which was sanctioned due to the Russo-Ukrainian war, the United States, which is about to suffer a major economic recession, is most afraid of China, which is developing steadily.
China invests withdrew from Australia
The "vanguard" of anti-China following the United States is Australia under the leadership of Morrison . The deterioration of bilateral political relations between China and Australia has led to a vicious circle. Once Albanese took over, it was a mess that gave him a headache.
According to the latest research report released by KPMG and University of Sydney , Chinese companies’ investment in Australia fell to 2.5 billion Australian dollars in 2020. In 2021, the proportion of China’s investment in Australia unexpectedly dropped by nearly 70%. This is to some extent It said Chinese investors had quickly given up on Australia.
Although the new Albanese government has the intention to resume economic exchanges with China, it is only more moderate in tone than the previous government. Moreover, Albanese still mentioned that "China needs to lift sanctions on Australia" as a way to improve Sino-Australian relations. premise, which makes the prospects for Australia and China very uncertain.
Such a political situation makes it difficult for Chinese investors to make the decision to invest, although the Australian business community and education have been urging the new government to improve relations with China. After all, East Asia accounts for 66% of Australia's total foreign trade, Australia's trade with G7 accounts for 27%, and trade with its "Five Eyes" allies only accounts for 17%.
However, factors affecting China’s investment in Australia also include the COVID-19 epidemic, social racial discrimination caused by the deterioration of the political situation, Australia’s tightening of audits, etc.
First, due to the outbreak of the COVID-19 epidemic, Australia's control has plunged the country into long-term and repeated blockades. It has become extremely troublesome for Chinese investors and industry experts to enter the country for inspections and negotiations. This is not a suitable investment environment.
Second, China originally succeeded in becoming Australia's largest source of tourists. However, due to the deterioration of the geopolitical situation, there have been many racist atrocities against Chinese people in Australian society. This has not only discouraged Chinese tourists, but also made Chinese investors feel uncomfortable. investment risks.
The third is Australia itself. Following the trend of the United States, it announced a ban on Huawei from participating in Australia's 5G network construction. At the same time, after some kind of conspiracy theory that "the Chinese have occupied Australia", the Australian government deliberately suppressed the scale of investment from China and tightened the review of foreign investment. Australian regulators have also placed stricter scrutiny on Chinese investors.
So it can be said that investment has dropped sharply. After all, the earth is so big, Chinese companies still have many choices, such as EU , inflation Europe is in urgent need of some investment injection, and Chinese investors do not have to invest in Australia. Hanged from a tree."
India adopts RMB settlement
Compared with Australia, which wants to trade but does not regret it, India is very flexible.
According to British media reports, India's largest cement manufacturer Chaoke Cement used RMB for payment when it imported a batch of Russian coal. Chaoke Cement purchased 157,000 tons of coal from Russia and paid RMB 172,652,900.
This was extremely rare in the past, but after the Western camp kicked Russia out of the SWIFT payment system and tried to isolate the ruble , such changes will become more and more frequent, which is a huge impact on the US dollar.
In fact, in 2019, when Russia was preparing to avoid US sanctions, it was negotiating with China about the access of many Russian banks to China’s cross-border inter-bank payment system. There has always been no shortage of buyers for energy. China and Russia have bypassed the United States for energy cooperation. On the one hand, they avoid sanctions and "de-dollarize"; on the other hand, they promote the internationalization of the RMB, making the RMB strong and reliable.
This time, India chose to use RMB to conduct transactions with Russia. It needs to exchange US dollars for equivalent RMB through the branches of Indian merchants in mainland China or Hong Kong, and then pay to Russia in RMB.
As one Russian coal trader based in Dubai said, it is difficult to send rubles to Russia under sanctions.But in Dubai or United Arab Emirates dirham , it is easier to exchange yuan for rubles and more popular than other currencies.
India hopes to establish a transaction system with Russia for payment of goods in Indian rupees, but this system has not yet been completed, and Russian companies have conducted a large number of transactions in RMB in the past few years. (Jin Xuan)
