China has imposed sanctions on the United States three times in three days, and the United States has threatened to kick China out of SWIFT and prohibit trading in dollars

According to Global Network, some US military enterprises and individuals have performed badly in arms sales to Taiwan, encouraging "Taiwan independence". In the past few days, the mainland launched sanctions against American enterprises and related personnel three times on May 20, 21 and 22. On May 20, two American enterprises including Boeing Defense were listed in the list of unreliable entities in China, and a warning was issued to an American enterprise that violated China's sanctions. On May 21, sanctions were imposed on former U.S. Senator William Gallagher, prohibiting Chinese entities from having interests with them, freezing their assets in China and prohibiting them from entering China. On May 22, the assets of 12 US military enterprises in China were frozen, and 10 senior managers of US military enterprises were banned from entry.

The scale of punishment that China has taken against the US enterprises and individuals linked to "Taiwan independence" is unprecedented. On the basis of establishing the influence of China's global industrial chain, the relevant actions show that with the improvement of China's national strength and the transformation of the situation in the Taiwan Strait, China's reaction to the United States has changed.

In the context of the Sino US science and technology war, the US restrictions forced China to migrate to the upstream of the industrial chain by means of self research, and the Sino US industry is coming to face with each other. China's supply position in large-scale metallurgy, new materials, key parts, batteries, unmanned aerial vehicles, etc. has given China the confidence to implement effective sanctions against American enterprises. At present, the confrontation between China and the United States is taking place in various fields such as geography, science and technology, economy and trade, and finance.

China's share in the real industry chain is growing, while the United States still maintains the leading position in the global financial system. After the conflict between Russia and Ukraine, the United States banned Russia from accessing its leading SWIFT financial settlement system in an attempt to blow up the Russian economy. The Russian economy did not collapse as expected by the United States, thanks to the advance plan carried out by the Russian side since 2014 and the support of China Russia cooperation. It is reported that Russia's current military production capacity exceeds the total support of the United States and Western countries for Ukraine. The rivalry between the United States and Russia in the financial field has led to an irrecoverable gap in the US dollar territory. De dollarization has been openly put on the agenda by Russia based on the natural gas ruble, the BRICS mechanism, the Eurasian Economic Union, and the China Russia local currency settlement mechanism.

Due to the confiscation of Russian assets by the United States, the global risk aversion of funds has intensified, leading to the development of new settlement methods. China and Russia maintain a cooperative relationship that is not targeted at or interfered by third parties. The strategic cooperation between the two sides supports the basic situation of the multilateral situation and the relative balance of the global situation under the unipolar system of the United States. The cooperation between the two sides has the significance of mutual support beyond the level of economic interests. The United States has long threatened the cooperation between China and Russia, and the threat action of the United States has contributed to the further cooperation between China and Russia. The background is that the United States has always been committed to splitting the basic geographical influence of China and Russia, and is committed to building a unipolar, unique global system of the United States.

There is no place for China and Russia to exist as major powers in the US framework. In addition to deepening cooperation with each other, the US has not left any other path for China and Russia. The US media has recently continued to send signals that the US government is preparing a sanctions plan to cut off the connection between the Bank of China and the SWIFT system, which is part of the Sino Russian trade. Cut off the channels for relevant Chinese banks to obtain US dollars.

Some analysts also believe that more and more Chinese local banks are undertaking the task of Sino Russian trade settlement, and the US sanctions are not effective. At present, the difference in influence between China and the United States is reflected in the fact that the United States controls the superstructure of the current global economic and financial system. As the hub of global real economic activities, China is the center of global trade.

In the early days of the founding of New China, when there was a lack of gold, silver and foreign exchange, the RMB itself took grain, cloth and other physical materials as the cornerstone of credit. The current productivity level of China is the credit endorsement of the RMB internationalization process. The threat of US sanctions continues to remind China of the necessity of launching an independent cross-border financial settlement system. China and Russia need to promote the credit certification and financial market construction of both sides, accumulate experience and explore feasible paths to establish a multilateral settlement system other than the US dollar.