741 Compromise

Sissay was really stunned.

With the formal filing of Hanhua's lawsuit in the local court, the Sino-US trade war around the construction of the Asayama wind farm has kicked off in full swing. Accompanied by Lin Zhenhua, Huang Gang met with the heads of the American Agricultural Association and other industrial associations, explained to them the Chinese government's attitude toward the issue of trade frictions, and said that if the US government insists on going its own way and wantonly interferes with the normal investment behavior of Chinese-funded enterprises in the United States, the Chinese government will have to take reciprocal countermeasures.

Associations with frequent trade with China were mobilized, and protest documents snowflakes flew to the Congress, the White House, the Commerce Department, and the Department of Energy. Lin Zhenhua disclosed to the media in a timely manner the investment, profits and other information of American wind turbine companies, which caused a public uproar for a while. The snarky TV commentators have launched their own talk shows, mocking the American wind turbine companies as a bunch of chicks who only know how to hide under the butts of hens, and have no ability other than to chirp.

Some liberal American economists have also spoken out, arguing that the US government's ban on the Assayama wind farm shows that US trade protectionism has reached the peak of history, which is a very dangerous move. What is more, they believe that if the US Government is allowed to meddle in economic affairs in such a crude way, the vitality of the entire US economy will be completely lost in the future, and the United States will be reduced to a country with a planned economy like the former Soviet Union.

WTO officials, who have also spoken out in a cautious manner, said that the US government's move could have an unpredictable impact on international trade, and that the WTO would remain seriously concerned about the matter.

Several members of Congress, who had close personal relations with Mr. Lin, proposed an impeachment case in the Diet against the ban on the Asayama wind farm, arguing that Sisai's signing of such a ban was an unconstitutional act that undermined some principles. This impeachment motion was supported by a considerable number of members of Congress, and even many Democratic members stood on the opposite side of Sissai and strongly condemned Sissy's perverse behavior.

Things have reached this point, and it is no longer something that Sisai alone can bear. Elites within the Democratic Party also began to put pressure on Sissay to take concrete measures. Eliminate adverse effects. After all, next year is another election year, and if this controversial matter is used by Republicans as a weapon to attack the Democratic Party, it will be a fatal blow to Sisay's re-election bid.

"Guys, do you think we should lift the ban on the Asayama wind farm?" Sisai asked his staff for advice in disgrace, and he completely lost the momentum of scolding Fang Xuan in the past. He is only in his 40s, and a lot of gray hair appears on the top of his head, and it is really not a human job to say that this president of the United States is really not a human job.

"Mr. President, I think we should stick to our original decision. There can be no compromise with the Chinese. Energy Minister Twin said. These days. Those wind turbine manufacturers are also frantically lobbying for the Ministry of Energy not to be hijacked by public opinion and to stand firm.

"Mr. Twin. Do you think we should cut off the interests of American agriculture for the sake of a few wind turbine companies? Ford retorted dismissively.

"Mr. Ford, I hope you understand. Clean energy is the future of the United States, and agriculture is just a primary industry. As an industrial power, we should occupy more markets in the field of new technologies, rather than maintaining a trade balance by selling agricultural products to developing countries. ”

Ford sneered: "Can your clean energy technology occupy more of the market?" The state has given so many subsidies to those wind turbine manufacturers, and in addition to spending a lot of money, what money have they invested in the technical research and development of wind turbines? When will the U.S. industry need to rely on this kind of indiscriminate means to maintain its competitiveness? ”…,

"Two gentlemen, you are off topic." Sisai hurried out to play the round. It was obviously the ban he signed the presidential decree forged, but Ford said that it was a means of indiscriminateness, which made him embarrassed.

"I hope that you can evaluate the pros and cons of maintaining or lifting the ban from the perspective of the country as a whole, and that you will not simply limit yourself to the areas under your jurisdiction." Sisai said.

"I just think about the country as a whole." Ford said that he had come prepared, and that he had said, "We have calculated." If we maintain the ban on the Asayama wind farm, it risks taking back no more than $1.5 billion from the U.S. wind turbine industry from the Chinese. But if the Chinese government retaliates, as they say, we will lose $4.5 billion in the market for agriculture alone. ”

"And that's not counting the impact that China could have if it were to reduce its holdings of U.S. Treasuries, just the depreciation of the dollar. It cost us no less than $10 billion. Finance Minister Gayna hastened to add. These days, he dreams of Chinese selling US Treasury bonds in the international market. Thinking of the consequences of the collapse of the credit of the US Treasury bonds, he was repeatedly awakened from his dreams, and his back was cold.

"However, this is only the immediate gains and losses." "You should look at the longer term, if we lose our competitiveness in industry, we're going to have a bigger trade deficit in the future, and the dollar will depreciate faster than it is now," Twin retorted. ”

"There are many ways to close the trade deficit, and as long as we can maintain a good trade relationship with China, we can reap hundreds of billions of dollars in returns from China's huge market alone," Ford said. ”

"Do you have any specific considerations about opening up the Chinese market?" Cissey asked Ford.

Ford said: "Yes, while Mr. Twin kept the Chinese out, my colleagues and I have been trying to negotiate with the Chinese and have achieved a number of very useful cooperation intentions. China, for example, currently has a severe energy shortage, and they want to be able to import more coal from the United States. ”

"Well, that's a good idea, our country has abundant coal resources, and the domestic demand for coal is not large. If coal exports can be increased, many new jobs should be created. Sisai thought to herself.

Ford continued: "Also, the Chinese are very interested in the few rare earth mines that the United States has mothballed, and they want the United States to restart these rare earth mines, and they are interested in importing more rare earth resources." ”

"Rare earths?" Mason, the president's policy adviser on the side, widened his eyes, "China itself is a big country of rare earths, and their rare earth reserves are much more than those of the United States, so why should they import rare earths from the United States?" ”

"It's the result of our efforts." "As far as we know, most of China's rare earth mines are located in densely populated areas. The cost of environmental protection in rare earth development is extremely high, resulting in high prices for their rare earths. And our rare earth mines are in the middle of nowhere, and at the same time we are more mechanized than them, and the price of rare earths is much lower than theirs. By exporting rare earths to China, we are able to effectively cover the trade deficit with China. ”

This set of rhetoric was actually taught to him by Lin Zhenhua. As a former angry youth, Lin Zhenhua has always been obsessed with China's export of rare earths. In recent years, China's foreign exchange reserves have been increasing, and rare earth exports have changed from the past to earn foreign exchange. It has become a mere fulfillment of international obligations.

It is said that the export of rare earths is an international obligation. It is because China's foreign exchange earnings from rare earth exports are almost insignificant compared with the income from the entire foreign trade, and China can suspend the export of rare earths at any time. But. Rare earths are important industrial raw materials, and if China completely stops exporting rare earths, some industries around the world will fall into the dilemma of raw material shortages. International trade is about mutual exchange. If China forcibly halts the export of rare earths regardless of the lives of other countries, it is tantamount to openly turning the other side of the world, which is an untrustworthy act in trade. …,

However, China is not the only country in the world with rare earth deposits, the United States is also a big rare earth country, but out of consideration for the protection of its own resources, the United States stopped the mining of rare earth mines as early as 10 years ago. If the U.S. can be forced to resume rare earth mining, China can reduce its supply on the international market. It is even possible to buy rare earths from the United States to ensure China's use. Lin Zhenhua has always believed that as long as it is a resource that can be bought from abroad, it should not be exploited by itself, and it is necessary to use up other people's resources first, and then slowly extract their own resources.

Lin Zhenhua even thought viciously if the United States was willing to open its mouth to sell rare earths. Then he persuaded the country to eat all these rare earths, encapsulate them in concrete, and sink them to the bottom of the Bohai Sea, just like some online novels say the Japanese did.

"This ......," Masson said, wondering whether he should oppose the export of mineral resources to China. Compared to the protection of mineral resources. What the United States needs more is to balance its trade deficit, because if it continues to maintain a high deficit. One day the dollar will be abandoned by the whole world.

Ignoring Masson's interruptions, Ford gushed: "I spoke with Mr. Lin Zhenhua of Hanhua Heavy Industries about this matter, and he said that if the United States is willing to restart the mothballed rare earth mines, his Hanhua Mining Company can provide investment." ”

"What else?" Sissay continued to ask, becoming more and more interested in Ford's words.

"The Chinese side has always hoped that we can lower the threshold for high-tech exports and transfer some high-tech products to China that have nothing to do with the military," Ford said. These products, which are in line with what Mr. Twin said, represent the power of the United States. ”

"That's absolutely not going to work, because it would weaken America's relative technological advantage." Masson Road.

Ford sneered again and said, "Guys, do you think our ban on high-tech exports to China is really effective?" I'll tell you, it's just a ridiculous piece of paper. Let me give you an example, have any of you ever heard of such a thing as a 'high-thrust electrodynamic vibration test platform'? ”

"I know." "This is an experimental equipment used to verify the reliability of products, especially for testing the reliability of launch vehicles, which belongs to both military and civilian high technology." ”

"You're right, in our list of banned products in China, we include the project of more than 9 tons of high-thrust electric vibration platform." Ford said.

Masson asked, "So what?" In order to prevent the Chinese from developing higher-end ballistic missiles, such a ban is necessary. ”

Ford said: "Very sorry, Mr. Masson, do you know that the Chinese have already broken through the technology of the 9-ton platform." A few years ago, American manufacturers were importing 16-ton thrust vibrating platforms from China, which we could not manufacture. The vibration platform used by the Chinese themselves is 50 tons of thrust, which is the largest thrust vibration platform in the world. In this case, we are still deceiving ourselves by embargoing 9 tons of platforms to China, don't you think it's a ridiculous thing? ”

"Is that so?" Sisai looked at Masson and asked.

"Uh......" Marson muttered. He vaguely remembered that he had heard someone talk about it, and he heard Ford say it clearly, so he didn't think it was a lie. He replied sneeringly, "I think that Mr. Ford may have a more accurate information." To be honest, this is something that the military considers, and I have not paid attention to it all along. ”

Ford said emotionally: "The high-tech embargo would no longer be able to contain China's technological progress, if we could have done so 10 years ago." Maybe there are some effects. It's a pity. The United States missed 10 years, and we won the war in Iraq and the war in Afghanistan. But we lost the position of a global industrial power. In the past 10 years, the Chinese have obtained the qualifications to talk to us on an equal footing, and it is no longer possible for us to point fingers at them as we did in the past. ”…,

As an American. Watching the decline of the United States, Ford is still very sad. But for this situation, he can only mourn his misfortune and be angry with it. He knows that politicians in the United States are all about how to please their voters, and what the people want is to work less and spend more, even if they are overdrawn for the future. In the United States, it is the financial conglomerates, not the manufacturing conglomerates, that control the lifeblood of the entire economy. Financial tycoons don't know what technology is, and they love to play games that make money.

In such an environment. It is unrealistic to expect the United States to compete with China in the industrial field. It would be better to simply abandon the idea of competition and accept China as a member of the dialogue on an equal footing, as Lin Zhenhua suggested. If you think about it carefully, the United States still has a lot of advantages, and it has a lot of land and resources, whether it is agricultural products or mineral products. It is very attractive to China, and by selling these primary products, it is enough for Americans to eat and drink spicy.

In addition, the United States also has a lot of high technology, and the so-called emaciated camel is bigger than a horse. Although China has made rapid progress in recent years, there is still a certain gap compared with the United States. U.S. high technology is in the hands of U.S. companies. It cannot be transformed into economic benefits, but if it is taken in the form of cooperation with Chinese enterprises, it is completely possible to achieve a win-win situation. Why not do such a good thing?

As for how the United States will maintain its prosperity after all the high technology of the past is exhausted, I am afraid that it will be at least 20 years from now. A Chinese sage once said that these troubles should be solved by future generations, and that the wisdom of future generations is higher than that of today.

Gaynner, who was also inspired by Ford, added: "China has also been looking to have broader cooperation with the U.S. in the financial sector, where the banking sector is well-funded but lacks great talent in finance, whereas the U.S. has a lot of financial talent." Therefore, the space for cooperation between the two sides is very broad. I think it's better to have more cooperation than a trade war with China. ”

"I think it's also a very good idea to develop the education industry." Masson was afraid that he would be despised by others, and quickly threw out an idea, "As far as I know, Chinese attach great importance to education, and many Chinese parents are willing to pay a lot of money to send their children to study abroad."

The UK has done a very good job of this, and they have developed a number of study abroad programs that generate billions of pounds of revenue every year just by accepting Chinese students. We have a lot more universities in the United States than in the United Kingdom, and if we can expand the number of Chinese students we enroll, I think it would be easy to earn $10 billion a year just by that. ”

Everyone, you said a word, so that Sisai was completely dizzy, and when everyone finally stopped, he let out a long sigh and said: "So, you all think that we can't defeat China in industry?" ”

"At least in some areas of industry." The crowd replied very implicitly, although what they were actually trying to say was that the United States was no longer competitive in all areas of industry.

"In that case, let's notify CFIUS and lift the ban on the Asagama Wind Farm." Sisai said gloomily.

As the group left the president's office, Sisai sat limply in his large circle chair, thinking about his former ambitions, and his heart was full of sadness. He didn't know how things had come to this point, could it be that the incomparably powerful United States in his impression was just an illusion?

The secretary quietly walked in, put the day's newspaper and some important periodicals on Sisai's desk, and withdrew.

Sisai looked up and saw that at the top of the pile of publications, it was a copy of "Hanhe Industrial Review". On the cover of this magazine, a rusty fan is printed, and the following headline reads:

"Assayan Wind Farm: The Waterloo of China's Industry!" 》

β€œshit!” Sisai, who had always been gentle in front of people, couldn't help but curse loudly. He used to be the favorite to read Ping Tuzi's essays about China's collapse, but this time, he found such a standard to be a great irony. In Ping Tuzi's article, China has been collapsing all the time, but it is such a China that has collapsed for 10 years that has squeezed the United States to the point where there is no room for maneuver.

"Damn the collapse of China! How many more years are you going to mislead the United States! ”

Sisai grabbed the Hanhe Industrial Review and slammed it against the wall.