Thread by @iamarpan_m

"Chinese Virus" as Donald Trump acclaims during his press confrences from the white house has increased the ever chance of having a 'COLD-WAR II' which is as invisible as the virus we all are suffering today, and till when, nobody actually knows.

There were tensions bulging up between USA and China from 2018, when Trump suddenly woke up to knowing the unfair trade practises which china has been following. This was mostly motivated because of the agrarian sector of USA was worst hit due to China's tarrif policies.

Agricultural exports from the US to China decreased from $24 billion in 2014 to $9.1 billion in 2018. The U.S. Department of Commerce stated that in 2018 the U.S. trade deficit reached $621 billion which is largest worldwide. This was also seen for other sectors.

This also somewhere led the worldwide growth to have a halt, as global economic growth forecast for 2019 was pegged at 3.3% which was at 3.6% in the later year. This has caused a great demotivation for the investors and the current situiations makes a loss of US$8.8 trillion.

There have been so many developments since Donald Trump sees himself trapped between COVID 19 and the elections for President in USA later in the year 2020. These developments leads a path very similar to how MODI did in 2019, under the banner of NATIONALISM.

Now, as we have seen the POTUS woken up to what China is doing to world, let us take ourselves back at where it all started, and the main cause of this dependence of world over China is somewhere through the hands of USA itself.

The dominance of CHINA was not what we see today, before 2001, the average per capita income back then was lesser than 2000$ to having being reached at 12,500$. This is the highest jump to have ever happened in a tenure of 30 years.

This is the same in case for its GDP, it has also seen a substantial rise, to becoming the 2nd largest economy behind USA in nominal terms and the biggest economy at PPP. This is an unprecedented increase.
The future projections show China taking over USA latest by 2035.

This all started in 2001, when on 11 December it was finally decided that China will come into WTO as soon as the USA was the signatory.
This all started back in 1986 when china submitted a formal request in July that year to get a seat in GATT(General Agreement on Trade &Tarrif)

The 1986 request of China was being taken down majorly due to two reasons, first were the protest of tiananmen square in 1989, whose tensions were flaring up in the middle years, this made world sceptical of china and its involvement in GATT.

In the year 1947, 23 countries post WW II came out with the idea of WTO, amd this was achieved in form of GATT later turned to WTO in 1995 with 123 signatories.
China being communist was eyeing towards expansion, being rejected at GATT, they send another request.

This time the request came for WTO, this was rejected by USA yet again, but soon, there was a bombing on chinese embassy in Serbia which was done by USA, although later stated as fault of co-ordinates by the director of CIA. 3 chinese journalist were killed in the attacks.

This made a flare in China of being too kind to USA, also USA now kept itself busy in keeping a good relation, realising their mistake and amid international pressure. This saw chinese premier visit USA, but advised by the POTUS's advisors, the premier went back bare handed.

Later, realising the mistakes, pressure from the American buisness elite and the confidence of the power of USA, achina was accented into WTO, as USA signed and came into deal with China in DOHA dated in September of 1999, although rejected just 6 months ago.

This was a topsy-turvy turn into the economic corridor of just not China, but the whole world which would, in just a matter of 30 years would be so dependent on a country that would be a centre of world's 15% and whose GDP's 40% would depend upon exports made.T

Today, all the sectors of the possible in am economy, have increased in China at am average of 25% with some services amd automobile industry at a pace of 35%. This has made the world so dependent on China most as ever, the recent example pf USA & India unable to fulfill

its medical supplies without the exports from China.
Today, USA is not able to even produce basic anti-biotics as all of it comes from China.
The FDI, or in other words, Forex reserves of China are 3 fold more than the country second to it.

This has now made China look outwards than just inwards, we all are familiar with Belt & Road initiative of China, this is just not a multi trillion $ project, but a debt trap in which the LDC (Least Developed Countries) are falling at a very fast pace
A plan for POOREST of POOR

China plans to invest around 3-4 US$ trillion to remap the once existing silk route but with a very different aim.
Today countries like Pakistan, Sri Lanka, Uzbekistan, Burma are in such a debt which they canot pay back, hence their land is being taken on lease and made Chinese.

With a specific strategy in place, China is mostly eyeing LDC's, Monarchy or the ones with the supreme leaders and also the countries who are non-democratic and are totally infused in corruption such that it makes sure that they can never pay back the money by China to them.

Today, 7 out of the 10 biggest construction companies belong to China.
Pakistan under CPEC (China Pakistan Economic Corridor) remains the most vulnarable because of its presence in Gilgit-Baltistan region, acclaimed by India to be its territory.

The world has been hit hard by the COVID 19, there are many countries askimg question to China and eyeing exit of their manufacturing units from China, its feasibility seems possible, but as India lacks the infrastructure for any big boon through this, where is the end point ?

A certainiety has although been achieved that the world remains too dependent on one nation, this needs a change as fast as possible.
Maybe one day, it is "MADE AND MANUFACTURED IN INDIA" 🇮🇳

Fun Fact:
China has never ever fulfilled all the T&C's which it accepted in 1999, as a part of agrement with USA and majorly being Tarrif policies.
Still a developing country, it takes all the possible favours from WTO, yet not an open market as of themselves.
IRONICAL SUPERPOWER