The economic competition between China and the United States will see who can hold out to the end! The United States plans to increase interest rates to drive global dollar funds back to China, causing turmoil in China's real estate market, and then lower interest rates, using the dollar tidal effect to buy Chinese assets at low prices, completing a perfect harvest.

China's strategy is that it is difficult to maintain a 5% return on U.S. Treasury bonds in the long run. Even if the United States prints money at full speed, it cannot keep up with the growth of debt. Therefore, China intends to wait for the collapse of the U.S. bond market and attract dollar inflows through its own assets.

Whichever side collapses first, the other side may benefit from it in the long run. But the current situation is that neither China nor the United States has shown obvious signs of shaking. Instead, the European Union cannot withstand the pressure from China and the United States and has to cut interest rates first.