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May was a month of major events, Persia, Old Trump, and Old Putin all came to East China!
A dramatic scene unfolded at Beijing Capital Airport: two U.S. military C17 transport planes just landed, and nearby was an Iranian Mahan Air passenger plane—carrying Iran’s foreign minister on board. The C17s were there to pave the way for Trump, carrying “Army One” and encrypted command vehicles; the Iranian plane was just resuming its direct flight route from Tehran to Beijing. The U.S. and Iran in the same frame, Beijing became a subtle storm center.
Immediately afterward, U.S. and Russian leaders visited China one after another, but their attitudes were worlds apart: Trump hurriedly and unilaterally announced “coming on May 14,” while we have yet to give a firm confirmation; Putin only said “coming soon,” and plans to announce together with China—showing strategic tacit understanding to the fullest. One is urgent, the other steady; behind it all are their respective predicaments.
What does the U.S. want? Money. With $38 trillion in U.S. debt looming, with annual interest surpassing military spending, Trump’s visit is to ask China for “another push.” The problem is, after years of trade wars, most of the cards are nearly played out, and only core interests can be exchanged.
What does Russia want? Space. Completely locked out by Europe, turning eastward has become their only viable path. Putin’s visit is to ensure that China-Russia strategic interests do not conflict, and to find long-term positions in the Far East, Central Asia, and the Middle East.
The most genuine indicator of the trend is money: global capital is frantically selling off U.S. dollars and U.S. debt, rushing to buy RMB and Chinese government bonds. Middle Eastern sovereign funds are rapidly increasing their holdings in Chinese assets by hundreds of billions of dollars, raising their allocation to China from 5% to 15% or even 20%. Because they’ve realized— in this world of constant chaos, the Noah’s Ark that offers systemic security is only China.
At the moment when the C17 and Iranian plane appeared together, the pressure on China was not just for stability, but also for a new order after the storm.
Comment section: Both the U.S. and Russia are “looking east” at the same time—who do you think is more sincere?