By Jiahao Yuan

Since the last fiscal quarter, the United States has officially started to cut interest rates. This is not surprising, but the extent of the rate cut exceeded many expectations. Even so, the Federal Reserve, the central banking system of the US — colloquially referred to as “the Fed” — envisions four more rate cuts in 2025 and 2026. If this continues, it will likely negatively impact the US financial market and cause China’s currency, called the renminbi (renminbi), to strengthen in the long run. It is even possible that the US will be “harvested” by China in reverse.

Over the past half-century, due to its so-called advantages such as autocratic politics, the whole-nation system and unfair competition, China has developed rapidly in the fields of economy, science and technology. However, China’s bandit development logic over the years has also caused extreme dissatisfaction among most democratic countries in the world. This includes, most importantly, the US.

In 2018, under the impetus of President Donald Trump’s administration, Western........

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