USA-in China nena an economic war an neih khan eng nge a rah chhuah?

(Oriental Finance Magazine official account atanga tihchhuah leh a ni a, Hong Kong Journal Media Association vice chairman Yan Ansheng-a ziah a ni.)

Kum 2025 atang khan Sino-US sumdawnna indona chu a zual zel a, tariff, technology leh industrial chain lama game-ah hian multi-dimensional confrontation trend a awm ta a ni. Ram pahnihte hian hmun pawimawh tak tak, semiconductor, energy thar lirthei, leh agriculture-ah te inkahhai nasa tak an nei a ni. April 2, 2025 khan US sorkar chuan China bungrua US-a thawnchhuahah "reciprocal tariff" a siam tur thu a puang a, chhiah rate chu 34% a ni. Kum 2018 aṭanga 20% tariff nen khaikhin chuan comprehensive tax rate chu 54% a tling. China hi a tha vak lo. April 4 khan China chuan rang takin "34% to 34%" reciprocal tariff policy a siam a, United States aṭanga thil lakluh zawng zawngah 34% tariff a siam a, hei hian agriculture product, energy, automobile leh field dangte a huam a ni. Hetih rual hian China chuan US entity 16 chu export control list-ah a dah tel a, an hnena dual-use thil thawnchhuah khap a ni a; leh company 11 chu unreliable entity list-ah a telh a, China nena import leh export lama hmalakna an neih khap a ni. Hei bakah hian China chuan US company 6 te chu China rama agricultural products export qualification a titawp a, rare earth nena inzawm thil medium leh heavy te export control a kalpui bawk.

Sino-US insumdawn tawnna round hnuhnung ber atang hian China-in a do let dan chu a chak chho zel tih kan hmu thei a ni. Chuti a nih chuan, a tawpah chuan Sino-US economic war-ah hian tuin nge hnehna chang ang? Kum 2018 aṭanga Sino-US economic competition thlirletna hmanga thutlukna siam chu thil harsa a ni lo.

Sumdawnna indona hian United States-ah eng chen nge nghawng a neih?

Kum 2018 khan Trump administration, chutih laia US president chuan China lakah sumdawnna indona a kalpui a, Biden administration hunlai khan a na zual hle. Mahse, kum sarih a liam hnuah United States chuan a beisei ang a hlen chhuak thei lo mai ni lovin, hlohna nasa tak a tawk a, harsatna a tawk a, a hnute saruak a pholang bawk. US sumdawnna indona hian China tan chhiatna a nei tlem hle a, mahse United States ngei pawh hian American-te beisei aia nasain a tichhe nasa hle a, hei hi a bik takin a hnuaia mite hian a lang chiang hle.

Pakhatnaah chuan American politician-te hian rilru lama harsatna an tawk a, hei hi a hmaa a la awm ngai loh a ni. Sumdawnna indona chhung zawng khan China ram pawn lama insumdawn tawnna hi a pumpuiah a tha chho zel a, indona a tam poh leh a chak zawk tih pawh sawi theih a ni. Trade war-in export-a a nghawng hmasak ber tih loh chu China ram foreign trade stabilization policy hian hun rei lote chhungin hmun a chang a ni. RCEP, Belt and Road Initiative, leh BRICS ram te ang platform leh mechanism te nena thawhhona leh inthlengna tihchakna hmangin China chuan United States nena sumdawnna tihtlem kawngah inthlauhna chu rang takin a siam tha a, kawng zawng zawngah hma a sawn zel a, kum tin ramdang sumdawnna chu a pung zel a ni. Official data-in a tarlan danin, kum 2024-ah China hian Yuan tluklehdingawn 25 a tling dawn a, a trade surplus pawh US dollar tluklehdingawn 1 a pel dawn a, hei hi China-in a thawnchhuah zingah a lian ber mai bakah khawvela sumdawnna lama a lian ber a ni. He sumdawnna indonaah hian kawng khatah chuan American-te chuan China ram pawn lama sumdawnna share-a an dinhmun chu a tlahniam chak hle tih an hmu a. Kawng lehlamah chuan China ram pawn lama sumdawnna a lo thang chak hle tih an hmuh chuan American politician-te chu an buai hle a, rilru lama lungkhamna leh vuakna an tawrh chu a la awm ngai lo.

Pahnihnaah chuan, United States-a inflation rate chu pull up a nih avangin tihhniam a harsa a, hei hian American mipuite tan harsatna nasa tak a thlen a ni. Trump leh a thlaktu Biden-a'n China laka sumdawnna indona an kalpui hi US-a industrial substitution awm loh vang a ni. China thil siam thlak danglam theihna turin Mexico, India, Vietnam leh ram dangte siam leh siamchhuah chu United States chuan nasa takin thlawp mah se, heng ramtea thil siam chhuahna industry-a thil pawimawh ber berte hi China industrial chain supply-ah a innghat nasa hle a ni. Dik tak chuan India, Vietnam leh Mexico-a import thlak danglam tura United States beiseina chu nasa takin a chhut dik lo a ni. America-in sumdawnna indona a kalpui mek hian China industrial chain hi nasa takin a nghawng lo. Chutih rualin, United States-in China thil lakluh aṭanga direct leh indirect-a chhiah a lak chu a bul berah chuan American consumer-te hnenah a pe chhuak a, United States-a inflation sang chhan ber pakhat a ni ta a ni. Trump administration-in China laka insumdawn tawnna indona a kalpui hnuah, a bik takin COVID-19 hri leng a lo chhuah atang khan US-a inflation rate a sang chho zel a, engkim hi a man a to chho zel a ni. US sorkar chuan interest rate sang tak ang chi containment measures extreme tak tak nei mah se, inflation rate hian control target a thleng ngai lo. American mipuite chu nasa takin an phunnawi a, US sorkar laka puhna leh tihduhdahna chi hrang hrang chu tawp chin a awm lo. He result hi US sorkar beisei a ni lo.

Pathumnaah chuan US industrial chain chak lohna chu a lang chhuak a, thil siamchhuahna industry tlin lohnate chu a chak lo zual sauh a ni. US sorkarin sumdawnna indona a kalpui chhan pakhat chu United States-a thil siamchhuahna lama hip leh a, US thil siamchhuahna industry tihchak leh a ni. Mahse, a kalh zawngin a thleng ta a ni. United States-in sumdawnna indona a kalpui aṭanga kum sarih dawn chhunga a rah chhuah aṭanga thlir chuan, thil siam chhuahna industry chu United States-ah a kir leh tawh lo mai ni lovin, United States-a industry chain hmasa ber pawh a buai hle. A tir lama American company-te siam, global industrial chain division system ṭha tak chu tihbuai a ni. Supplier dang zawn hi hun a duh rei hle a, original supply chain quality leh cost-effectiveness chu a thleng thei lo. Chubakah, sumdawnna indonain a thlen rinhlelhna hian American company tam tak chu investment leh expansion ang chi thutlukna siam kawngah pawh a ti hreh hle a, hei hian hun rei tak chhunga industrial chain hmasawnna nghet tak a nghawng a ni. Entirnan, American company tam tak chuan China atanga thil lakluh hi raw materials, parts, etc. atan an innghat nasa hle a, entirnan electronics industry hi han la ila. China ram hi electronic component tam tak siamtu ber a ni. Sumdawnna indona hian American company inzawmte tan supply nghet tak hmuh a ti harsa a, sum senso a tisang a, production hmasawnna a tibuai bawk. Entirnan, Apple hian component supply tlakchhamna a tawk mek a ni. Sumdawnna indona hian United States-a domestic manufacturing company-te lakluh a tikhawtlai a, hei hian sumdawnna indona karah US manufacturing industry a hollowing out tih a tilang lehzual a ni.

Palinaah chuan, United States chuan China nena inbiaknaah a bargaining chips zawng zawng a hloh vek a, passive a ni chho ta hle a ni. Kum 2001-a China-in WTO a zawm aṭang khan United States chuan Sino-US insumdawn tawnnaa inthlauhna an tih chu China hrekna siam nan a hmang fo a, China chu kawng tam takah inremna siamin inremna siam a ngai a, RMB ngaihhlutna phut leh China-in sum lama harsatna a tawh aṭanga US ṭanpui tura a ngen hial a ni. Mahse, tun hma chuan US hrekna hi a ri nasa hle a, mahse a hlawhtling lo hle a, hrekna tak tak pawh a tlem a, China atanga United States-in hlawkna a hmuh chu a nasa hle. Mahse, kum 2018 khan Trump administration chuan US sorkar fig leaf chu a phelh vek a, China lakah hian a hmaa a la awm ngai loh extreme trade pressure measures a la a, sumdawnna hmanga China industry hmasawnna tihtawp tumin hma a la a ni. Trade war hnuah Trump administration leh a thlaktu Biden administration pawhin China lakah technology war leh financial war an nei a, khawvel hmun hrang hranga Chinese technology company te chu an zui a, an lo dang bawk. Tun thleng hian China laka United States-in containment strategy a hman chu fimkhur lo tak niin sawi theih a ni a, trump card pawh khelh chhuah a ni tawh. Bargaining chip a awm tawh lo. A tawpah chuan US-in China laka attack leh harm measures a tih theih awmchhun chu public opinion smear leh demonization a ni a, mahse China visa-free policy hmangin pakhat hnu pakhatin a chinfel bawk. Tunah chuan kum sarih chuang zet sumdawnna indona, technology indona, sum leh pai lama indona leh mipui ngaihdan indona a neih hnuah, US sorkar chuan China hmachhawn hunah proactive aṭanga passive-ah a kal tawh tih a hmuchhuak nghal a ni.

Technology indona hian United States-ah eng chen nge nghawng a neih?

Kum 2018 khan US sorkarin China laka sumdawnna indona a kalpui hnuah technology war a kalpui nghal a, a ṭangrual ramte nen tangkawpin khawvel puma Chinese technology company-te chu an dang a ni. United States-in China laka technology indona a kalpui hi kum ruk chuang zet a la ni a, a pung zel a, mahse China technology lama hmasawnna chakna chu a tawp lo a, mahse a chak chho zel a, a chak chho zel a ni. Chu ai chuan, United States-in a siam chhuah technology ngei pawh hian nasa takin a nghawng a ni.

Pakhatnaah chuan, United States-in technology lama hmasawnna a neih chu a tlahniam ta a ni. United States-in China laka blockade a kalpui avang hian ram pahnihte hi science leh technology lamah inbiakpawhna an nei thei lo. Khawthlang lamah chuan China sorkar leh enterprise-te thil thar leh entrepreneurship lama theihna a tichak a, China-in technological innovation kawngah kawng engkimah hmasawnna ropui tak a nei bawk. A lehlamah chuan China-in technology lama hmasawnna chak tak a neih mek avangin United States chu a hloh mek a ni. Kum 20 kalta khan United States hian China aiin technology lama hmasawnna zawng zawng deuhthaw a nei a, mahse tunlai hian China hian technological innovation field tam zawkah United States chu a phak lo hle a, a phak lo hle bawk. Tunah pawh hian high-end sporadic field tlemte tih loh chu United States hian a thatna a la vawng reng a, a dang zawng zawng deuhthaw chu Chinese technology-in a inzawm tlat a ni. High-speed rail, lawng siamna, electric, leh energy thar hmanga lirthei siamna kawngah te hian China nen tehkhin theih a ni lo mai ni lovin, khawvela United States chhuanawm ber aerospace field-ah pawh China hian a phak lo hle. United States-in hma a hruai fo tawhna chip field-ah chuan, high-end chip tlemte, advantage la nei tih loh chu, mid- leh low-end chip industry leh market dangte chu China-in a thunun tawh mai. Kum sawm tam tak chhung robot ui siam chhuak tawh Boston Dynamics pawh hi China Yushu Technology chuan a phak lo nghal vek a ni. China leh United States te hian artificial intelligence lamah tug-of-war an nei mek a, mahse DeepSeek a lo chhuah tak avangin China tan chuan boruak hi a tha zual zel a ni.

Pahnihnaah chuan, United States-a scientific leh technological talent hloh chu a langsar zual zel a ni. Kan hriat vek angin, United States hausakna chhan chu kum 100 kalta chhung khan United States chu khawvel pum huapa talent melting pot a nih vang a ni. Khawvel hmun hrang hrang atanga talent nei tha tak takte chu United States-ah an pem lut a, American science leh technology hmasawnna kawngah nasa takin an thawhhlawk hle. Chung zingah chuan Chinese zirlai, Chinese-American scientist leh Chinese-American technical researcher te chu an ti tha ber a, American science and technology army hmahruaitu an ni. Mahse, tun hnai kum engemaw zat chhung khan United States-ah hian politics lama inhnialna a zual zel a, khawtlang nun chu nasa takin a inthen darh a, chi inthliarna pawh a zual sauh sauh a ni. A bik takin, Chinese background mi, Chinese zirlai, Chinese leh Chinese-American researcher te pawhin United States-ah hian inthliarna an tawk nasa hle. Chubakah, China leh United States inkara scientific leh technological exchange channel tihtawp tumin American politician-te chuan American technology China rama thawnchhuah chu an khap mai bakah China leh United States inkara talent inthlengna pawh an khap tlat a ni. US sorkar chuan Chinese background nei Chinese zirlai, Chinese leh Chinese-American scientist leh engineer-te chu a bik takin a titawp a, a tiduhdah bawk a, an promotion channel a block mai bakah US sorkar leh enterprise-a dinhmun pawimawh tak tak chelh turin a khap mai bakah, United States-a an zirlai leh hnathawh theihna tur pawh a tikhawtlai bawk. Science leh engineering major thenkhat chuan Chinese background nei zirlai te chu chiang takin an zir khap a, scientific research leh technical position leh institution pawimawh tak tak tam tak chu Chinese zirlai leh Chinese leh Chinese-American te tan hawn a ni lo. Chinese zirlai leh Chinese leh Chinese-American-te chu United States-a an zirna, hnathawh leh nunphungah an buai zual sauh sauh a ni. Tun hnaiah Chinese zirlai leh Chinese leh Chinese-American scientist leh technical personnel tam zawk chuan United States chhuahsan a, khawvel hmun hrang hranga kal an thlang ta a ni. Chung zingah chuan scientist thenkhat chuan an nu ram rawngbawl tura China rama kir leh chu an thlang ta a ni. Entirnan, Shanghai Advanced Micro-Semiconductor Equipment Co., Ltd. chairman leh president Professor Yin Zhiyao, kum 2004-a China rama sumdawnna bul tan tura lo kir leh chuan vawi khat chu kum 40 kalta chhung khan United States-in internationally advanced semiconductor equipment chi 10 tal a siam chhuak tawh a, chung zinga 70% atanga 80% chu Chinese zirlaiten an siam a ni a, 80% chu Chinese zirlaiten an siam chhuak a ni, a ti Heng talent nei zinga 90% chu China ramah lo kir lehin kawng hrang hrangah hmun pawimawh tak an chang tawh a ni. Sakeibaknei pumpui thlirletna, Chairman Yin Zhiyao-a entirnan a tarlan hian United States-a talent hloh dinhmun a tarlang mai a ni. United States-a Stanford University data atanga a lan danin kum 2010 leh 2021 inkar khan Chinese scientist United States chhuahsan zat chu 900 aṭangin 2,621-ah a pung chho zel a, US media-te survey-ah chuan Chinese scientist 1,300 chuang zingah 61% chuan United States chhuahsan an la duh a ni. Data atanga a lan dan chuan khawvela scientist lar ber ber zingah United States la nei tam ber mah se, a zat chu a chhe zual zel a, khawvela scientist sang ber China ta zat hian United States a phak lo hle.

Pathumnaah chuan US technology industry hi US sorkarin nasa takin a tikhawtlai a ni. US-in China laka technology war a neih hma khan China leh US inkara chip field-a hnathawh insem dan chu a chiang hle a, chu chu US-in chip product design leh siam chhuah hna a thawk a, US chip industry tan khawvela consumer market lian ber China hian a pe a ni. Mahse, US-in China laka technology war a kalpui khan he pattern hi a titawp ta a ni. China chip industry hmasawnna tur venna atan US chuan courtyard te tak te, bang sang tak siam te, China rama chip sang tak tak thawnchhuah khap te ang chi hmalakna a kalpui a ni. He hmalakna hian China chu chip field-a thawkrim, mahni inrintawkna leh mahni inrintawkna nei turin a nawr mai bakah, China consumer market lian tak chu US chip industry nen a inthen darh vek a, US chip company-te chuan China consumer market-a thawkrim mai loh chu engmah an nei tawh lo. US chip company-te hian China technology hmahruaitu chip hmasawn tak tak nei mah se, Chinese market-a customer an neih tlem avangin, United States-a advanced chip an tihte hian hlawkna an hloh tawh a, decoration-ah chauh an chang thei a ni. United States-in China laka technological war a kalpui hnuah, China technology industry, chip industry aiawhtu chuan hliam na tak a tuar lo mai ni lovin, a chak lehzual a, a chak chho zel bawk. China-in level zawng zawngah, medium, high leh low-ah te self-produced chips a siam hian domestic market demand nasa takin a phuhruk mai bakah kum khata export-ah nasa takin a pung bawk. Kum 2024 khan China-in chip a thawnchhuah hian Yuan tluklehdingawn khat a pel a, hei hian khawvel mak a ti hle. Chu ai chuan, United States-a chip industry leh chip siamtu engemaw zat hlawkna chu nasa takin a tlahniam a, hlohna nasa tak an tawk a, hmasawnna chakna pawh an nei lo. Data atanga a lan danin, United States-a chip company lar tak Intel hian kum 2023 chhung khan kum khat chhungin US dollar tluklehdingawn 54.228 zet a lalut a, kum hmasa aiin 14.00% zetin a tlahniam a, net profit pawh US dollar tluklehdingawn 1.689 a ni a, kum hmasa aiin 78.92% zetin a tlahniam bawk. Kum 2024 quarter hnihnaah khan Intel sum lakluh chu US dollar tluklehdingawn 12.833 a ni a, kum hmasa aiin 0.90% zetin a tlahniam a; a hloh zat chu US dollar tluklehdingawn 1.610 a ni a, kum 2023 chhunga a hlawkna US dollar tluklehdingawn 1.5 nen a danglam hle a, kum 2024 quarter thumnaah Intel sum lakluh chu US dollar tluklehdingawn 13.284 a ni a, kum hmasa aiin 6.17%-in a tlahniam a a hloh zat chu US dollar tluklehdingawn 16.639 a ni a, kum hmasa aiin 5702.36% zetin a tlahniam. Entirnan, United States-a chip siamtu dang Qualcomm chuan a bul berah chuan kum 2023 tir lam khan China market a hloh a, hei hi United States-in chip export khapna a tihpun vang a ni a, China hi a sum lakluh 60% aia tam a hmuhna a ni. Kum 2023 quarter hnihnaah Qualcomm net profit chu kum hmasa aiin 52% zetin a tlahniam a, tun hnaiah a tlahniam ber ṭum a ni. Intel leh Qualcomm pawh hetiang hi a ni a, Nvidia leh AMD pawh hi chutiang bawk chu an ni. Tunah hian US chip industry zawng zawng microcosm an ni. US sorkarin technology indona a kalpui avangin Chinese market-ah an hloh a, chu chuan hlawkna an hmuhna leh hmasawnna nasa zawk neih theihna tura chêttîrna an hloh ta a ni. US-in China laka technology indona a kalpui hian China tan chhiatna a thlen tlem hle a, mahse American technology company-te tana trauma a thlen dan chu mitin hmuh theih a ni.

Sum leh pai lama indona hian United States-ah eng chen nge nghawng a neih?

United States-in China laka containment strategy-ah chuan sum leh pai lama indona neih hi beihpui thlakna ralthuam rapthlak tak a ni. United States chuan China lakah sum lama indona kalpui a tum a, Chinese real estate tihpuah a tum a, RMB ti tawi a, Chinese stock market tihtawp a tum a, chutiang chuan China sum leh pai lama hmasawnna tihtawp tumna chu a hlen chhuak thei dawn a ni.

RMB capital account hawn dan hi China sorkarin a thunun zauh zauh a, China sorkarin financial firewall nghet tak a siam avangin China financial market hi hneh theih loh a ni tih theih a ni. Hetiang dinhmunah hian US-in China a sum leh pai lama a beihna hlawhtlinna chu a tlem hle a, kawng tam takah pawh United States beisei nen a inkalh tlat a ni. United States hian a keah a inkap niin kan sawi thei.

China rama real estate market a lo thang chak lai khan mipuiten an hmu a, United States chuan a thunun international financial institution an tih hmangin Chinese real estate company-te ram pawn lama bonds a neih chu a tipung chhunzawm zel a, Chinese real estate company-te tan khur laih leh leiba trap siam a tum a ni. Mahse, China sorkar chuan domestic real estate market chu a lo sawi lawk tawh a, real estate market boom sang ber lai khan counter-cyclical regulatory measure hrang hrang a lo la tawh a ni. Chung zingah chuan ram chhunga real estate company lian ṭhenkhat chu leiba leh kawng dang hmanga ram pawna mitdel anga inzarpharh phalsak an ni a, hei hian ram pawn lama leiba trap avanga Chinese real estate market tlakchhiat theihna tur a pumpelh a ni. Entirnan, Chinese stock market tih tawi nan, kawng khatah chuan United States chuan Chinese concept stock chungchanga chhui chianna dik lo hmangin, United States-a listed Chinese company-te chu tihtawp tumin report ṭha lo tak tak a tichhuak a, chu chuan A-share market chu a ti tlahniam ta a ni. A lehlamah chuan United States chuan United States-in a thunun international rating agency ṭhenkhat kaltlangin, Chinese economy, Chinese company leh stock market-a tlahniam thei, negative report dik lo a tichhuak a, international investor-te chu Chinese stock market chhuahsan tura hruai sual a tum a ni. Mahse, khawvela China economy awmchhun, a performance ropui tak avangin US-in A-share market short tura ruahmanna a siam chu a titawp ta a ni. Chutih rual chuan A-share market hi a lian hle a, investor tam tak a nei bawk. Hei bakah hian US-a Sima Zhao thil tum chu mi zawng zawngin an hre chiang hle. Chuvangin US-in A-share market short a tumna chu a hlawhtling lo. China A-share market hi a rhythm leh trajectory angin mumal tak leh autonomous takin a la kal zel a ni.

China laka sum lama indona a kalpuinaah hian United States duhthusam ber chu dollar chak tak hmanga RMB exchange rate tihtawp a ni a, chutiang chuan Chinese sum a la lut thei ang a, Chinese assets pawh a seng thei ang. United States chuan interest rate a tihsan a, dollar tide a siam chhung chuan khawvel hmun hrang hrang, China pawh tiamin, capital chu United States-ah a luang lut thei dawn niin a ngai. Chuvangin, March 2022 atang khan United States chuan interest rate tihsan round thar a tan ta a ni. Interest rate tihsan hmasak ber tlemte khan RMB hlutna a tlahniam a, mahse Chinese capital flow-ah nghawng a nei lo tluk a ni. Chuvang chuan Federal Reserve chuan nasa takin interest rate tihsan a la a, hei vang hian United States chuan kum hnih chhung zet interest rate 6% vel a nei thei a, hei hian Federal Reserve-in interest rate a tihsan chanchina a sang ber thar a siam a ni. Vawi khat chu Federal Reserve-in nasa taka interest rate a tihsan leh dollar chak tak avanga RMB exchange rate tlahniam chu 17% aia tam ni mah se, United States-in a beisei loh chu, a tehkhin chuan, international currency dangte nena khaikhin chuan, RMB exchange rate hi hmahruaitu nghet ber a la ni reng a ni. United States tan chuan a lungchhiatthlak ber chu Chinese capital hi United States-ah a luang lo mai ni lovin, khawvel pum sum pawh roll in turin a hip lut a, tun hnaiah China hi foreign capital investment hipna ber ram zinga mi a ni. China market lian tak, politics dinhmun nghet tak, hmasawnna chak tak, theihna lian tak tak, leh sumdawnna boruak tha zawk leh tihchangtlun chhoh zel avangin China hi international capital-ah a hip zual sauh sauh a ni. Hetiang dinhmunah hian China chuan interest rate tihsan kawngah United States a zui lo mai ni lovin, chu ai chuan United States lam hawiin interest rate tihtlem a la ta zawk a ni. China economic cycle, China monetary policy leh China capital flows te hi United States-in interest rate sang tak a tihsan leh dollar policy nghet tak a neih avangin a nghawng lo.

Tunah chuan dollar chak tak hi a nghet tawh lo. Kum 2024 khan United States chuan duh lo chung chungin interest rate tihhniam tumin hma a la a, hei hian United States chu harsatnaah a siam a ni. United States-in interest rate a tihhniam a chawlhsan a, interest rate sang tak a neih chhunzawm zel chuan interest rate phurrit rit tak hian American company leh US sorkar tan a phur harsa dawn a ni. US sorkar hi entirnan han la ila. Tuna US sorkar leiba hi US dollar tluklehdingawn 35 vel a ni. Tuna interest rate level-ah chuan US sorkarin kum tin leiba interest atan US dollar tluklehdingawn 2 thleng a seng a ngai a, mahse US sorkarin kum khat chhunga sum a hmuh zat chu US dollar tluklehdingawn 4 chauh a ni. Interest senso lian tak hi US sorkar leh American company-te tan chuan phurrit phurrit tak a ni tawh a, chuvangin interest rate tihhniam chu Federal Reserve-in a tih theih loh tur a ni ang. Mahse, Fed-in interest rate a tihhniam zel chuan dollar chak tak hian a dinhmun a hloh dawn a, international capital pawh United States aṭangin a luang chhuak nasa hle ang a, hei hian US economy a thisen chhuah phah dawn a ni. Dollar bubble a puak meuh chuan dollar hegemony hi a lo harh leh tawh lo mai thei a, dollar tide siama khawvel seng tura United States-in a beihna chu kalpui a harsa dawn a ni.

United States-in China laka sum lama indona a kalpui hian US-ah nghawng ṭha lo lian tak leh hla tak tak a nei tih sawi theih a ni a, US economy a tlahniam zel chuan United States-a nghawng ṭha lo chu a langsar zual zel dawn a ni.