{"id":26040,"date":"2024-04-26T19:36:00","date_gmt":"2024-04-26T17:36:00","guid":{"rendered":"https:\/\/michelsanti.fr\/?p=26040"},"modified":"2024-04-26T19:36:00","modified_gmt":"2024-04-26T17:36:00","slug":"china-usa-a-separation-of-bodies","status":"publish","type":"post","link":"https:\/\/michelsanti.fr\/en\/china\/china-usa-a-separation-of-bodies","title":{"rendered":"China\/USA: a separation of bodies"},"content":{"rendered":"<p><img data-recalc-dims=\"1\" fetchpriority=\"high\" decoding=\"async\" data-attachment-id=\"26034\" data-permalink=\"https:\/\/michelsanti.fr\/en\/china\/china-usa-a-separation-of-bodies\/attachment\/us-treasurys-2\" data-orig-file=\"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2024\/04\/US-Treasurys.jpg?fit=1900%2C1558&amp;ssl=1\" data-orig-size=\"1900,1558\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"US Treasurys\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2024\/04\/US-Treasurys.jpg?fit=300%2C246&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2024\/04\/US-Treasurys.jpg?fit=1024%2C840&amp;ssl=1\" src=\"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2024\/04\/US-Treasurys.jpg?resize=1170%2C959&#038;ssl=1\" alt=\"\" width=\"1170\" height=\"959\" class=\"alignnone size-full wp-image-26034\" srcset=\"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2024\/04\/US-Treasurys.jpg?w=1900&amp;ssl=1 1900w, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2024\/04\/US-Treasurys.jpg?resize=300%2C246&amp;ssl=1 300w, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2024\/04\/US-Treasurys.jpg?resize=1024%2C840&amp;ssl=1 1024w, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2024\/04\/US-Treasurys.jpg?resize=768%2C630&amp;ssl=1 768w, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2024\/04\/US-Treasurys.jpg?resize=1536%2C1260&amp;ssl=1 1536w, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2024\/04\/US-Treasurys.jpg?resize=1200%2C984&amp;ssl=1 1200w\" sizes=\"(max-width: 1170px) 100vw, 1170px\" \/><\/p>\n<p>China&#8217;s holdings of U.S. Treasury bonds are at their lowest level in 15 years, while its gold reserves have reached a record high.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" data-attachment-id=\"26036\" data-permalink=\"https:\/\/michelsanti.fr\/en\/china\/china-usa-a-separation-of-bodies\/attachment\/gold-china-2\" data-orig-file=\"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2024\/04\/gold-china.jpg?fit=1900%2C1099&amp;ssl=1\" data-orig-size=\"1900,1099\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"gold china\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2024\/04\/gold-china.jpg?fit=300%2C174&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2024\/04\/gold-china.jpg?fit=1024%2C592&amp;ssl=1\" src=\"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2024\/04\/gold-china.jpg?resize=1170%2C677&#038;ssl=1\" alt=\"\" width=\"1170\" height=\"677\" class=\"alignnone size-full wp-image-26036\" srcset=\"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2024\/04\/gold-china.jpg?w=1900&amp;ssl=1 1900w, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2024\/04\/gold-china.jpg?resize=300%2C174&amp;ssl=1 300w, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2024\/04\/gold-china.jpg?resize=1024%2C592&amp;ssl=1 1024w, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2024\/04\/gold-china.jpg?resize=768%2C444&amp;ssl=1 768w, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2024\/04\/gold-china.jpg?resize=1536%2C888&amp;ssl=1 1536w, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2024\/04\/gold-china.jpg?resize=1200%2C694&amp;ssl=1 1200w\" sizes=\"(max-width: 1170px) 100vw, 1170px\" \/><\/p>\n<p>These are all signals indicating a desire to decouple its economy from that of the United States as quickly as possible.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>China&#8217;s holdings of U.S. Treasury bonds are at their lowest level in 15 years, while its gold reserves have reached a record high. These are all signals indicating a desire to decouple its economy from that of the United States as quickly as possible.<\/p>\n","protected":false},"author":4,"featured_media":26034,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"give_campaign_id":0,"_crdt_document":"","_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"mc4wp_mailchimp_campaign":[],"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"_wpas_customize_per_network":false},"categories":[648941287,648941262],"tags":[],"class_list":["post-26040","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-china","category-united-states"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>China\/USA: a separation of bodies - Michel Santi<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/michelsanti.fr\/en\/china\/china-usa-a-separation-of-bodies\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"China\/USA: a separation of bodies - Michel Santi\" \/>\n<meta property=\"og:description\" content=\"China&#8217;s holdings of U.S. Treasury bonds are at their lowest level in 15 years, while its gold reserves have reached a record high. 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The United States runs a significant and constant trade deficit, which they manage to finance through the sale of Treasury bonds, bought by China and other governments\/central banks. The deal is as follows and\u2026","rel":"","context":"In &quot;China&quot;","block_context":{"text":"China","link":"https:\/\/michelsanti.fr\/en\/category\/china"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2024\/05\/Apple.jpg?fit=1200%2C747&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2024\/05\/Apple.jpg?fit=1200%2C747&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2024\/05\/Apple.jpg?fit=1200%2C747&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2024\/05\/Apple.jpg?fit=1200%2C747&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2024\/05\/Apple.jpg?fit=1200%2C747&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":26834,"url":"https:\/\/michelsanti.fr\/en\/china\/china-is-at-war","url_meta":{"origin":26040,"position":1},"title":"China is at war","author":"Michel Santi","date":"September 19, 2024","format":false,"excerpt":"\u00a0 This year, it is exporting 6 million cars to around one hundred countries. As the world's leading vehicle exporter, its average price is $19,000, lower than that of the United States and Europe. Meanwhile, its Western competitors have no strategy, are swimming in confusion, and are overwhelmed by China's\u2026","rel":"","context":"In &quot;China&quot;","block_context":{"text":"China","link":"https:\/\/michelsanti.fr\/en\/category\/china"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2024\/09\/GXxk8mkakAQfJfX-1.jpg?fit=1024%2C1024&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2024\/09\/GXxk8mkakAQfJfX-1.jpg?fit=1024%2C1024&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2024\/09\/GXxk8mkakAQfJfX-1.jpg?fit=1024%2C1024&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2024\/09\/GXxk8mkakAQfJfX-1.jpg?fit=1024%2C1024&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":29325,"url":"https:\/\/michelsanti.fr\/en\/war-india-pakistan\/india-pakistan-a-geopolitical-wake-up-call","url_meta":{"origin":26040,"position":2},"title":"India\u2013Pakistan: A Geopolitical Wake-Up Call","author":"Michel Santi","date":"May 18, 2025","format":false,"excerpt":"\u00a0 China has replaced the United States as the main arms exporter to Pakistan. As early as 2021, Pakistan integrated the Chinese long-range surface-to-air missile system HQ-9P into its air defense network. Although China accounts for only 5.9% of the global arms export market, 63% of its sales are nonetheless\u2026","rel":"","context":"In &quot;chinese weapons&quot;","block_context":{"text":"chinese weapons","link":"https:\/\/michelsanti.fr\/en\/category\/chinese-weapons"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2025\/05\/armes-chine-pakistan.jpg?fit=1200%2C1200&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2025\/05\/armes-chine-pakistan.jpg?fit=1200%2C1200&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2025\/05\/armes-chine-pakistan.jpg?fit=1200%2C1200&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2025\/05\/armes-chine-pakistan.jpg?fit=1200%2C1200&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2025\/05\/armes-chine-pakistan.jpg?fit=1200%2C1200&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":29088,"url":"https:\/\/michelsanti.fr\/en\/china\/the-countdown-has-begun","url_meta":{"origin":26040,"position":3},"title":"The countdown has begun","author":"Michel Santi","date":"April 27, 2025","format":false,"excerpt":"In just a few weeks, the White House and the United States have gotten themselves into a situation from which they will have the greatest difficulty escaping. Starting on April 10, trade between the U.S. and China progressively \u2014 but irresistibly \u2014 came to a halt. Cargo bookings, in fact,\u2026","rel":"","context":"In &quot;China&quot;","block_context":{"text":"China","link":"https:\/\/michelsanti.fr\/en\/category\/china"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2025\/04\/xii.jpg?fit=676%2C1200&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2025\/04\/xii.jpg?fit=676%2C1200&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2025\/04\/xii.jpg?fit=676%2C1200&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":30742,"url":"https:\/\/michelsanti.fr\/en\/sovereignty\/japan-an-ally-with-no-voice-and-no-choice","url_meta":{"origin":26040,"position":4},"title":"Japan: an ally with no voice and no choice","author":"Michel Santi","date":"December 1, 2025","format":false,"excerpt":"Caught between China\u2019s rise and America\u2019s decline, Tokyo is losing its strategic autonomy. A crushing dependence The regional dynamics are stark and undeniable.In thirty years, Japan\u2019s share of global GDP has fallen from 14% to 4%.During that same period, China rose from 2% to 18% of world GDP, becoming today\u2026","rel":"","context":"In &quot;Geopolitical rivalry&quot;","block_context":{"text":"Geopolitical rivalry","link":"https:\/\/michelsanti.fr\/en\/category\/geopolitical-rivalry"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2025\/12\/japan-middle.png?fit=800%2C1200&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2025\/12\/japan-middle.png?fit=800%2C1200&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2025\/12\/japan-middle.png?fit=800%2C1200&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2025\/12\/japan-middle.png?fit=800%2C1200&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":30840,"url":"https:\/\/michelsanti.fr\/en\/us-china-relations\/us-china-partners-in-manipulation","url_meta":{"origin":26040,"position":5},"title":"US\/China: Partners in Manipulation","author":"Michel Santi","date":"December 9, 2025","format":false,"excerpt":"While the yuan remains artificially devalued, the United States deliberately turns a blind eye. This unexpected alliance masks a cynical pact: preserving American symbolic power at the cost of real economic decline. The Sino-American face-off is merely a theater; currency manipulation is their shared secret. The staggering distortions experienced by\u2026","rel":"","context":"In &quot;Economic Power Shift&quot;","block_context":{"text":"Economic Power Shift","link":"https:\/\/michelsanti.fr\/en\/category\/economic-power-shift"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2025\/12\/123152177-us-dollar-and-yuan-banknote-on-usa-and-china-flags-its-is-symbol-for-tariff-trade-war-crisis.jpg?fit=1200%2C800&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2025\/12\/123152177-us-dollar-and-yuan-banknote-on-usa-and-china-flags-its-is-symbol-for-tariff-trade-war-crisis.jpg?fit=1200%2C800&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2025\/12\/123152177-us-dollar-and-yuan-banknote-on-usa-and-china-flags-its-is-symbol-for-tariff-trade-war-crisis.jpg?fit=1200%2C800&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2025\/12\/123152177-us-dollar-and-yuan-banknote-on-usa-and-china-flags-its-is-symbol-for-tariff-trade-war-crisis.jpg?fit=1200%2C800&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2025\/12\/123152177-us-dollar-and-yuan-banknote-on-usa-and-china-flags-its-is-symbol-for-tariff-trade-war-crisis.jpg?fit=1200%2C800&ssl=1&resize=1050%2C600 3x"},"classes":[]}],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/posts\/26040","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/comments?post=26040"}],"version-history":[{"count":1,"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/posts\/26040\/revisions"}],"predecessor-version":[{"id":26041,"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/posts\/26040\/revisions\/26041"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/media\/26034"}],"wp:attachment":[{"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/media?parent=26040"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/categories?post=26040"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/tags?post=26040"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}