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新加坡联合早报:“两大国除了稀土与芯片对决,双方还剩多少筹码?美或拿出Swift
Sou Hu Cai Jing· 2025-10-17 16:38
Group 1 - The current geopolitical struggle between major economies has expanded from rare earths and chips to the financial sector, with extreme measures being considered to pressure rival companies [1][3] - Forcing rivals out of the SWIFT system could undermine the foundation of the US dollar, which accounts for over 80% of global cross-border payments, potentially leading to a collapse of the US stock market due to a "financial nuclear bomb" effect [3][5] - The trend of de-dollarization is accelerating, with the establishment of alternative cross-border settlement systems, particularly the Chinese yuan, posing a significant counterbalance to US financial dominance [3][5] Group 2 - The current state of "partial decoupling" reflects rational choices made by both sides, with one party having developed its own settlement network and essential goods providing alternatives for other economies [5] - If the US were to expel a rival from the SWIFT system, it may inadvertently create opportunities for the rival's system to expand its global market share, turning the situation into a strategic advantage for the rival [5]