First to trap, and therefore politically dominate, poorer countries into huge national debt which they will get from China in order to build the national infrastructure required. Second to get under direct Chinese control, ports and railway stations in Asia, Africa, and Europe. That will secure the uninterrupted flow of Chinese products in the consumer markets of the West at the expense of American products, thus leading the USA into a kind of informal, yet real, isolation from their traditional Western consumers. At the same time, European products will be globally marginalised
China, by putting under their control the ports and the nearby industrial zones will practically monopolize western markets for the average consumer. Imported Chinese products will be further processed right next to the Chinese owned port, by mostly Chinese labour – whether its legal or illegal makes no difference as it will keep their relatives hostage in mainlaing China – the labour will be forcibly cheap so as to acquire the label of national, in our case, EU products.
The US-led Western reaction will be at the beginning prohibitive import duties on Chinese finished and semi-finished products. However, this does not seem that will resolve the problem as Chinese will methodically “buy” custom officers in the various ports and rail stations, as corruption is pandemic in all administrations, and that will be it.
“Bribery” is not unknown in the communist mentality of the Chinese administration and custom officers are not expensive to buy. Indeed, all what they will be doing, will be to ignore the passage of certain containers from the free area of the port, to the near-by industrial zone. We should not lose sight of the fact that the Chinese have plenty of cash and unlimited access to their banking system which is part of the world-wide banking net.
The presumption that all such transaction will not be conducted in US dollars (i.e. Euro or Swiss francs), means that transfers will not be centrally cleared in New York. That will make such noble exercise, extremely easy.
How the US will react to that is another story. This brings us back into consideration the very grotesque idea of a total Western embargo of all Chinese products as being produced under forced labor conditions. This is not difficult as it looks especially for US President Donald J. Trump, a very successful high-risk businessman in his own right.
What it will imply, however, should unavoidably be the contemporaneous freezing of all Chinese accounts, including government bonds in the hands of China and loans from Chinese banks. Consequently, the international economic order will collapse and the planet will go back a few centuries.
And yet, who cares? Most probably this is the solution.