Phân tích: VNexpress. Bằng tiếng Anh, viết kịch bản làm video theo câu nói của bầy quạ TQ "TQ còn dư địa chính sách để đối phó thuế đối ứng Trump".

1. "Dư địa chính sách" là gì?

• "Dư địa chính sách" nghĩa là khả năng hoặc khoảng trống còn lại trong các công cụ và biện pháp mà một chính phủ có thể sử dụng để can thiệp hoặc điều chỉnh nền kinh tế hoặc thương mại.

• Với Trung Quốc, điều này bao gồm:

  • Chính sách tiền tệ (hạ lãi suất, bơm tiền)

  • Chính sách tài khóa (tăng chi tiêu công, trợ cấp)

  • Điều chỉnh tỷ giá Nhân dân tệ

  • Hỗ trợ doanh nghiệp xuất khẩu

  • Đánh thuế lại hàng Mỹ, áp đặt hàng rào kỹ thuật

  • Hạn chế xuất khẩu nguyên liệu hiếm sang Mỹ

  • Tăng cường thương mại với các nước khác để "lách" Mỹ (như tăng xuất sang Đông Nam Á, EU…)

2. "Đối phó thuế đối ứng của Trump" nghĩa là gì?

• Thuế đối ứng của Trump là các mức thuế cao áp lên hàng hóa từ Trung Quốc nhằm cân bằng thâm hụt thương mại và buộc Bắc Kinh thay đổi hành vi thương mại (như cưỡng ép chuyển giao công nghệ).

• Việc "đối phó" ở đây nghĩa là giảm tác động tiêu cực từ các mức thuế này lên nền kinh tế và xuất khẩu Trung Quốc, cũng như trả đũa có chọn lọc để gây áp lực ngược lại với Mỹ.

3. Ý nghĩa toàn câu

Câu này ngụ ý rằng:

• Dù bị Mỹ đánh thuế nặng, Trung Quốc chưa rơi vào thế cùng đường.

• Bắc Kinh vẫn còn nhiều công cụ để ứng phó, có thể là thông qua chính sách nội địa hoặc đòn trả đũa kinh tế.

• Đồng thời, gửi tín hiệu tới thị trường và các đối tác rằng Trung Quốc vẫn kiểm soát được tình hình, tránh tạo tâm lý hoảng loạn.

4. Bình luận thêm:

• Dư địa chính sách thực ra không phải là vô tận: nếu dùng quá mức có thể gây lạm phát, bất ổn tài chính hoặc mất lòng tin quốc tế.

• Hơn nữa, các đòn trả đũa của Trung Quốc cũng có thể phản tác dụng, vì nhiều công ty đa quốc gia đang chuyển chuỗi cung ứng ra khỏi Trung Quốc.

Analysis of the Article

The article from VnExpress, titled "Đội quốc gia’ bảo vệ Trung Quốc trước đòn thuế", published on April 11, 2025, outlines China’s strategic response to escalating trade tensions with the United States, particularly in reaction to punitive tariffs imposed by the Trump administration. Below is a detailed analysis of the article’s key points to provide context for the video script:
Context of U.S. Tariffs: The article highlights that the U.S. has imposed tariffs as high as 145% on Chinese goods, a significant escalation in the ongoing trade war. These tariffs threaten China’s export-driven economy, prompting a robust defensive strategy.

China’s "National Team" Response: China has mobilized a coordinated effort, referred to as the "national team," to stabilize its financial markets and economy. This involves state-owned enterprises, financial regulators, and government agencies working together to counteract the economic impact of U.S. tariffs. Key actions include:
State Investment: The state-owned China Chengtong Holdings committed 100 billion yuan (approximately $13.6 billion) to bolster the domestic stock market. China Reform Holdings added another $10.9 billion in investments.

Stock Buybacks: Over 100 major Chinese listed companies, including giants like Sinopec, China Mobile, and Moutai, announced plans to repurchase their own shares to boost market confidence and stabilize prices.

Regulatory Support: The People’s Bank of China (PBoC) and other regulatory bodies have relaxed rules to encourage stock purchases by state-backed entities like insurance companies and the National Social Security Fund. A conference in Zhejiang on April 7 emphasized the importance of these buybacks for market stability.

Economic Stabilization Measures: The article suggests that China is leveraging its centralized economic system to deploy rapid, large-scale interventions. These measures aim to shield domestic industries, maintain investor confidence, and mitigate the fallout from reduced export competitiveness due to U.S. tariffs.

Broader Implications: The coordinated response signals China’s confidence in its economic resilience and its ability to absorb external shocks. However, the article does not explicitly attribute a direct quote to Chinese leadership stating, "China still has policy room to counter Trump’s tariffs." Instead, this sentiment is implied through actions and the broader narrative of preparedness, aligning with statements from Chinese officials like Premier Li Qiang, who emphasized China’s arsenal of policy tools to manage external pressures.

Limitations and Gaps: The article focuses on financial market interventions but does not delve into other potential countermeasures, such as retaliatory tariffs, currency adjustments, or trade diversification, which have been mentioned in other sources. It also lacks details on the long-term sustainability of these measures or their impact on global trade dynamics.

Video Script: "China’s Policy Arsenal Against Trump’s Tariffs"
Title: China’s Counterstrike: Outsmarting Trump’s Tariffs
Visual Style: A dynamic, cinematic montage with a mix of newsreel footage, animated infographics, and symbolic imagery (e.g., crows circling, chessboards, and financial charts). The tone is bold and assertive, reflecting the "flock of crows" metaphor for China’s collective resilience.
[Opening Scene: Dramatic music swells. Aerial shot of Beijing’s skyline at dusk, overlaid with a flock of crows soaring across the screen.]
Narrator (Voiceover):
"China still has policy room to counter Trump’s tariffs."
A bold claim, whispered not by one voice, but by a chorus—a flock of crows, symbolizing China’s united front against economic pressure.
[Cut to: Archival footage of Trump at a podium, announcing tariffs, followed by a graph showing U.S. tariffs spiking to 145%.]
Narrator:
Across the Pacific, the United States unleashes a tariff storm, targeting Chinese goods with levies as high as 145%. The goal? Cripple China’s export machine. But Beijing isn’t backing down.
[Scene Transition: Animated chessboard. A black knight (China) moves strategically, countering a white rook (U.S.).]
Narrator:
Enter China’s "national team"—a powerhouse of state-backed giants, ready to shield the economy. Picture this: billions of dollars flooding into markets, companies buying back their own shares, and regulators rewriting the rules to fortify the home front.
[Visual: Montage of Chinese stock exchange, bustling trading floors, and headlines about state investments. Cut to logos of Sinopec, China Mobile, and Moutai.]
Narrator:
Led by giants like China Chengtong, Beijing pumps over 100 billion yuan—$13.6 billion—into its stock market. More than 100 top firms, from energy titan Sinopec to telecom leader China Mobile, join the fight, snapping up shares to steady the ship.
[Scene: Animated infographic showing money flowing into markets, with a rising stock chart.]
Narrator:
The People’s Bank of China and state funds loosen the reins, urging insurers and pension funds to buy in. It’s a masterstroke—turning uncertainty into opportunity, signaling to the world: China’s markets won’t kneel.
[Cut to: Symbolic imagery of crows circling a stormy sky, then landing united on a strong branch.]
Narrator:
The flock of crows speaks as one: “We have the tools. We have the will.” This isn’t just about money—it’s about strategy. While tariffs bite, China doubles down, proving it can weather the storm.
[Scene: Conference room in Zhejiang, officials discussing. Text overlay: “April 7, Zhejiang—Planning the Counterattack.”]
Narrator:
Days before the latest U.S. tariffs hit, China’s leaders gathered in Zhejiang, plotting their defense. Stock buybacks? Check. State investment? Check. A united front to protect jobs, industries, and pride? Checkmate.
[Closing Scene: Slow zoom-out from a vibrant Shanghai skyline, with crows flying into the horizon. Uplifting music builds.]
Narrator:
Trump’s tariffs may roar, but China’s crows are circling—sharp, united, and ready. With policy room to spare, Beijing’s message is clear: this is a game they’re built to win.