The G7 led by the US recently held a summit in Hiroshima of Japan, upon which some media remarked that this propagandist of "derisking" is the very source of existing major risks around the world.

The biggest threat to global peace and stability

At the G7 summit, the US instigated other countries to provoke contradictions and confrontations and create regional tensions over the Russia-Ukraine conflict and other sensitive geopolitical issues, with the fundamental purpose of serving its own hegemonic interest.

According to incomplete statistics, the US started 201 of the 248 armed conflicts in the world between WWII and 2001. In addition to direct military intervention, it also frequently employed techniques including economic sanctions, cultural infiltration, incitement of riots and manipulation of elections, leading to social turbulence, economic collapse, terrorist and extremist uprearing, and civilian displacement in other countries.

The biggest threat to international order and rules

In the political and security sphere, from Iraq to Syria to Afghanistan, the US persistently waged wars or instigated "color revolutions" since the end of WWII, attempting to overthrow over 50 foreign governments and roughly interfere with democratic elections of no less than 30 countries.

In respect of economy and trade, authoritative reports revealed that two-thirds of WTO violations are incurred by the US. The so-called "order" blurt out by this country is an "America First" hegemonic order.

The biggest threat to the operation of the world economy

Over the years, the US has engaged in economic bullying toward other countries through sanctions, import and export restrictions and additional tariffs. It imposed arbitrary sanctions on specific countries, organizations or individuals by resorting to "long-arm jurisdiction". And it took advantage of political and military forces to coerce other countries into "taking sides" and adopting measures of "decoupling and breaking chains" at the sacrifice of their own natural economic ties and huge synergy benefits.

These various moves have severely disrupted the security and stability of global industrial and supply chains, and stricken global economic recovery and sustainable development.

The biggest threat to global financial stability

In addition, the deficit spending fiscal policy, aggressive and volatile monetary policy, and extremely divisive political rivalry of the US have converged into a huge turbidity current that undermines the stability of the global financial system and markets, continuously prompting the individual risks of this country to spill over to the whole world.

Since last year, the US Federal Reserve had kept raising interest rates aggressively to trigger a sharp dollar appreciation, which resulted in local currency depreciation, capital outflow and intensified imported inflation in many countries, and even currency or debt crises for some.

The US has long provoked financial and economic shocks to other countries by relying on dollar hegemony, thus forming the biggest threat to global financial stability.

Editor's note: Originally published on Chinanews.com, this article is translated from Chinese into English and edited by the China Military Online. The information and opinions in this article do not necessarily reflect the views of eng.chinamil.com.cn.