US Treasury Secretary Showdown: China Can Leave Us, We Can't Leave China

According to reports on domestic websites, U.S. Treasury Secretary Yellen suddenly changed his attitude towards China recently. At a foreign conference, Yellen said: The United States needs to curb China's development and restrict some U.S. companies from investing in China, but this does not mean that it is completely cut off. This is incompatible with today's international investment and trade system, and the result of cutting off exchanges between related technology industries will be very serious. Yellen subsequently emphasized that it is very unwise for China and the United States to completely turn their faces and decouple. China can leave us, and we cannot do without China!

can say that Yellen's words are obviously different from Biden's, which caught Biden off guard. Because some time ago Biden was inciting other allies to deal with China, but at present, officials in his own government have begun to recognize China's strength. Isn't this just slapping himself in the face!

Yellen's Sudden Showdown

According to US media reports, Yellen said at the meeting that China is currently the largest competitor of the United States, and it is normal for the United States to introduce some suppression policies on this, but at present, it seems that there has been a "cross-border" situation, and it has completely fallen out with China. Up! Yellen said that in a way, she is very worried about the decoupling of technology between the United States and other countries. For example, some European allies are still reluctant to interrupt their business activities in China. In view of how to deal with this problem in the future, if the policy is too lax, the United States may lose the advantages brought by the global economic integration system, in which the progress of a country may bring various benefits to all countries in the world.

now the world has formed an environment in which a country's economic growth will bring benefits to other cooperating countries. U.S. allies are still doing business with China. If the United States itself refuses, it will be very unfavorable for future development. This is also what the United States needs to solve today. problem.

Epidemic

In fact, as China becomes the world's second largest economy, it is very difficult to leave China in terms of international trade. With the impact of the epidemic in the past two years, China's share of the direction of international trade cooperation has also increased, and the volume of trade between China and the United States has increased.

According to a report published by China's Bureau of Statistics, in November last year, China ushered in the first wave of international trade peak under the influence of the epidemic, from which the data show that the fastest growth in foreign exports is exports to the United States, the rise record once rose to 46.1%. Although the United States was experiencing a serious period of new crown infection, but near Christmas in the United States, many Americans still choose to go out shopping. In this shopping wave, some goods from China have been sought after by the American people, among which electronic goods and epidemic prevention equipment have become popular goods in shopping malls.

, from foreign media interviews at that time, we can see that at the largest container terminal in the United States, imported containers from China have piled up into mountains, and the terminal is even ready to build a special area for storage of Chinese goods. According to the dock staff interviewed at the time, such a large order volume has never been seen before. Everyone realizes that the demand for Chinese products in the United States is increasing.

trade deficit widens

's increasing total import and export trade and what those politicians in the United States say, which also breaks the expectations of trade politicians trying to reduce their trade with China. According to the previous development of the United States, their plan was to bring the manufacturing industry back to the country, but they did not expect that it was impossible to exist through various phenomena. On the contrary, the United States is increasingly inseparable from made in China.

recently, the US media said: in the past four years, the US government has been trying to exert pressure on China, using various methods both in terms of military and economic aspects. The expectation is perfect, but in fact most of these actions are in vain. Judging from China's current development situation, these measures of the United States not only did not affect China, but also allowed China's development and growth, and the domestic economy of the United States was attacked.

according to a set of U.S. statistics, although U.S. politicians have been shouting internationally to decouple and disconnect from China all day long, the U.S. trade deficit with China has still been as high as $30.1 billion in recent months, which also means that the United States is very dependent on China and it is very difficult to complete the plan to decouple from China. In addition, U.S. media said that in 2020, when the world was caught in the epidemic turmoil, China's total foreign exports rose instead of falling, a momentum that exceeded the level of the trade war between China and the United States in previous years. Coupled with the relevant cooperation signed between China and the European Union and other Asian countries, China is expected to usher in the peak of development in the past decade.

European countries oppose targeting China

in fact, the purpose of China's development is not to compete for world hegemony as the United States said, nor has it regarded any country as an opponent. For China, surpassing itself in the previous day and last year is the real goal. Germany, the EU leader, has expressed its opposition to the anti-China issue raised by pro-Americanism in the Union. Because in peacetime, the future world needs cooperation between countries to win development. For the EU, boycotting China is equivalent to abandoning one of the biggest potential stocks in the future, and no one will choose to give up.