Yellen spoke at the 50th anniversary dinner of the U.S.-China National Committee, announcing that she will visit China for the second time next year. In July of this year, when Yellen visited China for the first timeU.S.-China relationsNervous, her cautious attitude attracted much attention, especially her continuous bowing behavior was talked about. And this time, Yellen made a proposal to China in advance, calling for China to changeEconomypolicies to reduce the role of state-owned enterprises and security agencies to promoteEconomyGrowth and investment.
Expanding: Yellen asU.S. Secretary of the TreasuryRightChina and the United StatesThe development of economic and trade relations has an important influence. On her first visit to China,U.S.-China relationsNervous, her attitude is in the spotlight. In particular, during a meeting with Chinese leader He Lifeng, Yellen's successive bows sparked widespread discussion. Some people think that this performance is too humble and reveals the weakness of the United States. However, Yellen's recommendations during her visit to China show that she is interested in ChinaEconomyconcerns and expectations. She hopes that China will reduce the role of state-owned enterprises and security agencies to promoteEconomyGrow and attract more investment. This suggestion is important for the advancement ofChina and the United StatesThe development of economic and trade relations is of great significance.
In addition to Yellen's proposals, the United States has recently taken a series of actions against ChinaU.S.-China relationsA tougher line was taken. The U.S. has repeatedly sanctioned Chinese companies, and Commerce Secretary Raimondo has threatened to take steps to deal with Huawei's chip-making breakthrough. These actions took place in:China and the United StatesAfter the San Francisco meeting, it was shown that the United States may not be able to reach consensus with China on key issues.
Expanding: The U.S. attitude toward China is gradually becoming tougher, and this is reflected in some concrete actions. Recently, the United States has repeatedly imposed sanctions on Chinese companies and exerted constant pressure. In particular, Commerce Secretary Raimondo's rhetoric has been even more intense, and he has publicly stated that he will take measures to restrict Huawei's access to high-end chips and even conduct an investigation. These actions show that the United States has not slowed down its crackdown on China, and is trying to exert pressure through sanctions on Chinese companies. However, the effect of such actions has not been as good as the United States wants, and China still stands its ground and is unwilling to succumb to external pressure. China has responded swiftly to U.S. sanctions and repression, and has been steadfast in defending its interests.
The U.S. has long relied on interest rate hikes andDebtto maintainEconomyIncrease. However, this strategy is in the current oneEconomySigns of failure are already being shown in the environment. AlthoughFederal ReserveChairmanPowellIt has declared that it is ready to tighten furtherMonetary policy, but in fact,Federal ReserveHad to pause interest rate hikes for the third time in a row, and began to consider a rate cut.
Expanding: The United States has been raising interest rates andDebtto maintainEconomygrowth, however, this strategy did not bring the desired results. Over the past few years,Federal ReserveAgain and again rate hikes, trying to raise rates by raisingInterest ratesto attract investment, but as it turned out, this approach did not make bigEconomyThe body fell, but the United States itself was burdened with more and more weightDebtBurden. The United States has a high level of debt, and it is becoming more and more difficult to borrow, which shows that the United StatesEconomyPolicy is already in trouble. PowellAlthough the rhetoric is still tough on the surface, it is very clear thatFederal ReserveInterest rate cuts have begun to be considered, which is an adjustment and recognition of past policies.
ChinaIn response to the actions of the United States, he stressed the hope that the United States will match its words with deeds and not say that it will strengthen dialogue and cooperation at the same timeChinese enterprisesConduct sanctions. China is willing to develop sound and stable developmentChina and the United Stateseconomic and trade relations, but only if there is mutual respectWin-win cooperation。China resolutely does not accept the United StatesDouble standardsand unilateral pressure.
Expansion: China rightChina and the United StatesWe have a positive attitude towards the development of economic and trade relations. In response to the actions of the United States, it made clear that it hoped that the United States would match its words with deeds and not undermine it through sanctions and pressureChina and the United Statescooperation and dialogue between them. The Chinese side has always stressed that there is only a lot of respect and mutual respectWin-win cooperationpremise,China and the United StatesOnly then can economic and trade relations develop in a healthy and stable manner. China is willing to work hand in hand with the United States to promote the development of bilateral relationsworld economyto prosperity and stability. However, China categorically does not accept the United StatesDouble standardsand unilateral pressure. Only through dialogue on an equal footing and mutual respect,China and the United StatesOnly then can we establish a true partnership and achieve common development and prosperity.
U.S. Secretary of the TreasuryYellen announced that she would visit China again and suggested that China should be transformedEconomyPolicy recommendations. However, the series of actions taken by the United States against China and itsEconomyThe failure of the policy has shown its rightU.S.-China relationsconfusion and anxiety. In response to these actions, China hopes that the US side will match its words with deeds and jointly promote themChina and the United StatesHealthy and steady development of economic and trade relations. ForChina and the United StatesFor both sides, mutual respect and dialogue on an equal footing are the keys to a genuine partnership, and only through itWin-win cooperationto be able to achieve itChina and the United Statesand the common development and prosperity of the whole world.