China continues to hold U.S. bonds, holding the lowest amount of U.S. bonds in 14 years, a move that has attracted widespread attention. The scale of U.S. debt is gradually getting out of control, and mainstream investment products that are more stable than U.S. bonds have not yet emerged. The internationalization of Chinese RMB is accelerating, and represented by the "Belt and Road" initiative, China is also bringing new predictable increments to its own country and the world.
In China-US relations, financial cooperation between the two sides is a major part of the main content, and it has a certain rigid need for both sides. The dollar system is crumbling, and the United States has to seek to maintain stable relations with China in order to prevent China's sudden dismantling of Taiwan from exacerbating the dollar crisis. Yellen, the United States, seeks to establish a similar mechanism for avoiding conflict and loss of control in the military field in the financial sector of China and the United States, and asks China to adjust its economic policy.
China's five-year economic plan allows China to make sustained and focused investments in strategic areas. In the fields of photovoltaics, electric vehicles, aerospace engineering, chips, etc., it has achieved progress efficiency that is difficult for the United States to achieve. In the fields of photovoltaics and electric vehicles, it is becoming more and more difficult for the United States to compete with China. In the face of Chinese state-owned enterprises, the United States is also unable to carry out financial penetration.
In the course of the subsequent economic war between China and the United States, China's long-term and concentrated investment in strategic projects is the key support for China's cumulative victory.