In the current international arena, the direction of Sino-US relations has attracted much attention. Tensions between the two countries seem to have eased recently, especially after Raimondo's visit to China, where the Huawei incident has once again become a hot topic. The U.S. accuses Huawei's ** phones of using its technology and threatens to crack down on Huawei. However, the U.S.-China economic relationship is inherently complementary, and a long separation will inevitably seek to reunite. At present, the two countries have begun to set up a working group in the economic field, does this mean that Sino-US relations are about to usher in a turning point?
A new chapter in U.S.-China relations
After the intensive visit of the United States to China, Sino-US relations seem to have begun to warm up gradually. The two countries announced that they would set up a special working group in the economic field to ease tensions and strengthen bilateral cooperation. The working group, co-led by China's Vice Premier He Lifeng and U.S. Treasury Secretary Janet Yellen, is divided into two sectors: economic and financial.
Yellen stressed that the establishment of this task force will provide an important channel of communication between the two economies and help promote healthy competition between the two countries. Although the United States has put pressure on China in the field of science and technology to securitize the issue of economic cooperation, this is not good for the global economy. The U.S.-China economic relationship has experienced a series of tensions and frictions, including a war and a technological blockade. However, as the willingness of the two sides to cooperate has resurfaced, the outside world is full of new expectations for the future of China-US relations.
Facing global challenges together
China and the United States should work together to address global challenges, strengthen cooperation, and jointly promote development. The United States should not implement a policy of decoupling from China, but should actively seek mutually beneficial and win-win solutions. The establishment of the working group on the economic field between China and the United States shows that the two sides are willing to solve problems through dialogue and consultation, and sends a positive signal that both sides hope to achieve win-win results through cooperation.
Many netizens said they hope that China and the United States can sit down and have a sincere dialogue, and through active cooperation, bring economic benefits to everyone. In the past war, China and the United States imposed tariffs on each other, causing huge losses to the economies of both sides. Through the establishment of a working group, the two sides can resolve differences through dialogue and consultation, reduce barriers, and promote economic cooperation, which is of great significance to the stability and development of the global economy.
The impact of the U.S.-China Economic Sector Working Group
The establishment of a working group in the economic field between China and the United States could have a positive impact on bilateral relations. This economic group will help resolve U.S.-China economic and trade issues, while providing a platform for both sides to find opportunities for effective cooperation. This will help improve Sino-US relations, reduce tensions, and create conditions for the steady development of relations between the two countries.
However, the improvement of Sino-US relations did not happen overnight. Although the two sides are willing to resolve the issue through dialogue, there are still many differences and challenges, such as imbalances, intellectual property protection, and technological blockades, which need to be resolved by the joint efforts of both sides. In addition, the strategic competition between China and the United States cannot be ignored, and there is a certain degree of competition between the two sides in the economic, scientific, technological, and military fields. Therefore, the improvement of Sino-US relations requires the joint efforts of both sides to build trust and enhance cooperation.
The demands of both China and the United States
China and the United States have set up an economic field group to cooperate in the financial and economic fields on a regular or irregular basis, which will have a positive effect on the market. In the long run, the establishment of this economic working group is conducive to foreign investment and the stability of the RMB, and more results will be released in the later stage, which is conducive to the good development of the A** field.
For the United States, it is currently facing many problems, especially the debt problem, which is close to 33 trillion. The debt problem has had a multifaceted impact on the U.S. economy and society, including a huge interest burden, a weakening of fiscal resources,** restrictions on investment and spending, and increased fiscal risk. If debt is not effectively controlled, it could trigger a fiscal crisis with a severe impact on the U.S. economy. The debt problem could also affect the credit rating and international image of the United States, reducing investor confidence in the United States.
U.S.-China cooperation on the economic front can provide some help to the United States, especially on issues such as inflation and increased capital costs caused by U.S. interest rate hikes. China-US economic cooperation is conducive to making up for the losses caused by US interest rate hikes.
As far as China is concerned, China will definitely ask the United States to abandon its suppression of China in areas such as science and technology. At present, the Huawei incident is still fermenting, and the U.S. Department of Commerce Raimondo said that it will continue to increase sanctions on China's technology, and U.S. lawmakers even claim that Huawei must have used American technology. These remarks show that the United States still regards China as a target of suppression, and Biden will not let go in the core technology field. Therefore, if the United States wants China to make concessions on the economic front, China will not compromise easily.
At present, the United States is in the stage of raising interest rates, inflation is becoming more serious, and it may face greater economic pressure next year. As a result, the debt problem has prompted the United States to strengthen cooperation with China, which hopes to accelerate interest rate cuts next year after controlling the economic situation, and hopes that China will increase its purchases of US Treasury bonds.
The U.S. plan is this, but if the U.S. wants China to buy U.S. Treasury bonds, it should abandon its decoupling policy with China and give up suppressing China's technology sector.
In short, China and the United States should have a win-win relationship, and if the United States really wants to cooperate, it should show a sincere attitude.