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According to reports, the Chinese side has shown goodwill at repeated requests from the United States, choosing to buy more U.S. bonds and buy U.S. soybeans. According to the data, China increased its holdings of U.S. bonds by $12.4 billion in November last year, ending a seven-month streak of **. In addition, the United States sold 29 to China70,000 tons of soybeans. These actions are seen as a sign of a thaw in U.S.-China relations.
The frequent high-level visits between China and the United States since last year also show the sense of urgency of the US side in its desire to put China-US economic and trade relations on the right track. Secretary of State Antony Blinken, Secretary of the Treasury Janet Yellen, Secretary of Commerce Raimondo and other members of the U.S. Cabinet have visited China one after another, demonstrating their willingness to resume dialogue and exchanges with China. All of this is to better promote the cooperative relationship between China and the United States.
Expansion: Frequent exchanges of economic and trade cooperation between China and the United States are not only conducive to the economic development of both countries, but also to the prosperity of the world. China's purchase of additional U.S. bonds and soybeans reflects China's positive attitude towards the subsequent development of China-US relations. China's goodwill measures will help increase market confidence, stabilize financial markets, and promote economic recovery. At the same time, the US side has also expressed its willingness to strengthen cooperation between China and the United States through high-level visits to China and economic and trade consultations with the Chinese side.
However, what is surprising is that at a time when both sides are trying to promote a détente between China and the United States, the US Congress passed a ban on the Pentagon from purchasing batteries produced by Chinese companies. This is considered a move by the Pentagon to promote "decoupling from China".
The rise of the electric vehicle market has made lithium batteries an important core technology, and China is in a dominant position in the field of lithium batteries. However, the United States considers the batteries of Chinese companies to be a threat to it and has begun to try to "decouple" the Pentagon from China's ** chain. However, this move is not realistic, because most of the lithium batteries in the United States rely on the Chinese chain, and without China, the United States cannot even produce electric vehicles.
This kind of selective "decoupling from China" strategy is incredible. The U.S. uses its position to choose ways of cooperation that are beneficial to China, such as buying more U.S. bonds and buying soybeans; Sectors that are beneficial to China, such as Chinese-made parts and lithium batteries, have tried to be restricted by bans. This kind of unfair and bandit-like approach is not acceptable to the Chinese side.
Expansion: Cooperation between China and the United States in the economic, trade and negotiation process is based on mutual benefit and win-win results. China's purchase of U.S. bonds and soybeans is a positive gesture of goodwill and expresses China's positive views on the prospects of China-US cooperation. However, on the one hand, the United States hopes to strengthen economic and trade cooperation, and on the other hand, it tries to restrict China's development and cooperation in specific fields. This contradictory approach is not conducive to the development of Sino-US relations and the role of the two countries in the global economy.
Although the Pentagon is pushing for "decoupling from China", China's cooperation with the United States in the financial field has made positive progress. The U.S.-China Financial Working Group held its first meeting of 2024 in Beijing, with the participation of the Ministry of Finance, the China Securities Regulatory Commission, the State Administration of Foreign Exchange, the Federal Reserve and the U.S. Exchange Commission.
At the meeting, the parties discussed a number of issues related to financial and monetary payments. China's assessment of the meeting was "professional, pragmatic, frank and constructive", which shows that the meeting reached a certain consensus and laid the foundation for further enhancing communication and cooperation between the two sides.
Expansion: Financial cooperation is a vital part of the U.S.-China relationship. Cooperation in the financial sector is aimed at promoting investment between the two countries, strengthening cooperation in financial regulation, stabilizing financial markets, and improving interoperability in the financial sector. The holding of the meeting of the China-US Financial Working Group will help enhance mutual understanding and cooperation, and promote the development of the financial markets of the two sides and the results of mutual benefit and win-win results.
While the US Congress is trying to push for the Pentagon's "decoupling" from China, this approach is unrealistic and unfeasible. As mentioned in the article, most of the lithium batteries in the United States rely on China's ** chain, and the United States' own lithium battery industry is relatively weak and cannot meet domestic demand. Therefore, if the United States wants to continue to develop the electric vehicle industry, cooperation with China is indispensable.
In addition, China-US economic cooperation is also mutual. China is one of the world's largest consumer markets and has a huge demand for many U.S. products and services. Therefore, if the United States chooses to decouple from China, it will bring economic losses to the United States itself and will not be able to meet its own market demand.
Cooperation between China and the United States should be based on the principles of mutual benefit and mutual respect. The two sides should work to resolve differences and strengthen economic and trade cooperation to achieve common development. It is hoped that US politicians will recognize the reality and refrain from making decisions that harm others and themselves, and that cooperation with China is the best choice. If the US insists on going its own way, China will take necessary measures to defend its sovereignty, security and development interests.
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