The third summit of the China-US Economic and Trade Special Group recently held in Beijing was also the first off-site meeting held in Beijing, which attracted great attention from all sides. According to an official Chinese press release, the talks were "in-depth, frank and constructive." U.S. officials say they do not seek economic "decoupling" between China and the United States, but instead want to establish good economic and trade ties, and expect China to give American companies an equal platform. China has also called for the lifting of import taxes on China, while also closely watching the sanctions imposed by the United States on Chinese companies. The heads of the Sino-US Department of Commerce held a meeting at the meeting, and both said that Sino-US economic cooperation is the key to bilateral relations, and they will work to achieve the consensus of the leaders of the two countries, continue to deepen cooperation, and solve their respective problems. The US side said that it wants US-China relations to develop steadily, and is happy to see the results of the Sino-US economic and trade task force, and looks forward to another visit to China.
During this period, the U.S. Secretary of State, Secretary of the Treasury, and Secretary of Commerce visited China, and China also visited the United States, and successfully hosted the San Francisco Sino-US Summit. In January, the US Secretary of State said at the "Davos" meeting in Davos that it is very important to maintain US-China relations, and said that US-China exchanges will be more frequent next year. According to analysis, the meeting of the Sino-US Economic and Trade Working Group is on the one hand to prepare for the United States' visit to China, and on the other hand, it is also to pave the way for Biden's visit.
At present, the United States is in the midst of a debt crisis, inflation, a fiscal crisis and some hot issues in the international community. Biden's administration needs China's cooperation or help from China. The lifting of tariffs on Chinese-made tinplate by the United States was seen as a sign of goodwill. Clinton said that there are still many differences between the United States and China, but the two countries should try to maintain flexible exchanges so as not to further aggravate the situation due to misunderstandings.
The war between China and the United States was launched by the United States, but in the past two years, it has not achieved the desired results, plunging the US economy into a further depression. The Biden administration is under tremendous pressure to work hard to build good relations with China. The thing that worries the United States the most is its debt, which for the first time exceeds 34 trillion, weighing on all Americans. Biden's administration wants China to increase its purchases of U.S. bonds or end selling U.S. bonds.
The U.S. Taiwan-related behavior is seen as a means to negotiate with China and maintain U.S. economic supremacy. The Philippines has increased its military presence in the Taiwan Strait as the United States lifted tariffs on certain products. Some analysts believe that the Philippines hopes to cooperate with the United States on Taiwan-related issues in exchange for US assistance in the South China Sea. China has repeatedly reiterated that the Taiwan issue concerns China's fundamental interests, and urged the Philippines to handle it cautiously and not to "play with fire" in front of itself
The relationship between China and the United States has many challenges as well as opportunities. We need to maintain close exchanges, resolve our differences, and push bilateral relations to a new height.
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