February 5 to February 6, 2024The China-US Economic Working Group held its third meeting in Beijing. The meeting was co-chaired by Vice Secretary of the Treasury Liao Min and US Deputy Secretary of the Treasury Sambo.
The meeting was fruitful and played a positive role in promoting the results of last year's visits to China by US Treasury Secretary Janet Yellen and Commerce Secretary Raimondo. On the one hand, it said that it does not seek decoupling from China, but on the other hand, it has imposed various restrictive measures, such as imposing tariffs and canceling anti-dumping duties on tin-plated steel, which has brought uncertainty to Sino-US relations.
U.S. sanctions are purportedly designed to protect domestic manufacturing jobs, but this approach could be counterproductive. And in terms of China and the United States,Although the United States has been trying to form a technological blockade against China, China has still made a major breakthrough in the field of chips, and at the same time, China has made every effort to carry out scientific and technological innovation and industrial upgrading, and has achieved large-scale substitution of domestic imports.
In this case, the United States seems to have entered the final stage of suppression of China, and the financial sector has become the last threshold of US sanctions.
The U.S. interest rate hike has had a certain impact on China's economy, but China has announced the opening of its financial markets to attract international capital inflows in response to the U.S. interest rate hike suppression.
Against this backdrop, China insists on developing itself and seeking ways to deal with it. Despite the difficult situation, China believes in its wisdom and resilience and will continue to move forward.
In the face of such a complex international situation, what we need to think about is, how will the relationship between China and the United States develop? Will China's opening-up efforts attract more international capital? We look forward to your comments and commentsShare your views and perspectives.
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