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The stability and tension of Sino-US relations have a direct impact on the global situation. Recently, frequent exchanges between China and the United States have shown a certain turning point. The choice of the meeting between Wang Yi and Sullivan to be held in Thailand rather than Europe underscores the urgency of the negotiations. The high-level meeting was with US Security Adviser Jake Sullivan, indicating the willingness of the two countries to communicate and cooperate in the field of global security affairs. Earlier, Yellen also expressed her willingness to visit China, showing the efforts of the two sides to seek cooperation when there are differences in the relationship between China and the United States. In addition, the latest U.S. bond data also shows some positive signs, although the scale is small, but it means that China's attitude towards U.S. bonds is changing.
In addition to economic and business talks, China and the United States are also actively looking for common ground in the field of commerce and trade. The secretary of commerce once shouted at the United States, stressing that the common interests of the two countries in the economic and trade fields outweigh their differences. High-level meetings between the two sides are scarce but important, indicating that the two countries are gradually looking for areas where they can cooperate. With the release of the latest U.S. Treasury situation, the continuous sell-off has eased, and China has increased its holdings slightly. This signal shows that the willingness to cooperate between China and the United States is gradually increasing.
The size of the U.S. debt of $34 trillion is worrying, and Yellen has expressed concern about the issue. The U.S. fiscal deficit has led to spending more than revenue, and it needs to sell U.S. debt to balance the fiscal balance. As the largest creditor of the United States, whether China is willing to continue to ** U.S. debt has attracted much attention. In fact, what China has to offer is key. If China can reap huge returns in the process of taking over, why not? Although Sino-US relations are now in a state of confrontation, the convergence of interests is not absolute, and the enemy is not necessarily reliable. For China, it is not in its own interests to confront the United States, and a stable and peaceful development environment will help promote the development of the United States and the economy. In addition, there are many huge interests in the United States, and for China, it is even more beneficial to cooperate with the United States. In addition, in a complete confrontation with the United States, China may not be able to reap the maximum benefits and face more trouble. Therefore, we must be cautious and seek to maximize interests in the confrontation between China and the United States.
At a time when the world is waiting for the United States to solve its economic problems, China offers the United States an opportunity. While the U.S.-China relationship is fiercely competitive in some areas, it is good for China to work with the United States. At the same time, it cannot be ignored that 2020 is the first year of the United States, Biden needs the support of external forces, and cooperation with China may be crucial for him to win. Many people question why the United States does not lift restrictions on China, because this is the bottom line of the United States, and abandoning these restrictions means losing its own interests. Any competition for interests is not just about gains and losses, but also about seeking the greatest benefits at the lowest cost. Therefore, in the process of peaceful rise and revival, the trade-off is for the ultimate victory.
The stability and tension of Sino-US relations have a direct impact on the global situation. Recently, frequent exchanges between China and the United States have shown some turnarounds, including the choice of Thailand for the meeting between Wang Yi and Sullivan, Yellen's willingness to visit China, and China's increase in holdings of U.S. debt. This shows that China and the United States are looking for areas where they can cooperate, and that cooperation between China and the United States is beneficial to both sides. Although the U.S.-China relationship is competitive in some areas, there are greater benefits to be gained by working with the U.S. to help both countries develop. In the process of rising and rejuvenating in peace, China needs to carefully seize the opportunity and pursue the maximization of interests. In general, the stability and cooperation of China-US relations have an important impact on the global situation and economic development.
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