As the New Year approaches, the U.S. Treasury delegation plans to go to China for economic dialogues, which has attracted widespread attention. This makes people wonder, why is the United States so anxious? What are the key issues that will be the focus of this U.S.-China Economic Dialogue?
It is understood that US Deputy Secretary of the Treasury Jay Chambeau will lead a delegation to visit China later this week for bilateral talks. This is the third meeting of the U.S.-China Economic Working Group, and in just four months, three intensive economic dialogues have been held between China and the United States. Behind this frequent dialogue is a clear message that the United States is eager to stabilize its economic relationship with China, as the second half of this year is approaching, and if problems arise on economic issues, Biden's re-election may be hopeless.
According to reports, the talks will cover global economic risks, the economic outlook of the two countries, investment review regimes in the field of **, and cooperation in debt relief for poor countries in the field of climate. Among them, the issue of investment review has always been the focus of the dispute between China and the United States. The United States often adopts discriminatory policies against China on the grounds of ***, and even signed an executive order in August last year to strictly restrict US companies' investment in China, especially in the high-tech field. In this negotiation, the United States needs to show sincerity, and China will firmly defend its rights and interests.
Another important issue is debt relief for poor countries. In recent years, the global pandemic and geopolitical crisis, coupled with the irresponsible interest rate hike policy of the United States, have led many economies into debt crises.
The motivation behind the frequent demands of the US side on China's debt relief for some poor countries is worth pondering. The United States may not really care about these countries, but is trying to use this topic to carry out ** attacks, spread the so-called "China debt trap theory" and create pressure on China.
It is worth mentioning that the friction between China and the United States in the economic field in the past two years has mainly been provoked by the United States. During the Trump era, the first war was waged and high tariffs were imposed on Chinese goods. After Biden took office, although he was aware of the drawbacks of this policy, he continued the war and introduced policies and regulations that undermined Sino-US economic and trade exchanges.
This has not only worsened the economic and trade atmosphere between China and the United States, but also undermined the stability of the global production and supply chain.
The current game between China and the United States has developed to this point, and the trick of unilateral profit by the United States is no longer realistic. Given the continuity of U.S. policy and Biden's upcoming election, it may take more time for U.S.-China relations to improve. During Biden's tenure, there is also great uncertainty about whether the outcome of the negotiations between China and the United States can be sustained. In the face of this reality, China and the United States need to show more sincerity and work together to resolve existing differences and put economic cooperation on a more robust track.
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