The relationship between China and the United States can be described as a rollercoaster.
In order to stabilize the global economy and prompt the United States to face reality, we have always been willing to negotiate, adhering to the strategy that it's better to resolve conflicts than to escalate them.
Prior to the China-U.S. meetings, China had suspended gold purchases for four consecutive months and correspondingly increased its holdings in the U.S.
It was assumed that Janet Yellen's active visit to China would gradually lead to reconciliation between the two countries on more issues.
However, it was unexpected that as soon as China made concessions to the U.S., the U.S. struck back harshly, with the House of Representatives passing a series of China-related bills.
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Not only did they target Chinese enterprises, but they also threatened to take action against China's overseas assets if military action was taken against Taiwan.
Is the U.S. trying to make a clean break or just building momentum for Yellen's visit to China?
They talk about cooperation, but then they take action against China.
Is the U.S. reneging on their promises after getting what they want?
Is it cooperation or a trap?
While China and the U.S. were in intense negotiations to resolve their differences, and Yellen expressed her willingness to visit China again to promote cooperation, it was surprising that as soon as China paused gold purchases, the U.S. took action again.
They not only targeted Chinese enterprises but also interfered in Chinese affairs.
Is the U.S. trying to force negotiations through military means?
Recently, according to media reports, while high-level talks were ongoing between China and the U.S., the U.S. was restless domestically, with the House of Representatives passing multiple China-related bills with a significant majority of 351 to 36.
These included so-called biosecurity bills and a direct ban on DJI.
Most incomprehensible was the U.S.'s interference in Chinese affairs, passing bills related to Taiwan and other issues.
It can be said that there is no sincerity in the U.S.'s negotiations with China.
It should be noted that in the recently released gold reserve data, it shows that we have not increased our gold holdings for four consecutive months, and we have not reduced our U.S. debt holdings recently, but instead increased them by about $11.9 billion in June.
This is a significant concession to the U.S. After all, everyone knows that the dollar and gold are in a seesaw relationship; a strong gold market means pressure on the dollar.
If we were to aggressively increase our gold holdings, it would put tremendous pressure on the dollar.
Moreover, the U.S. is currently facing issues of interest rate cuts and monetary easing.
The dollar is already weak, and if China were to increase gold holdings and reduce U.S. debt, it would be like heavily shorting the U.S., giving the U.S. a huge opportunity to breathe.
Even Saudi Arabia, which has always been vague about settling oil in RMB, has recently expressed an open attitude towards RMB for oil.
This means that not only do we see the U.S. in a negative light, but even its core allies are increasingly bearish on the U.S. And before all this, Yellen stood up and stated that any efforts by the U.S. to decouple from China would be disastrous.
Yellen also expressed her willingness to talk with China, either in the U.S. or in China.
It can be said that Yellen's attitude is still pragmatic.
It was thought that Yellen's statement was to promote cooperation between China and the U.S., but unexpectedly, before any signs of easing tensions appeared, the U.S. not only overturned everything but even intensified its actions, using almost every means that could threaten China.
They have adopted policies that can affect China's development and have passed them through legislation.
What is more critical is that in this vote, 351 members voted in favor.
Compared to the 36 votes against, it is basically overwhelming.
This indicates that containing China has become a basic consensus in the U.S., and the so-called cooperation is just temporary and verbal.
Even if there is cooperation, it is all about China making concessions, and the U.S. taking back its words.
It can only be said that the U.S. has calculated everything too well, and for us, it is correct to maintain a good relationship between the two countries to avoid extreme confrontation, but we can no longer have higher expectations for the U.S., especially not to underestimate the U.S.'s bottom line.
Looking back at Yellen's previous visit to China and earlier this year, we can roughly judge what the U.S. wants.
Before Yellen's visit to China last year, the U.S. exerted extreme pressure on China, using chip sanctions to force China to concede.
The result was that Yellen not only did not get what she wanted but was also counteracted by China, and the U.S. sanctions did not achieve their goal.
This year, when Yellen visited China, she talked a lot, saying that China and the U.S. cannot confront each other, and confrontation is not beneficial to anyone.
However, as soon as she turned around, she loudly put forward the so-called theory of China's overcapacity.
The result we saw was that from the U.S. to Canada and then to the EU, they all erected high tariff walls against us.
The theoretical basis comes from Yellen's mouth about overcapacity.
However, the fact is that the Chinese capacity that Europe and the U.S. have sanctioned is not overcapacity but emerging industries in the market.
It is just that Europe and the U.S. cannot catch up and have fabricated a lie.
The facts are not important; what is important is to contain China.
This time, Yellen once again expressed her willingness to visit China, and the U.S. House of Representatives has taken out all the means of sanctions and even blacklisted five Chinese bio-enterprises.
This is to show that the U.S. is now out of options.
They want to be soft but feel unwilling, so they still use the method of extreme pressure.
It can not only enhance the confidence of allies but also force China to concede.
And the most vicious point is that the U.S. said that if we take military action against Taiwan, the U.S. will disclose the financial accounts of specific groups and restrict the financial services of their direct relatives.
It can be said that the U.S. is determined to fight to the end.
It should be noted that we usually won't give these information to the U.S., but now they are actually using it as a public threat.
It can only be said that the U.S. is out of options.
For us, we cannot be intimidated by the U.S. at this time, and we should be more determined in our confidence.
We should act when we should act, and we should not be afraid of the U.S. holding some handles, because this is a damage to the interests of most people.
So we should be prepared for the U.S. to show its cards.
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