Before the film, according to the custom, first report our family background.
On June 15, Eastern Time, the day before Beijing time, the U.S. Treasury Department released its International Capital Flows Report (TIC) for April 2023. Japan, the largest creditor, increased its holdings of U.S. debt by $39.3 billion, while China edged off its holdings of $400 million to $868.9 billion, the report showed.
With Lao Zhu's common sense, the Celestial Empire should have not increased or decreased, and this so-called small reduction of $400 million in US bonds should be the result of price fluctuations.
Let's look at the other data:
According to information released by the General Administration of Customs on June 7, the total import and export volume of the mainland in May was US$501.19 billion, down 6.2%. Among them, exports were 283.5 billion US dollars, down 7.5%; imports were US$217.69 billion, down 4.5%; The trade surplus was US$65.81 billion, narrowing by 16.1%.
According to data released by the State Administration of Foreign Exchange on June 7, as of the end of May 2023, the mainland's foreign exchange reserves were US$3,176.508 billion, compared with US$3,204.766 billion in the previous month, a decrease of US$28.258 billion.
To emphasize again, the mainland foreign reserve data listed in all of Lao Zhu's articles are only simple monetary amounts, excluding the IMF's reserve positions, special drawing rights, gold, and other reserve assets.
To sum up: In May, the mainland reduced its holdings of US debt by $400 million, with a trade surplus of $65.81 billion, and foreign reserves by $28.258 billion:
-4 - 658.1-282.58=944.68
That is to say, in the past month, what we earned, plus our reduction in US debt, plus the reduction of books, a total of 94.468 billion US dollars were exchanged for other assets, and last month's figure was 48.806 billion US dollars, and the pace of de-dollarization is accelerating.
To explain, foreign exchange reserves include U.S. bonds, that is, the $3,176.508 billion in foreign reserves announced by the State Administration of Foreign Exchange in May includes $868.9 billion in U.S. bonds, as well as more than $2 trillion in dollars, euros, yen, and all monetized assets including other currencies.
Last month, the US debt was basically equivalent to not moving, but quietly reduced nearly 100 billion US dollars in assets, in other words, the face was given to the United States, and the inside was left to itself.
Because Blinken visited China on the 18th, and the US Treasury's international capital report came out on the 15th, the absence of U.S. debt can be regarded as giving Blinken face.
After reporting our family background, let's talk about Blinken's visit to China.
Blinken is visiting China today.
Above:
On the homepage of the U.S. Department of State's website, when introducing the news of Blinken's visit to China, the background of the article was specially changed to China's street scene, which can be said to be superficial.
At this point, the question arises, Ruxin careful layout, who to do it?
It's not hard to answer this question, you only need to look at the topic of Blinken's visit to China.
The U.S. Department of State article on the website says:
Blinken will meet with senior Chinese officials during his visit to China. Blinken will discuss "maintaining open channels of communication" and "the importance of responsibly handling U.S.-China relations." Blinken will also mention issues of U.S.-China concerns, global and regional affairs, and possibilities for cooperation on common transnational challenges.
Obedient:
Meeting with senior Chinese officials: There is no mention of the supreme leader, so the chairman should not receive him, considering that the premier has gone to Europe today, so, basically, Qin Gang received, if the talk is good, meet Yang Jiechi, if the talk is not good, it will stop when Qin Gang is reached.
This can be seen from the official circular of the Chinese Foreign Ministry: Under normal circumstances, foreign leaders visit China at the invitation of whoever and who will visit China, while Blinken came to China "through consultation between China and the United States."
In this way, we come to the topic of today's article: Visit China, who will we see?
Lao Zhu estimated that the interview was shown to three parts of people:
1: American voters
It is about to enter the quadrennial US presidential election, and this Biden administration has been in power for most of the time, not to mention Biden, even Blinken has not visited China, what does it mean? It shows that "people smell", the Chinese government does not welcome it.
This is a very faceted thing, especially in the case of a bunch of problems in the United States, which will inevitably make voters in the United States doubt the Biden administration's ability to govern, so for the next election, Blinken is a dog to cross the Pacific Ocean and get China to visit.
The needs of domestic politics cannot be achieved without coming.
2: International capital
The US government is going to print money again, but now the global de-dollarization is in full swing, just the day before yesterday, the president of Kenya pulled his neck and shouted that Africa wants to de-dollarize, in this case, maintaining relations with the world's largest trade surplus country, changing the Celestial Empire without throwing away US debt, it is best to buy more, which is very beneficial to stabilizing the current situation of US debt and finding a new successor.
Don't believe you look, even if the Celestial Empire does not agree to buy US bonds, the US media will desperately create momentum, if the benefits given by the United States are enough, the Celestial Empire buys some US bonds, and the US media can blow into the sky.
Normal!
When Lao Zhu's relatives made "national pine pollen", a kind of health care product that said that direct sales were actually not much different from pyramid schemes, its salesman used a photo of my former national leader, the leader saw pine pollen is not fake, but whether he said those words praising this product, it is not necessarily, Lao Zhu is basically sure that those praises are made up by merchants.
Rounding around the bush to pour large sums in order to rely on bragging to fool is the commonality of pyramid schemes, and U.S. bonds are basically no different from pyramid schemes now, fooling who counts whom.
3: Little brothers, including the European Union
According to the White House website, Blinken's visit to China topics such as "maintaining open channels of communication", "the importance of responsible handling Sino-US relations" for discussion, Sino-US concerns, global and regional affairs, cooperation on common transnational challenges, etc., these are official clichés, Lao Zhu guessed, its real purpose is to end up in Ukraine, at least pull Poland or the Baltic three fools as a cushion, expand the war with Russia. Afraid that the Celestial Empire will sell Russian weapons, and even more afraid that China will encircle Wei and save Zhao Shun the martial arts, come to discuss with China, get some small favors, and change the Celestial Empire to watch.
At this point, some readers must have thought of Wanwan, after all, the United States now has no chips in its hands that the Celestial Empire wants.
Rest assured, even if Blinken uses Hetong as bait, the Celestial Empire will not let go, Wanwan is Lao Tzu's plate dish, and it is no longer your bargaining chip.
Here, Lao Zhu then stacked the next sentence, even if Blinken and Qin Gang talked about the weather in Beijing, this goods will go back and tell those doglegs in the European Union that Beijing promised me, when we have a showdown with Russia, they will not help Russia, nor will they send troops to the armed forces.
Lao Zhu guessed that the real purpose of Blinken's visit to China was to prepare for a showdown with Russia, and another point of supporting evidence is that Blinken has not yet boarded the plane, Sullivan went to Japan first, this goods and Japan, South Korea, and the Philippines senior officials all kinds of muttering, the surface seems to be appeased, but in fact it may be an explanation, that is, if NATO pulls the Russian-Ukrainian front outside Ukraine, this side of the Celestial Empire in the direction of Northeast Asia, you can't just watch, you also have to end.
Rest assured, we won't have anything serious.
At this moment, Lao Zhu was convinced that when the dynasty allowed Blinken to visit China, he was fully prepared - that is, there was a plan for any situation.
The knife has been unsheathed, the arrow has been wound, now it depends on the United States, whether to honestly retract back to the North American continent for peace, or fight to the death, expand the battlefield in the direction of Europe, even at the risk of fighting a third world war, to control Russia to death, and then concentrate forces to encircle and suppress the Celestial Empire, it depends on the courage of the Biden administration.
Beer, drinks, mineral water, peanuts, melon seeds, ham sausages...