The material in this article comes from the Internet, if it is inconsistent with the actual situation or there is infringement, please contact to delete.
Recently, People's Bank of China Governor Yi Gang was invited to the United States to attend the Spring Meetings of the International Monetary Fund, during which he held in-depth talks with the governors of the central banks of the six countries to discuss international financial cooperation. At the same time, Yi Gang met with Federal Reserve Chairman Powell during the meeting, and the two sides exchanged views on the economic and financial situation between China and the United States, but no consensus was reached. This result is not unexpected, given that there are still many unresolved differences between China and the United States. The complexity of the U.S.-China relationship makes the high-level talks themselves a rare breakthrough, and it means that both sides are trying to break the current impasse.
At the heart of the U.S.-China divide is America's perception of China's rise, viewing China as a competitor and adopting a policy of containing China. This policy, especially during the Trump era, took the tariffs on Chinese goods as an example, but this move did not have the desired effect. In fact, as a global manufacturing center, China's cost-effective goods have always been favored by the international market, and the United States is no exception. However, the increase in tariffs has led to an increase in the cost of living in the United States, and even the risk of inflation, which has led to more and more voices calling for the removal of tariffs on China.
The high degree of economic complementarity between China and the United States is a distinctive feature of bilateral relations. No matter how tense the relations between the two countries are, economic and trade exchanges have continued to grow. Even last year, the total economic and trade volume between China and the United States still hit a record high, reaching $690.6 billion. This shows that the economic sphere remains the most closely linked area between the two countries. There is no doubt that no matter how big the differences, the economic decoupling between China and the United States is difficult to achieve, because the United States depends on the Chinese market, and the interdependence of the Chinese and American economies also dooms cooperation to be the only way out.
In recent years, the United States has faced the risk of debt default, and the debt problem has become increasingly prominent. In response to this situation, the United States hopes that China will continue to increase its holdings of U.S. debt, prompting the dollar to flow back to the United States. However, China's recent dumping of U.S. bonds has raised concerns. This also exposes the embarrassment of US China policy in Sino-US economic relations. Not only that, US Treasury Secretary Yellen, Commerce Secretary Raimondo and other senior officials have said that they do not seek to decouple from China and do not seek to restrict China's economic growth, which shows that the US China policy is gradually adjusting.
However, behind the search for China's help, the US containment policy has not changed substantially. Earlier, US House Speaker McCarthy's move to meet with Taiwan leader Tsai Ing-wen seriously violated the Sino-US communiqué on the establishment of diplomatic relations and aroused serious concerns on the Chinese side. This inconsistency makes it difficult for high-level talks between China and the United States to reach a real consensus. If the United States sincerely wants China's assistance, it also needs to show a shift in its China policy.
To sum up, the complexity of the Sino-US economic relationship has to some extent constrained the outcome of the high-level talks. Although the United States has sought from China, there are still obstacles in the fundamental understanding and policy orientation of the two sides. To achieve Sino-US cooperation, in addition to balancing the interests of both sides, mutual respect and dialogue on an equal footing are more necessary. Only in this way can we find common convergence in the new chapter of Sino-US relations and stabilize the global economic pattern.
In the current international context, cooperation between China and the United States is far more beneficial than competition. However, in order to achieve cooperation, both sides must put aside prejudices and adhere to the principles of equality and mutual benefit. In the economic field, the deep integration of Sino-US relations has become an irreversible trend. Whether it is the construction of global supply chains or the cooperation in technological innovation, China and the United States need to work together. After all, both the huge potential of the Chinese market and the innovative strength of the United States are important partners that are difficult to replace each other.
In addition, the two sides should also jointly face global challenges, such as climate change and terrorism. This requires not only pragmatic cooperation between China and the United States, but also joint efforts to reform the international system to better respond to global issues in the new situation. As the world's two largest economies, China and the United States shoulder common responsibilities and missions and should play a greater constructive role in international affairs.
However, cooperation does not mean blind compromise. China and the United States still have differences on many issues, such as trade balance and human rights issues. These differences need to be resolved through dialogue and consultation on an equal footing, rather than unilateral sanctions or pressure. The two sides should respect each other's core interests and development paths to build a more stable and sustainable cooperative relationship.
To sum up, the future development of China-US relations requires the joint efforts of both sides. As two major countries, Sino-US cooperation is not only related to their own interests, but also to global peace, stability and prosperity. In the context of the current turbulent international pattern, the importance of Sino-US cooperation has become more prominent. Through constructive dialogue and equal cooperation, China and the United States can jointly create a new situation of cooperation and make positive contributions to the development and progress of the world.
The above content and materials are derived from the Internet, and the author of this article does not intend to target or allude to any real country, political system, organization, race, individual. The above does not mean that the author of this article endorses the laws, rules, opinions, behaviors in the article and is responsible for the authenticity of the relevant information. The author of this article is not responsible for any problems arising above or related to the above and does not assume any direct or indirect legal liability.
Due to the rules of the platform, you will only be recognized as a fan if you have more interaction with me. If you like my article, you can click "Follow", and you can receive the article push as soon as you become an iron fan. This article is only published in today's headlines, please do not move.