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Recently, the interaction between China and the United States has been frequent, and various high-level requests for dialogue have followed. Not long ago, Assistant Secretary of State for Asia-Pacific Affairs Conda and White House Senior Director for China Affairs of the National Security Council Bersalan visited China and met with the Chinese Vice Foreign Minister. In addition, U.S. Secretary of State Antony Blinken is reportedly planning to visit China on June 18, and it seems that China and the United States are gradually "bringing them closer" and restarting the mechanism of "dialogue." However, the question of whether China should provide assistance in this process, and in what form, is far from as simple as it seems.
First, it is worth noting that China currently has sufficient financial resources to assume the responsibility of rescuing the United States. However, the current crisis in the United States can be said to be self-inflicted to some extent. For example, the United States, already mired in a debt crisis, has come to the aid of Ukraine on a massive scale, pouring tens of billions of dollars into a seemingly bottomless project. The initial expectation of the United States was that the world would follow suit, impose comprehensive sanctions on Russia, quickly weaken the Russian economy, and resolve its own debt crisis through "war". The reality, however, is that only about thirty Western countries responded positively, while others ignored it. This miscalculation bankrupted the U.S. war investment program, made it impossible to recover the funds, affected the market by the war, and reduced its ability to generate income. In short, the failure of the United States to gain enough international trust has led to suspicion that its blind investment decisions risk bankruptcy at any time. Therefore, the root cause of the crisis lies in the self-inflicted work of the United States, and even if China is willing to help, it cannot change the nature of this "self-destructive future".
Second, we need to consider the question of why there are people in China who are resistant to bailing out the United States. If the Americans use Chinese funds to aid Ukraine, does it mean that China is also engaged in an "act of justice"? Why are some people in China opposed to this? This actually reflects the fact that America's so-called Justice Assistance is largely a fiction. When our self-interest is at stake, we are able to discern the truth more quickly and make the right judgment. However, when this issue is not relevant to us, we may prefer to stay out of it.
Recently, China has taken a series of measures, such as interest rate cuts, to stimulate the domestic consumer market. While this has led to a depreciation of the renminbi, the move shows that China is taking steps to prepare ahead of time to prevent the collapse of the U.S. economy from having an undue impact on domestic life. While dialogue between China and the United States and improved bilateral trade relations are necessary, from an objective point of view, China is less likely to rescue the United States. The contradictions between the renminbi and the dollar between China and the United States cannot be reconciled. The contradiction between the United States pursuing monopoly and China pursuing development inevitably leads to confrontation. Ultimately, we need to think about whether it is better to bail out the United States, or whether it is better to deal with possible shocks and let the United States bear the consequences itself.
To sum up, the relationship and assistance issues between China and the United States are far more complex than they seem. While China has the financial resources to rescue the United States, the current crisis in the United States is largely of its own making, and America's so-called just assistance is debatable. China has taken steps to deal with potential shocks, but the possibility of rescuing the United States is relatively small. Ultimately, there is a need to weigh the factors and make informed decisions that allow the United States to bear the consequences of its actions.
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