Note: This article is a compilation of Professor Libo's speech
Now, why we have begun to continue to increase our holdings of U.S. bonds, "Asian Vision" recently released a video, titled "Yellen will go to China for an interview, China finally increased its holdings of U.S. bonds", the video said that the third meeting of the China-US financial working group was held in Beijing recently, and the two sides reached some consensus at the meeting. At the end of the Chinese news, the two sides agreed to continue to maintain communication, and more importantly, after continuously reducing its holdings of U.S. bonds, China began to increase its holdings of U.S. bonds by 12.4 billion U.S. dollars, so that China's holdings of U.S. bonds recovered to $782 billion, and if it continues to increase, it is likely to exceed $800 billion.
In addition, although the situation of the dollar is getting worse and worse, we still have to clear up and realize that the dollar is still the most influential international currency in the world, and at the same time, the US bond is still one of the financial products that global financial investors are most willing to buy.
In addition, the renminbi is becoming more and more popular in the world, and if China invests in the U.S. market, there will be a lot of foreign capital to follow, and then the opposite is still the case, and we may withdraw these foreign capitals, and the United States itself must see this clearly. What the United States lacks most now is money, if China does not invest, there will be many countries in the world that will not invest, this is the China effect, which is fatal to the United States, so the United States hopes that China will help, and China has also given the United States face and fulfilled our promises.
After all, after this Taiwan election, the United States finally relented and promised China one sentence, that is, it adheres to one China and does not support Taiwan independence, and the latter half of the sentence is the most crucial; in the past, the United States only said that it adheres to the one-China principle, and has never said that it does not support Taiwan independence.
Therefore, on the premise that it does not support Taiwan independence, we have adhered to the one-China principle, and we have also shown our sincerity and the commitments we have made to it, and we have done such a practice that is sincere and genuinely willing to cooperate with it.