U.S. Treasury Secretary Janet Yellen plans to visit China again from April 4 to April 9, and judging from the information released by the Chinese side, Yellen's visit to China, like in 2023, is the result of mutual agreement. Compared to her 2023 visit, Yellen's trip has more than doubled. Yellen's visit to China comes after the U.S. Treasury Department released its report on international capital flows in January 2024, and judging from the official data released by the United States, China has significantly reduced the size of its U.S. bond holdings in the first month of 2024, so it is a big shock to the United States. As for Yellen's visit to China, the outside world has generally believed that the United States has asked China for something, so there is already quite a bit of an intention for the United States to ask China to increase its holdings of U.S. bonds.
Judging from the public data, China will increase its holdings of U.S. Treasury bonds for 3 months in 2023, and sell U.S. Treasury bonds for the remaining 9 months, and it is clear that the actual actions of the United States in 2023 will not be able to convince China to increase the scale of its holdings of U.S. Treasury bonds. As far as the current situation of US fiscal revenue is concerned, the United States simply cannot stop issuing US Treasury bonds, resulting in an increasing scale of US Treasury bonds, and it is no longer feasible for the US Congress to limit the size of national bonds, because if the issuance of Treasury bonds is stopped, it will not be possible to solve the problem of the US Government's fiscal deficit, so the issuance of Treasury bonds is like an addiction, and neither the US Government nor the White House can stop it.
U.S. Treasury officials have visited China before, and now it is the "final word", and both China and the United States have announced that Yellen's visit to China will begin on April 4. Yellen's visit to China is also an opportunity because China and the United States held a high-level phone call on April 2, so it can also be seen that Yellen wants to "strike while the iron is hot" in an attempt to gain China's support. Judging from the words and deeds of officials, Yellen is a cabinet member who rarely insists on communication and cooperation with China in the Biden administration, because Yellen is in charge of the "money bag" of the US government, and Yellen knows the details of the United States best, so she actively seeks dialogue with China.
However, when Yellen's visit to China was finalized, the Pentagon was not polite, because it had already used the B-52H strategic nuclear bomb, according to information released by Japan, the US Air Force used the B-52H strategic nuclear bomb on April 3 to carry out a mission near the first island chain. The U.S. Air Force's B-52H took off from the U.S. military's Yokota base in Japan, although Japan did not announce the specific mission of the B-52H. The U.S. Air Force B-52H's stay in Japan has already attracted the attention of the outside world, and in fact, judging from the information released by the French media, the B-52H was already operating on China's doorstep on April 2, because it participated in joint military exercises in the airspace near Jeju Island in the East China Sea.
Judging by the information published by the French media, the United States, Japan and South Korea held joint military exercises on April 2, thus baring their sharp fangs on China's doorstep. The U.S. Air Force's use of the B-52H highlights the U.S. trick of both soft and hard, the U.S. is trying to seek China's assistance through dialogue, and at the same time the U.S. has not relaxed its deterrence and containment in the military field, thus trying to force China to make concessions in many fields, and to accept the U.S. world hegemony, in fact, it is to ask China not to fight back and scold and not to return the word, obviously the United States is overestimating its own influence, but also underestimating China's determination and strength, when China can look at the United States levelly, China will obviously not give in.