Yellen's return to China, where is China's new energy heading?

Author: Tao Shun Finance

When U.S. Treasury Secretary Janet Yellen visited China again, the things that should be discussed were not popular, and the meal she had in Guangzhou became popular first.

Yellen's first meal in Guangzhou was Tao Taoju. Before coming to China, Yellen said that reaching out to people around the world is a key part of her job, and that the best way to do that is through food and local restaurants.

Yellen's food is quite good, and she likes to pick old reputations, she went to North Carolina for a meeting last year, and she drove herself to forage for food, walked into a country smokehouse called Ray's, and ate very well, saying that the old-fashioned baking pit is fragrant. When I came to China last year, I ate Yunnan cuisine at a restaurant in Sanlitun, Beijing, and I had a soft spot for mushrooms.

Yesterday, Yellen and her entourage went to eat Tao Taoju, which is a time-honored brand in the local area. This meal is remarkable, neither disturbing the people, nor mysterious, and may seem normal to Americans, but in the eyes of Chinese, it will be considered very rare and extremely close to the people - the US consulate requires that the meal be eaten in the lobby, and the screen partition is opened to eat with the citizens of Guangzhou.

They did not hold up the signs of "silence" and "avoidance" as the ancient Chinese officials did, and drove away the common people and miscellaneous people, nor did they hide themselves, so there was no need to guess what kind of plane these people were going to build. It's casual and transparent.

Casual is not only eating, but also the "equipment" for traveling, carrying a bag cross-body, like a retired grandmother going out to play, and a computer may be installed in the handbag, which can be "business" at any time.

Not only did there be no entourage with an umbrella, but no one carried a bag, and after two more looks, I actually felt a little "lonely" for her. Such a big cadre, just such a battle, this kind of light and simple style, quite the style of hard struggle in the early days of communism, for a few seconds, I almost forgot that she was from the United States.

Well, you can't be deceived by this simple appearance, Yellen will definitely talk about some business issues of interest with China when she comes to China this time.

She was ordered by Biden, and they are quite hostile to China's new energy vehicle industry, trying to exclude China's new energy from the United States, and the reasons for national security and countervailing are very far-fetched, and the real intention is not to let Chinese electric cars seize the American market. This is obviously more open in China, and the American brand Tesla is produced in China, not only to China, but also to the world.

If you are really so resolute in countervailing up, why do you declare countervailing to China while vigorously subsidizing the U.S. chip industry?

Isn't cooperation in tackling climate change one of the outcomes of the San Francisco Summit? The development of new energy vehicles is certainly conducive to alleviating the climate problem.

At this point in the year, the United States has actually become a major obstacle to tackling climate change. The United States now has a large amount of oil and gas energy in its hands, which it sells not only to the Americans, but also to the whole world. The two industries of oil and gas, energy and new energy, must be a relationship between one rise and one fall.

If the United States continues along this path, 2024 may be the year of the inflection point of China's new energy vehicles, and such trade barriers will not be a good thing for the new energy industry practitioners and consumers in China and the United States.

In my opinion, new energy is a new sensitive point in the interest game between China and the United States after Huawei.

Let's end this article with some light-hearted content, this is the Yellen package that everyone cares about, and I think the biggest highlight is that there is roast goose.

Tao Shun Finance - understand the collection of people

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