U.S. media news: U.S. Treasury Secretary Janet Yellen will visit China this week, which is not the dawn of victory in the Sino-US trade war, but the clarion call for a decisive battle.
The news of US Treasury Secretary Ye Lun's visit to China was released as early as last month, but in the past half month, the United States has been suppressing China for a moment.
At the end of last month, the United States revised the semiconductor export control measures again within half a year, and even began to formulate a list of China's advanced chip manufacturers, and Huawei and SMIC may be on the list.
At the same time, hundreds of Silicon Valley executives and dozens of U.S. lawmakers conspired to lobby the Biden administration to suppress China's AI technology development.
Prior to this, TikTok was targeted by the U.S. government, and the House of Representatives overwhelmingly voted to introduce a bill requiring ByteDance to divest control of TikTok. The US crackdown on China has intensified step by step, and it has also exposed the hypocrisy of the so-called "free trade" of the United States.
The world trade and financial landscape is about to change, and this is not the feeling of an ordinary person.
In recent years, new energy technologies led by China have been promoted all over the world, such as optoelectronics, wind power, and new energy vehicles...... It has spread all over the world, because of China's huge industrial advantages and complete, independent and dominant industrial chain, so that China's optoelectronics, wind power, especially new energy vehicles have an unsurpassable price advantage, and it is destined to be accepted by the world. Biden knows it, the Biden administration knows it, and the U.S. plutocracy behind the Biden administration knows it.
They know that once China's products and renminbi go to the world, their technological and financial hegemony over harvesting the world will no longer exist, and they can no longer earn money lying down.
Of course, the leaders of Nvidia, Micron, Apple, and other companies have come to China several times, ostensibly to save their image in China, but behind them they actually want to get a piece of the pie in the world trade pattern that is about to be reshaped.
The U.S. government is helpless against the "defection" of these companies, and still pursues the confrontational ideology of the Cold War, still suppresses Chinese companies in the name of "national security", and still insists on "decoupling and breaking the chain" with China. But the trade war has continued to this day, the United States has not only high inflation, but also lost its national credibility, while China, on the other hand, is galloping on the new track, and no one can stop it.
The most important thing is that with the deepening of Sino-Russian cooperation and the development of the BRICS cooperation mechanism, the level of internationalization of the RMB is getting higher and higher, and more and more countries are using the RMB for trade settlement, and more and more countries can no longer do without Made in China, including the United States itself.
Seeing China's development, but being powerless to stop it, is the most desperate thing for the United States. Politicians in the United States are so desperate that they are starting to open their eyes and tell nonsense.
Ahead of Yellen's visit, the U.S. Treasury secretary made public comments on China's industrial policy, saying that China's export strategy could threaten the stability of global supply chains in the solar, electric vehicle and lithium-ion battery service industries. She claimed that China's subsidies and excess capacity are not good for the development of American companies.
It can be seen from her remarks that Yellen came to China not for any compromise or cooperation, she was just angry at China's absolute advantage in the new energy industry, and came to China to point fingers.
But Yellen's trip was destined to go home empty-handed. The Chinese have clearly seen the essence of the United States and know that the American set of statements is a lie, and as long as the United States does not compromise, then the confrontation will continue.
However, Yellen's visit to China this time actually tells us one thing, that is, the US-led trade and financial system will not be able to hold on, and the horn of the decisive battle will be sounded!