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What exactly does US Treasury Secretary Yellen's "visit to China" mean? Let's not mention that Biden called, on the surface, he said nice things to China, but behind the scenes, Yellen came with a so-called "tough" message. In a speech, she bluntly said that China's overcapacity of solar energy, electric vehicles and lithium batteries has made goods too cheap and seems to pose a "threat" to the global economy.
Why does this logic sound so awkward? Could it be that it is sold cheaply so that everyone can afford to use it, but it has also become wrong? We have to think carefully about the little abacus behind this.
Yellen wants China to abolish three trump cards
Let's take a closer look at the inside story of Yellen's visit to China and its implications.
First of all, it is necessary to recall the reason for the trip: US President Baden had an in-depth telephone exchange with China, which seemed to convey some kind of conciliatory intentions. U.S. Treasury Secretary Janet Yellen then traveled to China on April 5-6 to participate in a multilateral meeting with high-level Chinese officials and Ho Lifeng in Guangzhou.
What is striking is that Yellen's persuasion of China's green energy strategy, including exports of solar energy, electric vehicles, and lithium batteries, during the meeting is almost equivalent to asking China to cut itself off.
The United States is really ruthless in this move, first Biden made a phone call and put on a friendly appearance, and then Yellen came, but with a "tough" message.
The U.S. media hyped China's overcapacity, but in fact blindly followed the trend.
U.S. Treasury Secretary Janet Yellen expressed concern about China's new energy vehicles and other fields, which seems to be a "kind reminder", but in fact it is a strong barrier.
However, it is worth noting that in these three areas – new energy vehicles, lithium batteries and photovoltaic technology products – they are all the result of China's great energy and investment. For example, in the past year, China's exports of related goods have shown a 30% growth rate, and its revenue has exceeded the 1 trillion yuan mark for the first time.
This phenomenon not only reflects the strength and competitiveness of China's manufacturing industry, but also is an important symbol of China's scientific and technological innovation and progress. The series of measures taken by the United States against China is nothing more than an attempt to suppress China's development and preserve its hegemonic position.
Tesla's example is even more proof that the original electric vehicle hegemon with unlimited scenery is now so cost-effective that the competitive pressure is so high that it has to cancel the low-cost model plan and instead develop autonomous driving technology.
What does this mean? It shows that China has done a good job in controlling technology and costs, and is highly competitive.
In order to protect local companies, the U.S. government has begun to raise the banner of "national security", and Chinese electric vehicles, Huawei, and even Chinese cranes have been branded as "national security risks".
This routine is too bad, and it's too obvious, isn't it just an excuse to suppress competitors.
The Chinese side is fighting against the United States at home
Yellen's flight to China this time should be a gentle and drizzly visit, but as soon as she opened her mouth, she wanted China to "self-palace" in the field of new energy.
This trick is really ruthless. She has held an unknown number of rounds of talks with China's top brass on the topic of what she calls "overcapacity."
Yellen's meaning is nothing more than to let China slow down in the field of new energy, so that the United States cannot keep up with the rhythm.
However, how can we Chinese easily give in? Chinese Ambassador to the United States Xie Feng gave the US side a resounding reply in fluent English on US territory.
In an exclusive interview with Newsweek, Ambassador Xie Feng bluntly said that Yellen's theory is a "false proposition".
In the final analysis, China's new energy industry can develop to this point, it is based on its own technology and quality, and what does it have to do with subsidies?
China's green production capacity is not only a catalyst for domestic economic transformation, but also a great contribution to the global achievement of the 2030 Sustainable Development Goals. In particular, the United States, as the world's largest carbon emitter, should say thank you for its contribution to China.
Let's look back at Yellen's visit, and it is not difficult to find that the United States has exhausted all kinds of means to make China's new energy industry give up its advantages.
But this strategy, in China, obviously does not work. China is not scared, both internationally and in technological innovation, we have enough confidence and ability.
Don't look at Yellen's serious raising of the so-called "overcapacity" problem, in fact, the meaning behind it is that the United States is not accustomed to the rapid development of China's new energy industry and is worried that its position will not be guaranteed.
After all, new energy vehicles, lithium batteries and photovoltaic products, these are all landmark products of China's manufacturing transformation and upgrading, which not only represent China's industrial strength, but also a symbol of the rise of China's intelligent manufacturing.
Ironically, in order to protect its own enterprises, the U.S. government does not hesitate to sacrifice the banner of "national security" and wants to ban China's electric vehicles.
This routine is not only used on Huawei, but even Chinese-made cranes have been labeled as "national security risks". Isn't this a reason to suppress competitors?
Every step of China's development in the field of new energy is based on long-term planning and huge investment, which is the crystallization of the hard work and wisdom of countless Chinese scientific researchers.
We Chinese have an old saying called "strength does not allow me to bow my head".
China sticks to its own path
China's response strategy is clear: to stick to its own path and not be swayed by outside voices. China's goal is not to overtake the United States, but to return to its rightful place.
In the past, China has long accounted for one-third of global GDP, and now it is only trying to return to that position.
Although the United States is temporarily leading in finance, hegemony, and dominance, China is slowly narrowing this gap by insisting on its own industrial upgrading and technological innovation.
By focusing on areas such as new energy vehicles, lithium batteries, and solar energy, China is trying to seize the commanding heights in the wave of Industry 4.0 and gain a new foothold for itself.
We know that the United States is actually suppressing because it realizes that it is lagging behind in emerging industries. The actions of the United States are nothing more than an attempt to buy time for itself through policy restrictions and try to catch up in the field of emerging industries.
However, the wheel of history has rolled forward, and the best period of development has been missed, and it is very difficult for the United States to take the lead again.
China's strategy is sensible. In the face of various suppressions by the United States, China did not choose direct confrontation, but continued to adhere to its own development path and steadily promote the development of the new energy industry.
This is not only a response to external challenges, but also an insistence on its own development path.
At the same time, China is also demonstrating its contribution to the world through practical actions.
China's new energy industry has not only created a large number of jobs in China, promoted economic transformation and upgrading, but also provided solutions to global environmental protection and climate change problems.
These cannot be denied by a simple "overcapacity".
In the future, China will continue to increase investment in new energy, artificial intelligence, biotechnology and other fields to promote the healthy development of these industries.
Through continuous technological innovation and industrial upgrading, China hopes to occupy a more important position in the global industrial chain and make greater contributions to the sustainable development of the world.
In the face of various strategies and challenges of the United States, China's response has been calm and strategic. By sticking to its own development path and continuously improving its competitiveness, China is proving to the world that it can transform from a catch-up to a frontrunner through its own efforts, even under external pressure.
It's a long and difficult process, but China is ready to meet the challenges and move towards a more brilliant future.
References:
Lianhe Zaobao "Before her visit to China, Yellen said a crooked reason: Chinese goods are too cheap, which hurts the United States?"
Xinhua News Agency, "What is the intention of the West to hype up "China's overcapacity"?
Global Network "China is Seriously Concerned About Economic and Trade Restrictions, US Treasury Secretary Reiterates "No Decoupling" During His Visit to China