U.S. Treasury Secretary Janet Yellen's trip to China nine months ago was mainly two-pronged. The first is to seek China's help. In the face of the increasingly prominent inflationary pressure and the risk of economic recession, the United States, in order to get China's help, especially hopes that China will continue to buy US Treasury bonds in order to maintain the stability of the US dollar and US bonds and avoid the risk of a collapse of the US dollar and US bonds. Because the United States continues to impose unilateral sanctions and suppression, there have been huge differences between China and the United States in economic and trade relations, and it has also brought great pressure to the US economy and had a great impact on the lives of American residents.
Since then, the two sides have held talks in various fields in the economic and trade fields, and have made relatively obvious progress in relevant areas, especially the suspension of exchanges between China and the United States in many fields due to US House Speaker Nancy Pelosi's visit to the United States, and also alleviated by Yellen's visit to China. The reason for such progress is inseparable from China's sincerity and China's willingness to strengthen cooperation with the United States.
Yellen's trip to China this time may not be aimed at improving Sino-US economic and trade relations, nor seeking China's help, but for the next round of US suppression of Chinese companies and industries. On the one hand, it wants to make China make concessions, let Chinese companies comply, and maximize the interests of the United States through such a briefing, and on the other hand, in the name of overcapacity, it is to introduce policies to sanction and suppress China's new energy vehicles, photovoltaics, batteries and other emerging industries.
Obviously, China has anticipated the sinister intentions of the United States and the main purpose of Yellen's visit. Therefore, when negotiating with Yellen, the relevant Chinese side acted with sincerity and vigilance, and did not be overwhelmed by Yellen's momentum and did not turn Yellen away thousands of miles away. In other words, Yellen's visit to China has achieved some results, but it is far from achieving the effect that Yellen hopes to achieve, and it is impossible for Yellen to achieve her goals. Even if the United States adopts a new round of measures to suppress Chinese companies and industries, China will take it in stride. Because, after all these years of suppression and sanctions, China has gradually adapted to such suppression and sanctions, and has measures and methods on how to deal with them. China's proposal to accelerate the establishment of a domestic circulation is one of the important measures.
Yellen's visit to China, with the sinister intentions of the United States, held high the banner of intimidation, and China is not afraid. Yellen said that China's domestic demand is weak, and urged China to increase domestic demand, which is also "worrying" too much, if it is goodwill, China is grateful, if you want to use this to pressure China, then please put away the tail of the wolf, China does not need it, China is not afraid. On the issue of expanding domestic demand, China is doing this, and has achieved relatively good results. China's manufacturing industry is steadily recovering, especially emerging industries, which have become the vanguard of China's manufacturing recovery, and it is a pipe dream to curb the recovery of China's manufacturing industry by suppressing China's emerging industries. It is also completely impossible to bring China back to a state of seclusion through sanctions and suppression. Now that China's door has been opened, it cannot be closed. China can carry out economic and trade cooperation with countries in other regions, and China's sincere service and cheap and high-quality products will eventually have a market. The United States wants to suppress Chinese companies and products, and in the final analysis, the competitiveness of Chinese companies and products has made the United States feel terrible.
We will persist in whatever the enemy opposes, and we will advance whatever the enemy fears. In the field of economy and trade, it is said that whoever has strong competitiveness will occupy the commanding heights. Just like high-tech fields such as chips, the United States is very competitive, and China can only be constrained by the United States in some aspects. However, China will not yield to the United States, and China will be able to make the United States eventually lose in front of Chinese companies and products through independent innovation. China's proposal to develop new quality productive forces is to show the United States that even if it does not rely on the United States in the field of high technology, China is still living well, in good health, and in a steaming economy.