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Recently, the United States has tightened its series of actions against China again.
Although Yellen said during her visit to China that she will continue to maintain cooperation with China and will not seek decoupling from China.
But in fact, as soon as the words of public opinion landed, the US government introduced measures to sanction Chinese companies, and some Chinese companies were blacklisted.
At the same time, Yellen has also publicly stated on many occasions that China has overcapacity, accusing China of not continuing to increase production, otherwise it will cause great losses to the economic interests of the United States, Europe and other countries, and even affect American employment and workers' wages.
As U.S. officials continue to play up China's overcapacity, the U.S. government is once again using economic privilege.
Not long ago, it was reported that the US government is carrying out a Section 301 investigation, and the purpose of the plan is to further suppress Chinese companies and wipe them out.
In the face of the continuous provocations of the United States, China has made strong countermeasures.
Judging from the data released by the U.S. professional department, in February this year, the mainland once again sold U.S. bonds, reaching $22.7 billion.
Compared with the past, the mainland has begun to reduce its holdings of US Treasury bonds significantly, and the level of freedom has reached its lowest point.
In fact, in addition to the mainland, many other countries are selling US bonds in large quantities, and only Japan, the United Kingdom and other countries have bought US Treasury bonds.
For the United States today, the biggest crisis it faces is not China and Russia, but the current pressure on the national debt. In fact, the economic risk in the United States comes from the U.S. national debt.
In the case that many countries have sold off US bonds, they have also directly hit the United States by seven inches. Biden has just published a bill to continue the Section 301 investigation into China.
After that, China decisively sold off US bonds, and for the US government, this kind of counterattack was extremely strong.
In fact, the economic crisis that the United States is currently facing is beyond the cracks of various policies.
With the economic conundrum unsolvable, U.S. government officials have announced that they will continue to issue Treasuries in May, and that they will sell $386 billion of bonds next.
Even if the presidential election in the United States is approaching, there will be no change in the policy of continuing to issue Treasury bonds, regardless of who will emerge victor in the end.
Faced with various problems, the US government has no hope of solving them. Against this backdrop, Blinken was sent to visit China.
However, the U.S. government has ignored the fact that the U.S. continues to exert pressure on China, which will only escalate the contradictions between the two sides, and may even lead to real decoupling between the two sides.
In fact, the United States does not really want to decouple from China.
What Yellen said before is also true, after all, the Chinese market is very large. Although the United States wants to reduce its dependence on mainland manufacturing, in fact, the impact of China's manufacturing on the United States is already difficult to eliminate.
At the same time, the US government also wants to share the dividends of China's economic development. Therefore, the U.S. government is naturally reluctant to take the initiative to decouple from China, but it does not want China to develop.
In this contradictory state, Blinken was sent to visit China, and for the United States, Blinken's visit has very important strategic value.
Judging from the previous news released by the United States, the main topic of Blinken's visit to China is likely to be about the South China Sea dispute, or it may be to solve the complex economic situation between China and the United States.
In the past, the United States has repeatedly obstructed the South China Sea issue, and even encouraged the Philippines to confront China.
As for the South China Sea issue, the mainland has a very clear position, not only demanding that the award in the South China Sea arbitration case be invalid, but also not accepting any award claims and actions. From this point of view, it is difficult to reach an agreement even when Blinken visits China.
In addition, Blinken is likely to follow Yellen in once again hoping that China will bail out the market in terms of US Treasury bonds.
After all, the US debt is the lifeblood of the United States now, and if the US debt problem is not resolved, the risk of an economic default in the United States will become more and more great, and the hegemony of the US dollar will no longer exist at that time.
At a time when the mainland has reduced its U.S. debt by a large amount, the U.S. government is facing increasing debt pressure, and they hope that China can become a receiver of U.S. debt as it did in the past when it bailed out the U.S. economic crisis.
However, the United States is unwilling to give up its suppression and sanctions against China, so it is unlikely that China will continue to take over.
What do you think about the sale of U.S. bonds? Welcome to discuss in the comment area!