laitimes

Can't stand it? The United States is suffering from a double crisis of the epidemic and debt, and is anxious to cooperate with China

author:Heiner Observation Room

According to a report by China Daily on August 23, CNN reported on the 22nd that the latest data from the US Department of Health and Human Services shows that more than 95,000 people in the United States are currently hospitalized for new crown pneumonia, of which more than 23,000 are in intensive care. Healthcare resources are at red light in several states, especially in several states with low vaccination rates, where patient capacity in some hospitals has reached saturation. However, even in the case of such a severe epidemic situation, American society has shown antipathy to epidemic prevention measures such as wearing masks and vaccinating against covid-19 vaccines, and anti-vaccine and anti-mask protest movements in many parts of the United States are developing in the direction of violent conflict.

In addition, the re-exacerbation of the epidemic has also cast a shadow over the economies of some US states. In order to prevent the spread and spread of the epidemic, Louisiana, Tennessee and Georgia have recently cancelled some large-scale commercial events, such as music festivals and comic shows, which are expected to cause hundreds of millions of dollars in losses to the local economy.

Can't stand it? The United States is suffering from a double crisis of the epidemic and debt, and is anxious to cooperate with China

It is understood that since the outbreak of the new crown pneumonia epidemic in the United States in 2020, in order to cope with the impact of the epidemic on the economy and promote the recovery of the economy, the Federal Reserve and the US federal government have launched an "unlimited" quantitative easing monetary policy and several rounds of large-scale fiscal stimulus plans. At present, the US federal government debt has reached about $28 trillion, far exceeding the $22 trillion debt ceiling that was already due at the end of July this year. U.S. Treasury Secretary Janet Yellen has repeatedly stressed that if the debt ceiling problem is not resolved in time, the United States is likely to face the risk of default. More importantly, once the "tower" of high U.S. government debt collapses, it will be a violent shock to the global economy and financial markets.

Can't stand it? The United States is suffering from a double crisis of the epidemic and debt, and is anxious to cooperate with China

In addition to the epidemic, many of the debts of the United States have been used in the wars it continues to wage in some areas, and some AMERICAN financial websites have pointed out that because of the longest war against Afghanistan, generations of Americans will pay trillions of dollars in debt. Separately, Linda Bilms, a senior lecturer in public policy at Harvard University, calculated that the United States would spend more than $2 trillion to care for and support Afghan and Iraqi veterans. Because the United States is borrowing to pay for the wars in Afghanistan and Iraq, it is estimated that interest payments will cost trillions of dollars for future generations.

Can't stand it? The United States is suffering from a double crisis of the epidemic and debt, and is anxious to cooperate with China

Under the pressure of the double crisis of the epidemic and the debt, the United States was a little panicked and began to seek cooperation with China. Following US Deputy Secretary of State Sherman's visit to China on July 26, on August 16, Chinese State Councilor and Foreign Minister Wang Yi had a telephone conversation with US Secretary of State Blinken on the Afghan issue, focusing on the situation in Afghanistan and Sino-US relations. From the two words "promise", it can be clearly seen that this is Blinken's initiative to call Wang Yi.

Can't stand it? The United States is suffering from a double crisis of the epidemic and debt, and is anxious to cooperate with China

Not only that, recently, the US media also broke a heavy news. According to bloomberg, US Bloomberg quoted sources familiar with the matter as saying that US Treasury Secretary Yellen is considering traveling to China in the coming months, and the current time is when the Biden administration is extensively evaluating the tariffs on Chinese goods imposed by former President Trump and its policy toward China. If the visit can be completed, Yellen may meet with Chinese Vice Premier Liu He and will become the highest-ranking official in the Biden administration to visit China after Executive Secretary of State Sherman. According to people familiar with the matter, Yellen's possible trip to China mainly involves discussing trade between the two countries, actions to combat climate change and some more difficult issues.

Read on