Focusing on three key words, Xinhua News Review: This round of China US interaction, two countries | China | Xinhua

US Treasury Secretary Yellen concluded his visit to China over the weekend and summarized the four-day itinerary with "direct, substantive, and productive" remarks. China also evaluated the interaction with "candid, pragmatic, in-depth, and constructive" comments. The evaluation of similar tone between the two sides reflects a common emphasis on strengthening such communication and a common need to improve Sino US relations. Overall, this round of interaction between China and the United States has injected positive factors into the stabilization of Sino US relations, because only by strengthening communication and exchange can we clearly and even resolve each other's concerns and enhance mutual consensus.

The first keyword in this round of China US interaction is "communication". At the Bali meeting, the two heads of state agreed to engage in dialogue and coordination between the financial and economic teams of the two countries on macroeconomic policies, economic and trade issues. Yellen clearly stated that this visit is to implement the "deepening communication" requirements made by the two heads of state at the Bali meeting. In fact, China has always held the greatest sincerity in resolving issues through dialogue. However, since the Bali meeting, a series of actions by the United States to smear and suppress China have seriously poisoned the atmosphere of dialogue, and the interaction agenda set by the two heads of state has been forced to be put on hold. Nevertheless, China still prioritizes global well-being and provides high-level reception for Yellen's visit. Yellen stated at the press conference that the "10 hour long" series of meetings is "a progress in efforts to make the US China relationship more stable.". Sun Yun, the director of the China program at the Stimson Center in the United States, said that the resumption of such communication and dialogue between China and the United States is also a success. Considering the current situation of China US relations, it is not easy to restart communication. What is important is to be able to "maintain" it in the future, and this sustainability is based on mutual sincerity. The US should clearly recognize that communication is not a one-time transaction. Creating a good atmosphere before communication, accumulating positive results during communication, and solidly promoting implementation after communication is particularly important. Whether Yellen's visit to China involves more and more communication or less depends on how the US follows up and implements the results of the dialogue.

The second keyword in this round of China US interaction is "concern". The establishment of communication channels is to enable both parties to express their major concerns and basic positions more clearly and smoothly. In recent years, the United States has introduced a series of economic sanctions and suppression measures against China, which have damaged the legitimate rights and interests of Chinese market entities and undermined the public opinion foundation of bilateral relations. During the meeting and talks, China reiterated its concerns regarding the cancellation of additional tariffs on China, cessation of suppression of Chinese enterprises, fair treatment of two-way investment between the two countries, relaxation of export controls on China, and lifting of bans on products related to Xinjiang. China hopes that the United States will take practical action to respond to China's major concerns in the economic relations between the two countries. Yellen stated that he "heard China's concerns" and made positive statements such as "the United States does not seek decoupling", "has no intention of hindering China's modernization process", and "Despite differences, the United States and China must still find ways to cooperate on issues involving common and international interests". At the moment when China US relations have fallen to their lowest point since the establishment of diplomatic relations, this positive interaction is conducive to promoting the stabilization of China US relations. The website of the Australia East Asia Forum pointed out in an article that China US relations should focus on respecting each other and narrowing differences. According to a report by the Russian newspaper, few people expect a breakthrough in this visit, but the discussion and responsible management of differences between the world's two largest economies themselves have positive implications for the world economy.

The third keyword in this round of China US interaction is "consensus". The US stated in this visit that it does not seek to decouple from China. Decoupling from the world's top two economies would be catastrophic for both countries and would also bring instability to the world. The US has no intention of forcing countries to take sides and cause fragmentation of the world economy. At the end of the visit, Yellen reiterated that the world is large enough to accommodate the prosperity and development of China and the United States. In the view of political science professor Fu Tailin at the Massachusetts Institute of Technology in the United States, Yellen's visit expressed support for continuing economic cooperation between the United States and China. As the world's largest developing and developed country, the economic relationship between China and the United States has gone through decades of development, with complementary economic structures and close economic and trade exchanges, forming huge common interests. Both countries benefit from each other's development. The essence of the economic relationship between the two countries is mutual benefit and win-win, and strengthening cooperation is a practical need and correct choice for both countries. Both sides should seek consensus on important issues in the bilateral economic field through open communication, injecting stability and positive energy into the economic relationship between the two countries. The current global challenges of macroeconomic and financial stability, climate change, and debt issues are becoming increasingly severe. Effective response to global challenges cannot be achieved without coordinated cooperation between China and the United States, which is in line with the common interests of both countries and conducive to enhancing the well-being of people around the world. The New York Times also acknowledges that although there is competition between China and the United States, they are still partners in many aspects.

This round of interaction between China and the United States has brought positive expectations for bilateral relations. At the same time, we should also be wary of the fickleness and duality of the United States in its relationship with China. On the occasion of Yellen's visit to China, Bloomberg reported that the US government is preparing an executive order to restrict US investment in China, and "the next test of the relationship between the two countries may soon come.". In response to the "duality" of the United States, China has always listened to its words and observed its actions. China never hopes for its own destiny in other countries, but always puts the development of the country and nation at the foundation of its own strength. This autonomy over its own destiny gives China the determination and confidence to handle all international issues, including Sino US relations.