Maintaining the momentum of improvement in Sino US relations and evaluating it | The Biden administration should take practical actions | The United States | China | Government
US Treasury Secretary Yellen will begin a three-day visit to China on the 6th, which is expected to help maintain the momentum of the two countries' efforts to prevent the US China relationship from spiraling out of control.
Yellen is the second senior White House official to visit Beijing in just three weeks after US Secretary of State Antony Blinken. During Antony Blinken's visit to China, the two sides reached agreement on the necessity of stabilizing China US relations.
According to reports, Yellen will meet with senior officials in the Chinese financial and economic field to discuss how to manage bilateral economic relations and explore global challenges that China and the United States can "jointly address.".
Yellen has been calling for the United States to maintain healthy economic relations with China and supporting the two countries to strengthen dialogue and cooperation.
In April of this year, Yellen attended a congressional hearing in the United States and talked about the importance of maintaining relations with China, stating that "decoupling from China would be a big mistake," while emphasizing that stopping trade with China would be "catastrophic.". In early June, Yellen told American business leaders that it was crucial for the United States and China to work together to address specific and urgent global challenges.
China US relations fell into a slump in February this year due to the so-called China spy balloon incident. Recently, there have been positive changes in the relationship between the two countries.
Although it is still too early to predict what achievements Yellen's visit to China will bring, this visit brings hope. Both sides can at least start resolving some issues that hinder the healthy development of China US relations, creating a favorable atmosphere for future talks with US Commerce Secretary Raymond on tariffs and sanctions against Chinese technology companies.
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In fact, Yellen herself also questioned the effectiveness of US tariffs, acknowledging that tariffs have harmed the interests of American consumers. The continuous improvement of Sino US relations is in line with the interests of both countries.
Washington's confrontational approach towards China, such as implying control over advanced chips and investments in China's high-tech industry, is not in line with this goal. I hope that the visit of senior White House officials to China can take concrete actions to support the US reconciliation statement.
This article is translated from the July 6th editorial of China Daily
The original Biden administration should make real moves to maintain the upward momentum in Sino US ties
Production: Editorial Office of China Daily
Compiled by Qi Lei
Responsibility
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