During US Secretary of Treasury Janet Yellen’s attend to Beijing later this year, top-level formal meetings between China and the US will be held. In the short term, neither party anticipates a substantial improvement in connections, but there is cause for optimism that they may eventually come to terms with one another’s differences.
According to China’s Ministry of Finance, Yellen may travel to Beijing from July 6 to July 9. This decision was made following a conversation between the two nations. The original Fed Chairman is regarded as a US politician who is reasonably cordial with China.
Following Blinken’s visit on June 18 – 19, Yellen will arrive before an anticipated meeting between Chinese President Xi Jinping and US President Joe Biden. The best topics on the agenda for the upcoming Xi-Biden dialogues will continue to be Taiwan problems, the Ukraine War, and US device export bans.
Foreign observers claimed that because Washington formally began a Cold War with China, it is doubtful that the US will soon stop putting new restrictions on China’s high-tech industry. & nbsp,
Professor of global relations Zhang Weiwei of Fudan University claimed on a TV programme on June 26 that the US, which refused to acknowledge that China is rising, was to blame for the Sino-US conflict. Additionally, he claimed that the US’s assumption that it could prevent China from rising was a grave error.
But, he added, the circumstance appears to be getting better. & nbsp,
Zhang cited the Elizabeth Kuebler-Ross stages of grieving in psychology as evidence that the US appears to have moved past the first two stages — denial and anger— and is now moving on to the third stage, which refers to” partial acceptance and bargaining ,” after failing to defeat China in the trade and technology wars. The terms” depression” and” acceptance” refer to the fourth and fifth stages, respectively.
He continued by saying that China has not yet resumed defense negotiations with the US in an effort to reassure the latter of its lack of military apprehension.
In a statement released on Sunday at US time, the US Treasury Department stated that Yellen will meet with representatives from the People’s Republic of China in Beijing to explore” the importance for our countries- as the two largest economies– to properly manage our relationship, communicate immediately about areas of concern, and work up to address worldwide challenges.”
The Treasury Department stated in a statement Yellen gave in April that the US will work to” safe its regional security interests along with those of our friends and to protect human rights through targeted activities that are not intended to gain financial advantage.”
According to the statement,” We seek a good financial relationship with China that promotes socially beneficial growth and innovation and expands financial option for American workers and businesses.” Additionally, we want to work together to address urgent global issues like loan stress and climate change.
a few contexts
Before much of that does happen, there is a distance to travel. On June 19, Blinken was given a seat across from Chinese diplomat Wang Yi when they first met in Beijing, with Xi occupying the center seat. The sitting program, according to Chinese pundits, was intended to demonstrate to the world that China was instructing the US.
On June 20, Biden fired back, claiming that Xi was unaware of the Chinese balloon’s presence when he ordered its shoot-down over US aircraft in first February during an event in California. He claimed that it was” tremendous humiliation for rulers when they did not know what happened.”
The Chinese ambassador in the US formally protested Biden’s remarks to the White House on June 21.
Biden met Xie Feng, China’s fresh adviser to the US, in the White House on June 30. The voice got a little bit better.
Biden accepted the Letter of Credence of Xie and welcomed the ambassador, who had taken office on May 23, to his new position, according to a statement posted on the website of the Foreign embassy. They had a discussion about the Sino-US connection. The speech displayed two images, in which Biden shakes Xie’s hand twice and is positioned very close to the latter and his family Wang Dan.
It will take more than that for the two nations to significantly lessen the mistrust and hostility that permeate standard lines and public opinion on both sides.
Liu Yong, a military journalist based in Hubei, writes in an essay published on Monday that” Yellen’s visit to China may not have taken into account Chinese problems.” Yellen stated that she wants to reestablish contact with China. She is, however, claiming that the US wants China to make concessions and uphold British objectives. “& nbsp,
He claims that” US debts is one of the centers among China – US economic subjects.” Since China has been disposing of US Treasury Bonds repeatedly in recent years, the US has grown concerned. Yet if China purchases more, it won’t be nearly enough to appease the US.
He continues by saying that during Yellen’s attend, Washington is likely to put pressure on Beijing by using Taiwanese problems.
China had$ 867.1 billion in US Treasury bonds as of last year, down from$ 1.12 trillion at the end of 2018. During the same time period, Japan’s holding of US Treasury securities increased from$ 1.04 trillion to$ 1.08 trillion, while the UK saw a growth in its having from$ 288 billion to 654.5 billion. & nbsp,
Despite Beijing’s vehement resistance, nine US politicians traveled to Taiwan between June 27 and 29. & nbsp,
tech outlaw
Due to rising US-China political tensions, the two sides have never held standard talks since US Secretary of Defense Lloyd Austin and Chinese Defense Minister Wei Feng met in Cambodia last November. Austin and Li Shangfu, the innovative Chinese Defense Minister, shook hands on June 2 in the Shangri-La Dialogue in Singapore, but there was no formal meeting between them.
In a presentation on June 28, Liu Pengyu, the Chinese Embassy’s official in Washington, stated that if the US wants to continue high-level military negotiations with China, restrictions may be lifted. & nbsp,
The US will make sure that China doesn’t use American technology to create fast weapons or violate human rights, according to Blinken, who claimed to have told his Taiwanese rivals during his trip to Beijing on the same day.
The French government announced on June 30 that in order to trade specific DUV lithography tools, ASML will need to use for licenses starting on September 1. According to ASML, the ban will have an impact on China’s imports of its Twinscan NXT: 1980Di, which may produce 38 millimeter chips in a single coverage.
According to an unknown spokesperson for China’s Ministry of Commerce on Saturday,” In recent years, the US has consistently generalized the concept of regional security, abused export control measures, and sacrificed the interests of its allies to force and earn over various countries to suppress and contain Chinese semiconductor industry in order to maintain its international hegemony.”
Guan Xiansen, a poet from Guangdong, writes in an article that was published on Sunday,” While Blinken promoted Yellen’s visit to China, the weakening of his approach was cursory.” He made an effort to downplay the fact that the US is actively repressing and controlling China, claiming that its sanctions just apply to regions that do not serve its objectives.
He” made conspiracy theory conclusions that China may” improperly use” some essential systems without any supporting evidence.” According to Guan, this unfounded claim demonstrates how the US evaluates some based solely on its own experiences.
The US will quickly tighten its sanctions against China, despite Chinese commentators’ continued optimism that China may ultimately defeat the US.
Following Yellen’s trip to China, Washington will forbid Nvidia from exporting its artificial intelligence ( AI ) chips, such as the A800 and H800, to the country, according to a report in the US media last week. At the end of July, Biden will also sign an executive order prohibiting US funds from investing in high technology industries in China.
Study: AI device bans obstruct US-China trade negotiations
At & nbsp, @ jeffpao3 is Jeff Pao’s Twitter account.