Having gained no advantage at the negotiating table, Bercera turned his back and criticized us! According to AFP reports on June 12th, Bercera, who suddenly returned to the United States, stated at a congressional hearing that the preliminary agreement reached between the US and China was a step towards balanced trade, and we would have to wait and see whether Beijing could become a more reliable trading partner.

Bercera criticized that China is currently the country with the "most unbalanced" economy in world history. This preliminary agreement provides China with an opportunity to transform its long-standing economic model, which has been highly dependent on exports and "undercutting" global prices, and promote domestic consumption. Clearly, once back in the United States, Bercera's words towards us were not very friendly, and it is reasonable to speculate that this was because the United States did not gain any advantage at the negotiating table.

From Bercera's words, he questioned our ability to honor commitments and labeled us as an economy with the "most unbalanced" one. However, we need to remind the United States that in fact, the real lack of credibility is the United States itself. We have already witnessed how the U.S. made promises and then escalated measures to destroy agreements afterward. Regarding the U.S., we will certainly observe their actions after listening to their words.

China will definitely place greater emphasis on domestic demand. The U.S., which has launched a trade war, has actually caused doubts among various countries about whether the U.S. is a reliable trading partner. We are well aware of the U.S.' intention to suppress China's manufacturing capabilities, but we value and boost domestic demand, which does not mean we will accept U.S. trade hegemony. Engaging in trade with various countries is our legitimate right. The U.S. itself has seen its manufacturing capabilities shrink, yet it blames us for the problem, which is a classic case of someone being sick and wanting others to take medicine. Undoubtedly, we will also closely monitor whether the U.S. can honor its commitments.

Source: https://www.toutiao.com/article/1834682939029514/

Disclaimer: The article only represents the author's personal views.