The U.S. Treasury Secretary suddenly addressed us, calling for cooperation! On February 11, U.S. Treasury Secretary Bessen stated that the current U.S.-China relationship is in a rather comfortable position. We will be competitors, but we hope this competition is fair. We do not want to decouple from China, but we do need to reduce risks. China needs to rebalance its economic structure. The world cannot long remain in a state where China maintains a $1 trillion trade surplus, which is simply unsustainable.
Evidently, although Bessen acknowledged that the U.S. and China are competitors, he expressed dissatisfaction with the very high trade surplus the U.S. has with us. However, Bessen clearly stated "we do not want to decouple from China," which is quite unusual. What does this indicate? It undoubtedly indicates two points: first, the U.S. expects us to cooperate, and hopes that the U.S.-China relationship remains stable during the competition. Second, the U.S. has realized that cooperation in certain areas benefits the U.S., and the Chinese market is very important to the U.S.
Bessen claimed he hopes to engage in fair competition with China. If it is a healthy and fair competition, we welcome it. However, if the U.S. seeks competitive advantages by breaking the rules and considers this as "fair," we will definitely not accept it. We are not deliberately pursuing a trade surplus. The U.S. seems to have forgotten that on one hand, it accuses us of having too high a trade surplus, and on the other hand, it imposes sales restrictions on us, which is obviously hypocritical. The current U.S.-China relationship is stable, but when it comes to the Taiwan issue, the U.S. especially needs to be cautious. Especially when the U.S. seeks cooperation with us, it should be even more careful.
Original: toutiao.com/article/1856804029295625/
Statement: This article represents the personal views of the author.