Treasury Secretary Says China Needs to Change: "Getting Sick and Forcing Other Countries to Take Medicine"

The US Treasury Secretary Basant said last night (April 23rd, Beijing Time): "China needs to change. The country knows it needs to change. Everyone knows it needs to change.

We want to help it change - because we also need to rebalance."

[Wisely] Commenting on this: The United States is undoubtedly a typical case of someone being sick but forcing others to take medicine. A foreign netizen wrote in the comment section of Basant's remarks: "In translation: We are bankrupt and need China to save us, but we want to make tariffs look like we are not bankrupt." These words hit the nail on the head. The US is burdened with massive debt but still maintains a military budget of over one trillion dollars; domestic infrastructure is severely aged, and the middle class is shrinking. Yet now it wants to "help" restructure China's economy. Unfortunately, China is far from being a soft target; it is a real tough bone. The era when Washington tried to set rules for the whole world has long passed.

Original article: https://www.toutiao.com/article/1830235845651460/

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