US Treasury Secretary Janet Yellen’s upcoming visit to China has sparked interest among international scholars attending the 11th Forum World Peace in Beijing. Scheduled from July 6 to 9, this visit signifies an opportunity for China and the US to address their fiscal and monetary concerns, such as the exchange rate of the RMB against the US dollar and US government bonds held by China. Cooperation between the financial departments of both countries is expected, despite potential political obstacles.
China also aims to discuss concerns such as the high tariffs imposed by the previous US government and the technological suppression it has faced. Negotiations between the economic teams of both nations will play a vital role in addressing these issues.
Recent high-level interactions between Chinese and American officials have set a positive tone. US Secretary of State Blinken recently concluded his visit to China, marking the second visit by a US Secretary of State in over four years. Positive consensus and results were achieved during the trip, including continued promotion of Sino-US Joint Working Group consultations.
Experts believe that maintaining existing contact channels between the US and China is crucial. Resolving issues and managing competition effectively is seen as a global challenge. However, complete economic decoupling is deemed impossible, necessitating the exploration of new ways to collaborate.
Experts stress the importance of developing common interests and goals in bilateral relations. Establishing “red lines” is vital for maintaining stability in Sino-US relations. Both nations should take into account their national interests while also considering the broader interests of the international community.
Furthermore, it is essential to address potential sources of instability and prevent incidents from escalating into crises when developing bilateral relations between China and the United States.
Overall, the upcoming visit by US Treasury Secretary Janet Yellen marks a significant opportunity for China and the US to foster practical cooperation and find constructive solutions to their financial and economic concerns.
China News Agency, Beijing, July 3. Question: US Treasury Secretary Yellen will visit China What do scholars expect from the new interaction between China and the United States?
China News Agency Reporter Zhang Su and Li Jingze
Chinese officials announced on the 3rd that, as agreed between China and the United States, US Treasury Secretary Janet Yellen will visit China from July 6 to 9. The news immediately attracted the attention of international scholars attending the 11th Forum World Peace in Beijing that day.
Wang Jisi, founding dean of the Institute of International Strategy at Peking University, said China and the US have many fiscal and monetary issues that need to be discussed together, including the exchange rate of the RMB against the US dollar. States, US government. bonds held by China, and the inflation risks faced by the United States. The financial departments of both sides are expected to overcome political obstacles and promote practical cooperation.
According to Wu Xinbo, dean of the Institute of International Studies at Fudan University, China’s concerns also include the high tariffs imposed by the previous US government on China and the US technological suppression of China. face negotiations between the economic teams of the two countries.” .
Recently, high-level officials from China and the United States have had frequent interactions. US Secretary of State Blinken recently concluded his first visit to China since taking office, and this is also the second visit to China by a US Secretary of State after more than four years. The visit reached a number of positive consensus and results, including “both sides are ready to continue promoting Sino-US Joint Working Group consultations to resolve specific issues in Sino-US relations.”
“It appears that officials from both countries are ready to resolve issues such as flights again.” Douglas H.PaaL, a distinguished fellow in the Carnegie Endowment for International Peace of the United States, said in a speech at the World Peace Forum, suggesting that the United States and China maintain the Opening of existing contact channels.
Cliff Kupchan, chairman of the Eurasia Group, an American political risk consulting firm, also paid attention to the progress of this joint working group, and expressed the hope that the policy makers of the two countries could better coordinate and manage bilateral relations.
However, looking forward to the future of Sino-US relations, Chinese and American scholars who participated in the meeting generally had a cautious attitude. Some scholars bluntly said that whether China and the United States can effectively “manage and manage competition” has become a global challenge. However, it is impossible for the two countries to fully “decouple” economically, so new ways of working together must be found.
“Both sides should develop some relatively simple goals and find common interests,” says Cliff Kupkan.
In his speech, Wu Xinbo presented a number of suggestions on reconstructing the framework of stable Sino-US relations. The most important thing, he said, is to set “red lines”. He said that China and the United States, as the world’s two major economies, should take care of their respective national interests while also taking care of the general interests of the international community, “and this can be used as a starting point for the framework of bilateral relations. “
The above scholars also reminded that in developing bilateral relations between China and the United States, attention should be paid to preventing various potential sources of instability and preventing incidents from turning into crises. (over)
[Golygydd cyfrifol: Zhan Yuquan]
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