Excerpts from the article are as follows:
Today (3rd US time), there are a lot of news about US-China economic relations that attract people's attention.
First, Secretary of State Hillary Clinton and Treasury Secretary Geithner issued a joint statement: The first US-China Strategic and Economic Dialogue will be held in Washington in the last week of July.
Secondly, U.S. Trade Representative Kirk expounded the Obama administration's trade policy toward China for the first time, emphasizing that strengthening relations with China and expanding exports to China can increase employment for the United States.
Third, China Investment Corporation, the sovereign wealth fund of China, plans to increase its holdings of Morgan Stanley common stock by US$ 6,543.8+US$ 200 million.
Fourth, GM after bankruptcy and reorganization may sell Hummer brand to Sichuan Tengzhong Heavy Industry, a private enterprise in China.
The first two official news stories show that under the background of financial crisis and economic recession, the Obama administration has realized the unprecedented importance of China, and realized that dialogue and contact can move the people of China more than accusations and preaching.
Geithner has just returned from a visit to China. The outside world commented that this 28-year-old China student from Peking University was softer and more low-key than his predecessor, China expert Paulson. During his stay in China, he said "work together" twice in Chinese, similar to Hillary's "help each other in the same boat". Even Speaker Pelosi, who has always been severely critical of China, walked around China, and her tone became softer, not talking about human rights, but only about climate change cooperation.
The latter two corporate news highlights the necessity of business cooperation beyond the cold war mentality under the background of economic globalization. Despite the growing criticism of China's increasing holdings of US dollar assets, CIC still increased its holdings of Morgan Stanley, not to please Americans, but to be optimistic about the profit prospects of this world-class investment bank after the financial turmoil.
General Motors, eager to "slim down" and get out of trouble, sold the Hummer brand to private enterprises in China and produced it in the United States, which not only left 3,000 jobs in the United States, but also paved the way for Hummer to enter the China market more in the future. Wishful thinking, the best of both worlds.
It can be seen that the mutually beneficial economic relationship between the United States and China is difficult to cut. It is impulsive and harmful to always treat each other with "conspiracy theories". (Yu Donghui)