No settlement of the China-US disagreement is to be expected. Opinion

25.04.2024, Moscow.

The current generation should expect to resolve the accumulated US-China disagreements, according to the report from the theater of war, published in The Essence of Time newspaper, issue 582.

In early April, US Treasury Secretary Janet Yellen made a four-day working trip to China. During her visit, she met with Premier of the State Council Li Qiang, Vice Premier He Lifeng, and the heads of China’s Central Bank and Ministry of Finance.

At a press conference following the talks, Yellen said relations between the US and China had improved over the past year. At the same time, the US delegation tried to get Beijing to reduce overcapacity, which negatively affected production in the USA and other countries.

China rejected accusations of artificially inflated output and urged the US side to refrain from transferring economic issues to the political plane.

Yellen also warned Chinese representatives about the risk of Chinese companies and banks servicing transactions to support the Russian defense industry falling under US sanctions.

“The development of Chinese banks’ immunity to US threats is a matter of time. It is obvious that work in this direction is underway. For example, the government work report for 2024 outlines the task to ‘improve the quality of services in the sphere of cross-border transactions, currency risk management.”

Observers emphasize that the main thing today is not in the poor rhetoric, but in the fact that the dialogue between the two largest economies of the world is still going on. This is already a great achievement.

As for the solution to the accumulated US-Chinese disagreements, the current generation should not expect it,” The Essence of Time editorial reads.

Source: Rossa Primavera News Agency