Please note that this article was automatically translated using Microsoft Azure AI, Open AI, and Google Translation AI. We cannot ensure that the entire content is translated accurately. If you spot any errors or inconsistencies, contact us atUnited States Treasury Secretary Janet Yellen met with Chinese Prime Minister Li Qiang at the Great Hall of the People in Beijing, China , on April 7, 2024.
Yellen's visit this time did not cause a high-level uproar about economic warfare between the two countries. However, China's strong resistance was felt. China's perspective is comprehensive, as a reaction to the latest pressure from Yellen. The annexation of Hong Kong by England, through the 1842 Treaty of Nanking, was also based on trade interests. One of the goals was to facilitate Britishexports to China. The US followed the same thing because it did not want to be left behind by England, which made lucrative profits from the opium business.
Zhou wrote that the US government did not complain when American information technology companies had a high market share in China. The US did not complain when the American and European automotive industries flourished in the Chinese market. Complaints arose after the West was surprised by electric cars and energy-efficient and environmentally-friendly products. The US complains because they are losing in competition.
China Production Government Subsidies Market Mechanisms US Janet Yellen
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