Yellen travels to China to restore a healthy economic relation, "destabilization punishes both countries"

Yellen travels to China to restore a healthy economic relation, “destabilization punishes both countries”

Tuesday, July 4th 2023 - 10:27 UTC

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United States Treasury Secretary Janet Yellen will travel to China this week to restore ties, the Treasury Department announced. Yellen, who will be in Beijing from July 6-9, will meet with high-ranking representatives of the Chinese government but not China's President Xi Jinping. Read full article

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Brasileiro
In fact this lady is going to ask China to stop selling the treasuries it owns and start buying again.

The United States is not managing to maintain its debt liquidity without China's help. And this is leading the US and European financial system to collapse.

China will no longer hold foreign exchange reserves in dollars, as it already has nearly three trillion dollars in US debt that is subject to blocking at any time.

China, for its part, will limit the export of rare earths.

https://www.reuters.com/technology/us-firm-axt-applying-permits-after-china-restricts-chipmaking-exports-2023-07-04/
Jul 04th, 2023 - 12:02 pm - Link - Report abuse 0
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