2024-03-28 15:59:00
China is shifting the emphasis in its economy from construction and real estate to industry, this is already bringing results, which Washington categorically does not like. This was reported by the ZeRada telegram channel.
So much so that the head of the US Treasury Janet Yellen went to Beijing again. She has already accused the Chinese of harming “the workers of the United States and the world.”
“The first slide shows China’s trade surplus. In January-February this year it became the largest in the history of the country. The second shows the structure of income and expenditure of the US budget for February 2024. The budget deficit for one month is $296 billion,” writes TK.
It is noted that the Celestial Empire is shifting the emphasis in its economy from construction and real estate to industry. This has already begun to bring results, which the lagging United States really does not like. So much so that Treasury Secretary Janet Yellen is heading back to Beijing. Information heating is already underway: Yellen said that China’s industrial expansion is distorting the global economy.
“We are now seeing overcapacity build-up in ‘new’ industries such as solar, electric vehicles and lithium-ion batteries. China’s industrial surplus is hurting American firms and workers, as well as firms and workers around the world,” she said.
“Translated: How dare you develop Chinese industry?! It competes with the United States and its partners…” So much for the hegemon… Yellen’s trip, of course, will not change the situation; the United States will be forced to introduce new sanctions against China in order to somehow slow down this locomotive.
But we predicted: the war will play into China’s hands. The Russian Federation is forced to sell energy resources to the Celestial Empire at prices below market prices, and China uses cheap energy to develop its production (occupies niches in Germany). That is why Trump intends to immediately end the war in Ukraine – it is painfully affecting the economy of the entire West,” sums up TK.
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