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China wants to beat us. We don’t want to beat it. Anyone want to guess who’s gonna win on those terms?
The United States is seeking a healthy competition with China based on fair rules that benefit both countries, not a “winner-take-all” approach, U.S. Treasury Secretary Janet Yellen told Chinese Premier Li Qiang in a meeting in Beijing on Friday.
Premier Li Qiang then had to keep himself from giggling with glee.
Communist China is pursuing a “winner-take-all” approach. We’re not. How does Yellen see that playing out?
Yellen, in prepared remarks, told Li she hoped her visit would spur more regular channels of communication between the world’s two largest economies, adding that both countries had a duty to “show leadership” on global challenges such as climate change.
Take our entire economy, please. Just “show leadership” on global warming.
While China goes ‘wolf warrior’, we go kitty kat. China wants to win, we want to lose on good terms.
Algorithmic Analyst says
Keep raising tariffs on imports from China.
Jeff Bargholz says
Trump did. But then, he was America first and not in the CCP’s pocket, like Beijing Biden.
Algorithmic Analyst says
Yeah. China is using the Mercantilist theory of trade, while USA was using the free trade theory. Can’t beat Mercantilism using a free trade approach.
js says
its worse than that, more like beat them in to submission no holds barred.
Jeff Bargholz says
Yes, America should be educated about the Boxer Rebellion.
John Sweet says
Blinken goes to China, Burns goes to China, Yellen goes to China, all to bow at the feet of the Chinese leadership.
Steven Kardas says
China is in the game to win, we are not and they know it.
Jeff Bargholz says
That Yellin dude would give away our entire country if it could. What a dirty traitor. How much is the dollar worth, Janet?
SPURWING PLOVER says
So what kind of deals is Biden the Blunder working out with his Buddies from China ?
js says
It is almost unbelievable the comments from our so-called leaders. But, looking at our society and norms today this is the result. a once great nation ruined. To further add an unbelievable; the Army just announced that trans personnel are exempt from Army’s physical fitness standards. We are sunk as a powerful nation.
mark cogley says
I’m sure Janet Yellen makes them tremble…
Fred A. says
One thought came to mind when I read this article. What happens to the U.S. Dollar, if the Chinese Yuan becomes the new reserve currency for international finance and trades? The impact on the U.S. economy may be severe?