This time Obama negotiated many conditions with China. For example, China agreed to purchase US$50 billion worth of US government bonds, but added a clause, that is, after maturity, the calculation will be based on the US dollar or the RMB exchange rate, whichever is higher. If the U.S. dollar depreciates, then China can ask for it to be calculated in RMB. If the U.S. dollar appreciates, it can be calculated in U.S. dollars.
This condition was relatively harsh, but Obama still agreed because no country was willing to buy so many U.S. government bonds at this time.
Of course, the United States has also invested some technologies to lift some of the blockades against China. Speaking of this, I can see the shamelessness of the United States.
These technologies are the result of the United States asking countries in Europe and Asia that possess this technology to say, "Let's all block China's technology and no one should open it up, lest China develop too fast and pose a threat to us."
And when the United States discovered that these technologies could no longer stop China for a few years, they immediately took them out and traded with China privately in exchange for some benefits.
Other countries that have also imposed a technological blockade on China probably don’t know about it yet. When one day China suddenly announced that it had mastered this technology, those countries were stunned.
Of course, the United States has not provided many technologies proposed by China, because those that are more than three to five years ahead of China are of higher value.
They have already paid some price and cannot pay too much.
In fact, many countries are now cooperating with China and have found that China is not as easy to fool as before, and is even smarter than them now.
In the past, as long as some technology was better than that of China, China would get it at any cost, but they didn't know that they had already developed a better alternative technology. In other words, this technology was obsolete.
The obsolete technology can still be exchanged for so many benefits, just because China has insufficient understanding of information, and it is also related to China's poor technology at that time and its eagerness to develop.
But now China attaches great importance to information collection, and then has a huge team to analyze, analyze possible negotiation issues from any angle, and then find a balance point.
Another thing is that there are not many technologies that China needs now, and most of them are high-precision technologies, and they have not developed replacement technologies so quickly.
What's more, after being deceived once or twice, you won't want to continue to cooperate in the future. Losing China as a partner is very serious for many countries.
China also requires the United States to open some markets and reduce taxes in some industries to ensure that China's products can be competitive. Of course, China will also import some American products to promote bilateral trade.
For example, China wants to import machinery, grain, automobiles, electronics, chemical products, etc. from the United States, while the United States wants to import China's automobiles, textiles, food, electronics, chemicals, steel, etc.
Although the United States is strong in science and technology, it is also a major exporter of agricultural products. In particular, they are good at growing genetically modified food crops, and then selling them to foreign countries instead of being eaten by local people.
China has made it very clear this time that we will no longer import genetically modified crops, nor will we import related seeds. Non-GMO yields are low, and we in China don’t care now unless you promise to recycle our GMO foods.
So what can the United States do? We have always imported low value-added products and then exported high value-added products. This time you, China, want to do the opposite. We export food crops, and you process them into food and sell them back to our country, the United States. This is absolutely not possible. .
China’s idea is to use genetically modified corn to produce ethanol gasoline, and then the remaining residue can be processed into feed and sold to the United States. This is definitely not for human consumption, but pigs fed with feed made from genetically modified corn residues still have to be put on the table, right
Anyway, China doesn't want any danger. As for genetically modified soybeans, genetically modified wheat, etc., don’t even think about selling them to China.
Originally, the United States wanted to import raw materials, such as iron ore, and make steel themselves. But Huaxia no longer sells it. We produce it ourselves. Selling steel is obviously more profitable than selling ore directly, not to mention that we also need to import a lot of ore.
The Polar Bear Mining Group is not a state-owned enterprise and we have no right to decide.
Are you talking about those rare element minerals? Sorry, we are not short of money now and will no longer sell this kind of mineral. If you need any special steel, you can buy it from us in China. If you buy more, the price will be discounted.
Textiles, this is a huge gap in the United States. They hope to import some raw materials, then process them into finished products, and then use their brand advantages to earn high profits.
However, China said that we do not need to import textiles, and our country has to export its own products. There is very little export of raw materials now because we don’t have enough finished products to sell.
In fact, if the EU had not launched an anti-monopoly investigation, which affected the sales of Chinese textiles in Europe, then there would be no need to negotiate with the United States, and the European market would be sufficient.
The current anti-monopoly does not mean that you cannot dump products below the cost price, but that you cannot sell products below the cost price in our country to prevent you from using low labor costs to squeeze our market.
The United States also wants to turn China into an OEM factory as before, taking advantage of China's relatively low labor costs and letting China OEM. The larger the quantity, the more they will make, and they can even sell directly in China.
But this time Zhang Ruiqiang directly refused. Now Chinese companies are going to India and Brazil to build factories because the labor costs there are lower, and China's labor costs have risen.
Huaxia does not intend to follow the path of an international processing factory. It wants to be a designer and developer, not just a producer.
In fact, China's labor costs are not rising that fast. Internationally, especially compared with Europe and the United States, it still has a great advantage. But when Brazil and India are cheaper, why do they let their own people embark on this arduous road? Woolen cloth
This was what Feng Yu told Zhang Ruiqiang. He used his own company as an example and analyzed labor costs as a competitive disadvantage. Once it becomes an international foundry, how will technology progress? Think about Thailand back then. Once labor costs skyrocketed, the economy collapsed.
If you can't do low value-added business, then don't do it. At the same time, we must also see clearly that the United States needs money. Obama has just come to power and needs political performance to ensure his support. So at this time, some conditions can be more stringent.
You know, if our trade with the United States is interrupted now, we may lose a lot of money to each other, but we can bear it. The economic growth rate will be slower, but the U.S. economy will definitely regress and hurt each other. They can't afford it.
Finally, Zhang Ruiqiang mentioned an important issue in the trade between the two sides, that is, the United States does not have a large port and cannot accommodate large cargo ships, which seriously affects the efficiency and cost of trade between the two sides. It is self-evident what this means.
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