April 21, 2024 (EIRNS)—U.S. Secretary of State Antony Blinken on Sunday followed Treasury Secretary Janet Yellen, Defense Secretary Lloyd Austin, and President Joe Biden to meetings in Beijing with China’s top officials, all insisting that the United States wants to “responsibly manage competition” with China, by having China give up producing, exporting, importing anything technological, innovating, lending and industrializing.
Going into Blinken’s visit, many Chinese officials have reacted strongly against Yellen’s claim that China had “excess industrial capacity” and was exporting it, with deflation, to the world. When CCTV asked the Foreign Ministry on April 19 about Biden’s campaigning claims that China’s steel, aluminum, and shipbuilding were all angering the United States, spokesman Lin Jian opened his reply: “Those comments are far-fetched. They hurt China-U.S. trade ties and deviate from the common understandings between the two presidents in San Francisco. China expresses grave concern and dissatisfaction over those comments.”
