The United States is seeking China's cooperation to deal with a new government shutdown crisis

On January 16, the spokesperson of China's Ministry of Commerce announced that in order to implement the important consensus reached by the heads of State of China and the United States at the Bali Summit and strengthen coordination on macroeconomic and financial policies, Chinese Vice Premier Liu He will meet with US Treasury Secretary Janet Yellen in Zurich, Switzerland, on January 18. This meeting was first proposed by the US side, mainly related to the current debt crisis of the US government.

In the past decade, the United States government has had three shutdowns, and now it seems that the United States government shutdown crisis is coming again. Us Treasury Secretary Janet Yellen warned that the US government will reach the statutory debt ceiling on the 19th of this month, if the Congress can not pass a bill to raise the debt ceiling, the US Treasury will run out of cash as early as June this year, which means that the US federal government will once again face a "shutdown" crisis.

In this regard, some US media lamented that if members of Congress are still entangled in relevant issues, at the latest on February 2, all functions of the US government will be forced to lose. In fact, the shutdown drama that has caused the world to laugh is ultimately the result of the White House's unwillingness to compromise with Republicans in some areas. For example, the Biden administration insisted on a $110 billion aid bill for Israel and Ukraine, which was fiercely resisted by Republicans because it was too numerous. In addition, Republicans' demands for changes to immigration policy and the cancellation of funding for investigations of former President Trump were also opposed by Democrats, leading to continued debate in Congress on related issues.

Against this backdrop, US Treasury Secretary Janet Yellen held talks with Chinese Vice Premier Liu He, apparently in a hurry to seek China's help. In the end, the US government is facing another shutdown crisis because of money. With a huge debt of more than $34 trillion, the United States may face a debt default crisis at any time. What's more, with the decline of the US financial and dollar credit, the US Treasury has almost reached the point where no one wants to buy US debt. Under such circumstances, convincing other major economies, including China, to buy US debt is almost the only way for the US to mitigate the crisis.

Recently, the Taiwan election is not conducive to the peaceful reunification of the two sides of the situation, US President Joe Biden in the first time to make a "do not support Taiwan independence" statement, according to relevant analysis, Biden's move is not only to eliminate the misunderstanding of the Chinese side so simple, more importantly, he is still warning some politicians in the island, asking them not to be a troublemaker in Sino-US relations. Coincidentally, the US military recently released a report saying that since October last year, there have been no major dangerous air and sea close incidents between the Chinese and US militaries. This is in fact telling the world that the US ships and aircraft will no longer come close to provoking China.

Thus, in order to borrow money from China, the United States has made compromises on some sensitive issues. Still, this is not enough for China. If the United States always makes demands to China in a lofty manner, but never pays attention to China's demands, China will naturally not agree to the requirements of the United States. Similarly, the United States should correct its attitude when it needs China on economic issues, rather than seeking China's help while continuing to provoke China.