In order to make negotiations with China and meet the two heads of state in South Korea, the United States can be said to have made great efforts. It was only at the last moment yesterday that China made it clear that it would go to Malaysia to hold economic and trade consultations with the United States from October 24th to 27th.
U.S. Treasury Secretary Bescent fell to the ground with a hanging heart.
This is the fifth time that China and the United States conduct trade consultations, will it be the last time?
China takes the initiative
According to the latest news released on October 23 by the Ministry of Commerce, a spokesman for the Ministry of Commerce told reporters on China-U.S. economic and trade consultation related questions: China will lead the delegation to Malaysia on October 24-27 to hold economic and trade consultations with the United States.
The news was released half an hour before the shutdown of the Chinese stock market, after the release of the news, the stock index rose by falling, rising significantly.
The biggest difference between China and the U.S. in this trade consultation is that the U.S. side is very urgent, US President Trump and U.S. Treasury Secretary Bessent have been crying out frequently through various channels, unilaterally announcing that the two countries will hold their fifth trade consultation, and to determine the news of the two heads of state meet.
The Chinese side has shown a very low tone, revealed a cautious test gesture, for the unilateral invitation of the United States, China does not withdraw, but is not directly determined, but depends on the sincerity of the United States.
Noteworthy, before China released the news, U.S. Trade Representative Greer told the media that U.S. President Trump had some air files left and would still want to meet with Chinese heads during the South Korean economic conference next week, but ultimately had Chinese consent to do so.
The Chinese side still has a reserved attitude about whether to meet in South Korea, and is more cautious about the choice of meeting, because US President Trump is too unreliable and will often expand things twice as much to showcase its achievements and achievements.
U.S. President Trump has always been accustomed to speaking to China with a tone based on the position of power, but now the United States has no power, and as early as 2018, China has told the United States that they do not have that qualification, and now they do not have that qualification.
This is the greatest trouble the United States now faces, they can not separate from China's globalization, but are afraid that China's globalization threatens the U.S. leadership position in the world, so to take a lofty gesture, want to suppress China, thereby safeguarding their embarrassing position.
U.S. Treasury Secretary Besson is completely out.
Recently, many media have speculated that the fifth China-U.S. trade consultation should be the last such high-profile contact, and if there are no results, it will be hard, and China will no longer give the United States too many opportunities.
In the past, when expressing China's attitude towards the US trade war, China's spokesperson always responded with the ten characters "Talk, open the door, fight and accompany to the end". However, since October, the spokesman of the Chinese Ministry of Foreign Affairs has changed the order of these ten words, which is "fight, accompany to the end, and talk about open the door".
This shows that China's attitude towards the trade war has undergone fundamental changes. In the past, China was unwilling to harm the global trading system, so the reason was sitting at the negotiating table and wanted peace to win as much as possible, or to resolve the economic conflict between China and the United States in a win-win manner.
But after October, China realized that the United States was not interested in win-win or multi-win situations. All they wanted was a winner-take-all situation, so there was little need for discussion. It would be better to lose. Under the framework of game theory, a win-win outcome is definitely much better than a win-win outcome.
Under this outcome, whoever has a stronger economic structure will be more confident. It is obvious that the United States cannot afford the result of failure.
But U.S. relations, after a lose-lose situation, are China's winner-take-all.
Now that the United States has no card in its hands, Trump is able to bring out threats and threats to China is nothing more than to block the supply of aircraft parts to China, but once this is done, the wounded is still the US manufacturing industry.
To calculate, in fact, the United States except empty signature, there is no code, the US Treasury Secretary Bessent in the interview with the media, can only break the complaint of defense, China's negotiating representative hard, pushed the U.S. side to the corner of the wall, except for concessions there is no other option.
On the eve of the meeting, Trump repeatedly assured the capital markets that this trade consultation would have a good outcome and that the two sides would reach a lot of consensus.
This also shows that this time the United States came to negotiate with China with sincerity, and I hope that the sincerity of the United States will not disappoint China.