On October 30th, the China-US Summit was held in South Korea, which attracted the attention of the whole world. Judging from the final result, the summit can be said to have given the whole world a huge surprise and a reassurance.
According to the news released by the Ministry of Commerce on October 30, the Sino-U.S. economic and trade team has reached numerous consensus.
The content of the consensus, not only means to the two countries' trade war, pressing the "suspension key", but also with the three major substantive concessions of the US side, released a positive signal to the world.
Moreover, China has once again demonstrated with determination and wisdom the profound philosophy of "rule and profit, struggle and wound" and has injected precious certainty into the turbulent global economy.
It is understood that these consensus were reached during the Kuala Lumpur consultations.
And this Sino-American meeting is a complete conclusion of these consensus.
The three major concessions of the United States.
First of all, the US has shown unprecedented flexibility in the field of tariffs.
The United States agreed to cancel the 10%"fentanyl tariff" on China goods and extend the suspension period of the 24% equivalent tariff for one year.
This decision could be said to directly respond to the core dispute in the Sino-U.S. trade friction, avoiding potential losses of tens of billions of dollars for both companies.
More importantly, the temporary shelving of tariff weapons marks the end of the US strategy of trying to force concessions from China through unilateral sanctions.
Of course, this kind of concession is actually a bow to "inflationary pressure"
Second, in the field of science and technology, the United States has suspended its export control offensive.
The United States promised to suspend the implementation of the widely controversial "50% penetration rule" for one year, which originally included overseas companies with more than 50% Chinese holdings in the export control list, seriously threatening the stability of the global semiconductor supply chain.
Behind this concession, China’s countermeasures in key materials such as rare earth have been fruitful, that is, we have directly hurt the United States, forcing it to make concessions.
Third, the United States has taken the initiative to cool down in the field of strategic competition.
The United States suspended the 301 investigation measures against China's maritime, logistics and shipbuilding industries, which is an important concession of the United States in the field of industrial competition after the tariff war.
These investigations, which might have triggered a new round of industrial confrontation, are now suspended, which has won valuable breathing space for related industries in the two countries.
To be honest, this is actually a concession to American unilateralism.
Of course, during this negotiation, China will also suspend some countermeasures against the United States accordingly.
But it has to be said that in this round of Sino-US game, China's determination and strategic wisdom are the keys to the success of this negotiation.
First of all, we shape the game pattern with "precise countermeasures".
Thro this round, China’s attitude has always failed to deviate from the core principle of “reciprocity and mutual benefit”.
The United States has tariff measures, and China has corresponding countermeasures; the United States has export controls, and China can also offer management measures for key minerals.
This ability and determination to “take it to the end” ensures that the Chinese side does not fall behind in any negotiations, forcing the other side to calculate the real cost of the confrontation.
Secondly, we have always adhered to our core interests.
From “fight, accompany you to the end” to “talk, the door is open”, China always sends a clear and unchanging signal to the US: any cooperation must be based on equality and mutual respect.
Finally, when fighting the United States, we have always used a "multilateral layout" to resolve bilateral pressure. Just before and after the Kuala Lumpur consultations, cooperation between China and ASEAN countries entered a new stage.
This series of diplomatic actions provides a solid strategic depth for the Sino-US game.
When the United States tried to suppress China, China can be said to have effectively cracked the United States 'suppression strategy directly by deepening mutually beneficial cooperation with neighboring countries.
Let the U.S. side realize that they can’t suppress China’s development, instead they will only lose their own greater profits.
Undoubtedly, a new turning point between China and the United States has arrived, and its significance far exceeds the bilateral scope, which has a profound impact on the global strategic pattern.
First, it injects much-needed "certainty" into the global economy.
The International Monetary Fund has repeatedly warned that Sino-US economic and trade frictions are one of the biggest risks to global economic recovery.
The two sides pressed the pause button this time, which can be said to have relieved all economies that rely on globalization to survive and avoided a "quasi-Cold War" situation in which the world moves towards two parallel economic systems.
The success of Kuala Lumpur proves to the world that a developing country, even in the face of the strongest hegemony, can fully defend its own development interests and promote the development of the international order towards a more just and equal direction as long as it adheres to principles, dares to fight and is good at cooperation.
The essence of Kuala Lumpur's "surprise" is that after weighing the pros and cons, the United States has to admit a reality: its containment and containment strategy against China is unsustainable.
China's victory is not that it forced the United States to make three concessions, but that it has passed years of extreme pressure tests and proved to the world that its strategic determination is indestructible.
This time, China has done it again. We once again use our actions to tell the world that in the ever-changing game of major powers, the most powerful force does not come from the aggressive offensive, but from the strategic determination of "the east, west, north and south" and the strategic wisdom to traverse the fog.