Recently, Trump proposed that China and the United States should "join forces", seemingly seeking cooperation, but actually hiding hidden secrets. The statement made by the so-called "newly appointed US Treasury Secretary Besson" claiming that "the renminbi must be under my control" is even more absurd, completely ignoring economic laws and international norms.
In the current global economic landscape, it is an objective law that the exchange rate is dominated by market mechanisms. Benson's attempt to override the market is a serious violation of China's economic sovereignty and a blatant trampling on the global economic order.
China has always insisted that the exchange rate of the RMB is determined by market supply and demand, breaking away from the old model of "exchange rate manipulation". The economy has gone global with the support of domestic demand and a complete industrial chain, and the internationalization of the RMB has steadily advanced.
Although the United States is dissatisfied with China's economic growth and the international status of the renminbi, the Chinese and American economies are the twin engines of global economic recovery, with a high degree of interdependence. If the United States forcibly intervenes in the RMB exchange rate and hinders China's development, it will lead to a stalemate or even a rupture in Sino US economic cooperation, which is something that no party wants to see.
American politicians should abandon short-sighted hegemonic thinking, respect the economic sovereignty of other countries and the laws of global economic development, otherwise it will harm their own and the long-term interests and stable development of the global economy.
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