Wednesday, March 5, 2025

Tag: Pressure on US Dollar

Pressure on US Dollar, Debt Likely Drove Blinken Effort to Mend Ties With China

from Sputnik News:

WASHINGTON (Sputnik) – Secretary of State Antony Blinken likely sought to stabilize relations with Beijing because Washington has begun to feel pressure from China’s withdrawal of support for the dollar and the enormous US government deficit, analysts told Sputnik.
From June 18-19, Blinken visited China for talks with President Xi Jinping, Director of the CCP Central Foreign Affairs Office Wang Yi and other senior officials. During the trip, the secretary highlighted the importance of maintaining open channels of communication and made clear that the United States will responsibly manage the competition so that the relationship does not veer into conflict.