This does not mean changing the basic situation of the U.S.-China confrontation. It also does not mean weakening the encirclement against China.
Washington is trying to establish an economic contact route with Beijing.
On the other hand, it is working with neighboring countries in the Indo-Pacific region to speed up the encirclement against China.
According to a U.S. announcement, the U.S. Treasury Department and the Chinese Ministry of Finance will lead the economic task force, and the U.S. Treasury Department and the People's Bank of China will lead the financial task force.
The two task forces will hold regular time-limited meetings and report to the U.S. Secretary of the Treasury and the Vice President of the Chinese Ministry of Finance.
The U.S. Secretary of the Treasury will inform X about the purpose of the task force's establishment, and this task force will function as an important platform to express U.S. interest and concerns.
This will promote a healthy economic competition between the U.S. and China, make the conditions for competition between U.S. workers and companies a fair environment, and promote cooperation in dealing with global issues.
The U.S. Secretary of the Treasury said that this task force will be useful in explaining the actions of both parties, and that the U.S. will be able to provide solutions.
The U.S. Secretary of the Treasury also said that issues such as the restructuring of the country's finances are within the scope of the work force's dialogue.
The Chinese version of Lehman Shock, which the world is paying attention to, is approaching.
The timing of the establishment of the U.S. Treasury Secretary-General's U.S.-China Economic and Financial Working Group Task Force is interesting.
In late August, the U.S. Secretary of the Treasury visited China and proposed the establishment of the U.S. Export Management Task Force, which aims to explain U.S. trade policy.
On September 22, the KMT suspended the financial restructuring plan for a total of about $3.5 billion, or about 5.25 trillion yen, for the purpose of sustaining real estate sales.
The KMT believes that it is necessary to review the information on the restructuring plan in order to meet the objective situation of the company and the claims of the restructuring company.
This means that the arrival of the Chinese version of Lehman Shock is accelerating. The collapse of the Chinese financial market is a domino effect on the world's financial economy, and Western countries cannot ignore it.
In August, Chinese government officials dispatched an investigation team to the worst 10-plus provinces in the country to conduct accounting inspections and search for ways to reduce debt.
An electric shock incident occurred in Tianjin City, the closest city to Beijing.
In addition, it is said that the amount of overtime from the beginning of this year to the present is not provided for.
On September 2, when the employees received the hospital, it was said that medical insurance had been suspended.
Chinese media's Kaimen News reported that the driver of the Tianjin bus had just been paid for a month on September 12, and that his salary for two months had not yet been paid.
It is also reported that this year's claim has not yet been paid.
On September 11, the customer service person in charge of the Tianjin City public transport group said in a media interview that the overall situation of the group is the same above and below.
For the past two years, debt is often occurring.
Employees say they have no choice but to overcome their car loans and housing loans.
In addition, there have been cases of debt demand in groups such as Kanan Shoraku Yohji and Kosei Syokei Linshi.
On September 4, a few hundred teachers from the first high school and second high school in Utsuku, Kanan Shoraku Yohji, sat in front of each school gate and asked for a quick payment of the salary they had been paying for several months.
Recently, at the entrance of the Kosei Syokei Linshi Electric Power Station, more than 30 people demanded a double-payment of their salary.
They have not been paid for eight months.
We want to survive. We have to survive.
Professor You Han, a professor at the University of China, said that the Chinese government has 8,100,000 employees and that it is short of 5.7 trillion yen a year, or about 114 trillion yen.
This is equivalent to 6.7 trillion yen, or about 118 trillion yen, of the GDP 5.6 billion, which is China's fifth largest economy.
The bad guys do bad things when they have a problem.
The Chinese economy has structural problems.
This fundamental problem has been exposed since the US-China trade war in 2018.
The general view is that the Chinese economy is on the brink of a historical decline after the expansion of the coronavirus, which has been going on for three years.
As consumption has plummeted and the real estate industry, which accounts for about 25% of the GDP, has gone bankrupt, the Chinese economy is rapidly approaching a decline.
Currently, economic policies such as tax evasion and economic recovery are all limited by their own causes.
The local government has a debt of more than 90 trillion yen, or about 1,800 trillion yen, and it is difficult to launch a large-scale financial outpouring internationally.
China's central bank has been trying to save its economy many times in order to reduce interest rates, while the U.S. FRB has been raising interest rates many times.
The U.S. FRB has been raising interest rates many times in order to reduce interest rates, while the U.S. FRB has been raising interest rates many times in order to reduce interest rates, which has led to a serious capital outflow.
China's central bank is facing the difficulty of not being able to achieve these two things at the same time.
President Biden said that the current situation of the Chinese economy is a dimensional bomb that threatens the world economy.
The U.S. fears that evil people will do bad things when they are in trouble, and is also prepared to respond to the dimensional bomb.
The Korean government also recognizes that China's financial crisis is erupting.
On the 20th, the Korean government set up the China Economic Situation Team, led by Secretary-General Choo Kyung-ho of the Ministry of Economy, Trade and Investment,
and announced that it would pay the latest attention to the financial risks and impact on Korea caused by the real estate bubble collapse in China.
That's all for today.
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