Capitage China?The US Treasury Secretary will discuss the supply chain with Han Zheng

[Global Times Comprehensive Report] Yonhap News Agency reported on the 18th that US Treasury Minister Yellen will start a two -day visit to South Korea on the 19th. South Korea is the last stop of Yellen Asia. She also visited Japan before and attended the Group of Tenth Group (G20) Finance Ministers and Central Bank President Meeting in Indonesia. South Korean media said that during the period of South Korea, Yellen would meet with South Korean President Yin Xiyue, Economic Vice Prime Minister and Minister of Planning, Qiu Qinghao, and the President of South Korea. "Asia Economy" states that Yellen may urge South Korea to strengthen the cooperation of supply chain such as semiconductors, contain China, and participate in Russian crude oil prices.

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According to the "South Korea Economic" report, the visit was the first visit to South Korea after Yellen was in January last year, and it was also the US Treasury Secretary's visit to South Korea again after a lapse of 6 years. Yonhap News Agency said that Yellen and Yin Xiyue may exchange opinions on strengthening supply chain cooperation, sanctions on Russia, and separate sanctions on North Korea. Relevant persons in the South Korean President's Office said that the two sides will extensive exchanges on bilateral economic issues. During the talks of the Treasury Secretary of Korea and the United States, it is expected that the two parties will exchange opinions on topics such as global supply chain, strengthening sanctions on Russia, response to inflation pressure, and suppressing fluctuations in the foreign exchange market. Yellen will have about 40 minutes of talks with Li Changzhang, and the two parties will exchange opinions on topics such as global economic and financial market conditions and policy cooperation. The "Korean National Daily" states that although the negotiation of the South Korean and American currency swap agreement is also attracted, it has attracted much attention, but the possibility of discussion is lower. In addition, Yellen will also go to LG Group R & D Park, LG Technology Park during the visit to South Korea. LG Technology Park has released an investment plan for electric vehicle battery manufacturing facilities in the United States.

According to Reuters on the 18th, Yellen will call for trade links between allies on the 19th to diversify the supply chain, fight against inflation, and defeat China's so -called "unfair trade behavior" and lead key raw materials and technical markets. According to the US Ministry of Finance, Yelun will speak in a policy speech on Tuesday: "We cannot allow nationals like China to use its market position in key raw materials, technology or products to disturb our economy and exert unnecessary unnecessary unnecessary use Geopolitics influence. "Yellen also said that allies like the United States and South Korea should rely more on trade partners that rely on trusted trading partners to strengthen economic toughness and reduce risks.

A spokesman for the Chinese Ministry of Foreign Affairs has repeatedly reiterated that the statement of the United States has accused China's so -called "non -market behavior" inconsistent with the facts. My spokesman emphasized that peaceful development and win -win cooperation are the common wishes of the current era and the people of all countries. Some people in the United States are obsessed with intimidation and allies all day long. It is completely moving against the trend of the times.

"South Korea Economy" analyzed that when the US President Bynden visited South Korea in May, South Korea promised Korean companies to invest in the United States in a strategic industry such as semiconductors and batteries. As an important axis of the global security supply chain, which is conceived in the United States, it fully proves that South Korea is an important economic security alliance in the United States. It is reported that in the United States's promotion of China, Japan and South Korea are important fortresses in East Asia, which is beyond doubt.

However, the report pointed out that it is impossible for South Korea to choose the Korean and American Alliance without paying a price. China is the largest export market in South Korea, with more than 2,8400 Korean companies invested $ 86.7 billion in China. In Russia, 653 Korean companies invested $ 3.1 billion. Therefore, South Korea will suffer considerable losses for their choices. (Han Wen)

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