Ein Aufenthalt dauert sechs Tage, und der Zweck von Yellens Besuch in China ist offensichtlich: Zwei Dinge können besprochen werden, wenn man zustimmt.

As agreed by China and the United States, US Treasury Secretary Yellen will once again start her visit to China for six days. During this time, she will travel to Beijing and Guangzhou to meet with Chinese officials and some business people. To put it bluntly, she came to Beijing again to ask for "rice". The biggest purpose of Yellen's visit to China is nothing more than to let us buy a lot of US debt in the process of lowering the interest rate of the Federal Reserve, thus avoiding the sharp decline of the US dollar index and the large-scale outflow of funds.

Although the Federal Reserve has always declared that the macro-economy of the United States will achieve a soft landing in 2024, this must be based on the fact that the dollar does not collapse. But the reality is that selling American debt to buy gold has become the main economic strategy of central banks at this stage. This is also the reason why the US dollar index is at a high level, but the Fed has never lowered interest rates. Because they are worried that once they start to cut interest rates, no matter how much they drop, the dollar may collapse. If the dollar collapses, the commodity prices in the United States will inevitably rise sharply, and the inflation data will rebound quickly.

At that time, the so-called "curbing inflation by raising interest rates" by the Federal Reserve will become a big joke. If you don't want to make the Fed a joke, that's also