Jamie Dimon, CEO of JP Morgan, interviewed Shanghai with the viceprimer minister He Lifeng, right hand of Xi Jinping in economic and financial matters, and ratified the decision to “deepen” the commitment of the largest investment bank in the world with the popular republic. This meeting was the first to Besent and He Lifeng agreed to a reduction of tariffs of 145% to 30%, and from 125% to 10%, respectively, as well as to maintain the new rates for a period of 90 days while a final agreement is negotiated that sets the joint course of the two superpowers, guided by a cooperative and non -antagonistic criterion. Great North American companies to “continue to contribute to sustainable, healthy, and increasingly profound development of economic and commercial relations between the People’s Republic and the US.” The key here is the formula “Joint Development” proposed by China to the great US transnational transnationals, and through its intermediate – via Scott Bessent – to President Donald Trump. The US is to systematically reduce the double deficit, fiscal and current account, whose growth has become unsustainable. The US fiscal deficit reached 6.4% of GDP in 2024, which caused an boom of US $ 1.9 billion in the federal government debt, which already amounts to US $ 36 billion, and grows US $ 1.2 billion per year. The result is that the payment of the interests of this debt already reaches US $ 1.1 billion per year, which is higher than military and defense expenditure. At this rate, the public debt would exceed 125% of the US product in 2033. The current account deficit reached US $ 1.9 billion in 2024, based on a commercial deficit of US $ 1.1 billion annually, which reveals the tremendous export weakness of the USA at the current time; and all this accompanied by a phenomenal boom in consumption that climbed to 87% of the product last year. Secretary Besent began systematically reducing the fiscal deficit and aspires to cut it in half in 3 years (3% per year). 130 countries with which it is negotiating an opening of markets for US external sales. For China the crucial issue is He ordered his own futures market in the great bags of the People’s Republic, and from 2023 he obtained the complete property of his “management” business of financial assets, which allowed him Formidable, especially after the resonant success achieved by the Deepseek startup. It is to this sector that JP Morgan will turn its enormous investment capacity. XI Jinping maintains as a central strategy that China must achieve the greatest “self -sufficiency” in its advanced technological production, without this implying in any way the search for some type of isolationist autarchy. The Chinese strategy is by definition of a “prolonged” character because it originates in the long -term vision of Mao Tse Tse Tung, which was imposed on a civil war that was imposed on a civil war that was imposed on a civil war that was imposed in a civil It lasted 20 years and in a national war against Japan that reached 3 years. And all this happened in a country whose national identity arises from its 5,000 years of history. Altitimal productivity and competitive aptitude, which are characteristic of a community of “shared prosperity”, such as Xi Jinping. The novelty at this time is that the “common front” to carry out this historical feat must be done now with the US, from that truly decisive turning point that was the Geneva agreement with the North American delegation headed by Bessent. of uninterrupted state history. That is why he always changes the time, but he does it within a deep permanence. That is your destiny.
