🇨🇳☭💥🇺🇸 Hearing of The Select Committee on the CCP: Risky Business: Growing Peril for American Companies in China
07/13/2023
https://selectcommitteeontheccp.house.gov/committee-activity/hearings/hearing-notice-risky-business-growing-peril-american-companies-china

Desmond Shum:「A thought when sitting in the hearing. I think the committee should leave the last battle behind and prepare for the next battle in this continuing competition. The prize of the competition is the construct of world order. Over the past three decades, China has, from a rising economic power, become the second largest economy that exerts strong global influence. China has gained the strength to change the world order. Xi has stressed repeatedly that he is ready to do that, “a change the world hasn’t seen in a hundred year 百年未有之大变局”. CCP won the last phase by a stealth attack that US didn’t see and didn’t believe was coming. But, we are entering a new phase. I believe China economy has peaked and is on the way down. Of course, given the size of its economy today, there will be pockets that continue to grow. But, it doesn’t change the fact that Chinese economy overall has peaked and will start to go south. I think the next battle is about dealing w a different China: the world’s second largest economy w low/no growth, or god forbid to some😱 that it actually starts to decline; more authoritarian and dystopian internally; aggressive and menacing externally, but sometimes messages unexpectedly friendliness (that’s managing outside pressure not change of heart). China/Taiwan issue will be a growing thorn for the world, as an invasion would wreck the global economy. With an economically weakened China, does that make Xi more or less likely to start a war? How does the democratic world, lead by US, deal w that “new” China? That’s the next phase of this global competition」

https://nitter.net/DesmondShum/status/1679799201104900097

https://www.youtube.com/watch?v=uyYytwv8hNY

#CCP #PRC #china #IPtheft #chinabusiness101 #MFN #WTO #geopolitics #NatSec #tradepolicy #TrumanDoctrine #globalism #authoritarianism