U.S. Policy in China | A Short Story | Zer0es TV | Summary and Q&A

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January 8, 2022
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U.S. Policy in China | A Short Story | Zer0es TV

TL;DR

China's strategic intentions and confrontational stance towards the US and the West have been evolving for several decades, leading to policy blind spots and a need for a more comprehensive approach to counter China's rise.

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Key Insights

  • πŸ‡¨πŸ‡³ The US has underestimated China's intentions and willingness to maintain its authoritarian system at any cost.
  • πŸ₯Ί China has prioritized challenging the US as its primary adversary, leading to a confrontational approach and ideological competition.
  • 🚁 US business and cultural elites have been co-opted by China through financial incentives, leading to self-censorship and a reluctance to criticize the Chinese regime.
  • 🀩 The US needs to strengthen its competency in key areas such as semiconductors, supply chain management, and tracking capital flows to effectively counter China's rise.
  • 🌐 China's opaque capital market practices, state subsidies, and expansionist ambitions pose significant challenges for the US and global economic stability.
  • πŸ‘¨β€πŸ’Ό American business and pension funds are unwittingly investing heavily in Chinese companies, contributing to China's technological advancements and potential vulnerabilities for the US.

Questions & Answers

Q: How did China's perception of the US as a competitor evolve?

China started perceiving the US as its primary competitor after the collapse of the Soviet Union and the realization that the US was the only force capable of challenging their power.

Q: Did the US believe that engagement with China would lead to a convergence of values?

Yes, during the 1990s, US officials, particularly during the Clinton administration, believed that making China economically powerful would result in its alignment with liberal democratic values. However, this belief turned out to be wrong.

Q: How has China co-opted US elites and cultural icons?

Chinese state subsidies, business ties, and market access have enticed US business and cultural elites to align their interests with China, leading to self-censorship, reluctance to criticize the regime, and coordination with Chinese objectives.

Q: Can the US government regulate capital flows and technology transfer to counter China?

The US government needs to establish clear rules and incentives to ensure that capital flows, technology transfer, and data and information flows do not strengthen China's dominance. Government intervention can protect the private sector and prevent strategic dependencies.

Summary & Key Takeaways

  • China's view of the US as a primary competitor began to solidify 30 years ago, following events like the Tiananmen Square protests, Gulf War victory, and the collapse of the Soviet Union.

  • The US mistakenly believed that engagement with China would lead to a convergence towards a more liberal order, but this approach proved to be wrong.

  • The Chinese Communist Party has openly expressed its intentions to challenge the US and reshape global governance to favor authoritarianism.

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