Untangling the U.S. - China Narrative: Technology, Trade, and Tensions
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- Опубліковано 31 тра 2024
- SAN FRANCISCO, May 20, 2019 - In partnership with the Committee of 100, speakers from all sectors come together for a lively discussion about the current state of U.S.-China relations. Speakers included Andy Rothman from Matthews Asia and a member of the Asia Society Northern California Advisory Board; Victor Wang with CEG Ventures; Buck Gee, co-founding board member of the Chinese American Community Foundation and member of both C100 and the Asia Society Northern California Advisory Board; and Mark Cohen, director at the Berkeley Center for Law and Technology Asian IP Project. The discussion was moderated by Frank H. Wu, president of Committee of 100, and featured opening remarks by Kenneth P. Wilcox, chair of Asia Society Northern California Advisory Board. (1 hr., 24 mins)
Thanks for the beautiful presentation. I presume open and honest people in this company. We have to believe common sense and logic. If the machine is not working well there must be something wrong, needs some fixings. If something is good adopt it because it makes sense.
Great discussion, great Host, great guests and great questions form the floor. Thank you.
If US and other western leaders had half the smarts of Singapore's PM Lee, there would be far fewer problems in the world
The reasons China could not come into agreement with the US can be summarized in 3 points. 1. The US require that China changes its promulgated law to reflect the "trade agreement". It should be pointed out that the last time China did that was during the period of humiliation by western powers and Japan before WW2, which culminated into the May 4th movement in 1919. This is obviously a non starter. 2. In addition to the US retaining some of the tariffs and China to eliminate all, the US require that should China be found in "violation" of the agreement, the US can reimpose tariff, and China cannot retaliate. Even Kevin Rudd, Australia's ex PM, said that he would have rejected such request if it were presented to him as PM. 3. The amount of committed purchases of farm and other merchandise from the US is a fixed amount that cannot be changed even when China's domestic demand changes (e.g., China's problem with her hog herd size due to swine flu, which would reduce China's import of soybean).
If the US is serious to reach a trade deal, less posturing and more realistic expectation is the key. As is, no Chinese government leaders can agree.
5 hours ago
Why would you make a fair deal with country that never keeps their word?
From what I have seen and read if China accepts the terms, great. Its a small win that can set up future wins. But it seems to me that this is the first logical step they needed to take if the course was a future war with China. The trade war will help the US slowly ween itself off of cheap Chinese goods and give them time to set up alternatives while at the same time causing a major headache for the Chinese. They are also destabilizing world trade which the USA depends very little on while Chinese depend very heavily on it. Trumps thinking is why hold up a system that does nothing for me and rivals depend heavily on. Then there is their position on Iran, which China depends on cheap energy from.
It's come about because USA companies have been shifting all factories out of the country.
Then you have problems with people getting jobs in the USA, you have to remember the USA is paying China around 850 billion it more and china is paying USA 150 billion.
That causes problems for USA.
These speakers say the same thing the biggest car market isn't USA, it's China right now.
China already had more millionaires than USA right now, and the Chinese domestic economy surpassed USA back in 2016.
These trade problems is really about trying to keep USA in the #1 spot rather than some ww 2 issue.
Thief is demanding a respect. In China, thieves are beat up until they confess, unless any thief has a connection with a commun8st authority.
Well said!
Ref blows whistle;
"America: You need to learn to share the ball and you need to learn more STEM to keep growing in this game!"
"China: You need to be transparently honest with the rules you're playing with so we know what game you're playing....because if they don't think it's fair America might get all emotional and stop playing with you by toppling the table."
Ok; now shakehands. Good. Game On!
I LAUGHED OUT LOUD AT THE COMPARISON OF COMMUNISM LIVING 15 YRS IN SHANGHAI AND NOW LIVING IN BERKLEY HOW MANY MORE MARXISTS AND LENNINISTS THERE ARE THERE. GREAT HUMOR, LOVING IT!
Sandra Mckinlay
That’s a sad statement actually sickening we better wake up!
I hope more people will hear these voices of reason, the American people deserve to know the truth.
As for politicians in Washington and their media, there is no hope.
Trade balancing was/is needed. More tax on Chinese goods are needed. Move the manufacturing back on US shore or to a more open country with no currency manipulation or taxes on products.
Shameful paid Chinese proxys!
This trade war goes far beyond economy. It reveals the dark side of a nation's honor and soul.
It represents the narrow market we are entitled to.
It's clear that everyone has their own system. Each has its own strength and weakness. It is freedom of choice and no one can force the other to change
For someone living outside of US and China but closely following the trade war, this was a refreshing and honest discussion on both sides. Good that speakers all looking for solutions rather than just blame like a lot of the other think tank type talks. Certainly increased my understanding of the issues faced by both sides.
don't confuse polite conversation with truth, alot missed, Blame purposely on US, but with a light touch thats all
And its the Asia Society !
Well, thank you Andy Rothman for bring the social justice awareness aspects of all of this, and reminding us once again that we are just racists, and its nothing more than that. Thank you so much.
The concept of fair game in China is different than that of the western countries. America needs to realize that China had been the dominant society of the world before over thousands of years, and will recover to it soon.
The US has no problem with Taiwan is because Taiwan relies upon her security on the US's power hence subservient to the US in many issues. Whereas China is the opposite she wants to assert her influence on parts of Asia which are traditionally the domain of US hegemony, and the US wants to maintain that hegemony and does not want to treat Chian as a rising power and treat her as an equal. This is the basic thrust of the difference between the two powers.
So, what do you think. For China to remain subservient to US hegemony?
Silly. If u live in Asia , you won’t want China to collapse. They are the one that is driving the Asia economic growth. If they fail, end of the Asia miracle.Our salary will remain stagnant as there are no Chinese investment. Worse, job will be lost. No political stability, hot money will flow out of the ctry. No matter how diligent your ppl is , it is of no use. Who wants to use your currency if your ctry is in turmoil. And it is not the first timeUS uses its hegemony to drive wedge in the world. Remember 1997 Asian financial, Gerorge Soros and his Wall street fund managers drive most Asia ctries backward for 20 yrs of hard work by erasing their savings and prosperity. If not China which come up with a stimulus aid program and maintain stability in Asia mkts, Asia now will be like South American nations.
USA is using Taiwan as a pawn to stop the rise of China.
US egged on the Georgians and Ukrainians. Georgia is doing well today when they kicked out the puppet. Ukraine just elected a comic. they have to find their way.
Yeah, they didn’t mention Breton Woods at all.
Let's go back to these 'basic' discussion to examine what can be done for the interest of both instead of none. Probably the US and China shouldn't have gotten so close in the first place and shall never get that close ever again, since what is happening is going to make it almost impossible for this 'couple' to get close again.
In BC Canada (one province) there are 498,000 Chinese. They have bought up the best properties, many on loans from mainland..
The United States is the world's number one economic power, the first technological power, why lose confidence in the face of competition, the United States should show your pride and confidence, and give up the bully means.
Being number one certainly does not mean he has to tolerate criminal behavior. On the contrary, being number one makes one hold all the more dear the essential importance of honoring contractual obligations and protection of private properties including the intellectual properties. China, specifically the Chinese Communist Party, violates both blatantly and egregiously. It needs to be dealt with firmly.
Only the weak get bullied, China shouldn't have a problem then right?
Kooisoon Yin
Depending on how fair that competition is. If you get in a boxing ring with an opponent who uses brass knuckles instead of boxing gloves, then what kind of fair competition is that?
The US used to be the economic power and tech leader for a few decades but China is granted 7 times as many patents per year as the US and China graduates 50 times the engineers as the US. PPP, the measure of buying power for unit of work or local currency places China well ahead of the US and that difference it widening every month. The middle class in China is booming and is far larger than the US total population. In the US the once dominate middle class has seen its share of national wealth drop from 67% to 6.5% in 35 years, and the poor and working class drop from 18% to less than 2 percent. Just look at Chinese cities, each more modern in services and infrastructure than any US city. The US still can't build a single high-speed rail system while China has installed far more HS rail in Africa than the Americas have in total. The US is trying to bully a country that does not want to be bullied and can do just fine without the US at all. It is obvious the US only negotiating tool is the military and some countries are prepared to effectively defend themselves, China and Russia for example. The US was unable to defeat Syria so how can Washington be so clueless to think the US can invade China or Russia and not be destroyed in the process?
Its not competition when they don't play by the agreed upon rules. You know who wanted this trade war more than anyone, our business sector. After being lied to about a 'more open China' every decade for 3 decades they are just getting tired of it.
Looking at both sides cause am a Foreign born Malaysian Chinese.
I think a lot of the “problem” is driven by political needs in both sides.
Victor makes it sound that China should not react to US assertions and initiation on the trade war.
Perhaps to him, it is better for China to concede to whatever Trump wants?
I enjoy this conversation, one of the very few sensible voices in the current environment. Unfortunately, it can't reach to decision makers
Sadly, several of these gentlemen were far too willing to either downplay, overlook or even just set aside serious issues such as China's nearly total failure to live up to its WTO agreements or the fact that patents in China are first accessed by the military before they are made available to the public. How many Nobel Prizes annually in STEM categories are awarded to the Chinese versus the Americans? Listening to some of the speakers you would have never guessed the correct answer from what they told us today.
Los riesgos son necesarios pero tienen que tener soluciones, si algo sale mal ..... los bancos tienen mucha ambición..... con vista al Futuro ....
Very productive conversations, something that much more educational than from the antics of Washington. Definitely gave different perspectives and more understanding bilateral relationships vs hostile name calling and non stop rhetoric bans that burns relationships between Washington and Beijing.
What about the 700 Billion bailout in 2008? Check your own backyard.
That's true, but 4000 smaller banks have still failed in the last 40 years
Hi Chinese bot - both the US and Chinese governments are corrupt. Tell you what. We'll overthrow ours and you overthrow yours
Ad_infinitum_sq Bank of China, Credit Suisse and even Harley Davidson got bailout money,
Opening speech is funny, honest and relatable. I think the US government want to contain China and I think the decoupling process has begun. There will be painful readjustment like any divorce. The actions by US is very aggressive and I think whatever trust and respect built by individuals will come to naught.
Yes. CCP should be rebranded. LOL. China is more capitaliat than many other countries.
In recent years we're seen the development of two transportation standards and systems. We're now in the process of the world developing two technological standards and systems.
Your lack off preparation before making a foray into the unknowns of the Chinese banking world tells me you are out of your depth, surely you would have hired someone very familiar with that system to ease your way but of course as an American you really went there to show them how it should be done.
Cowboy mentally!
My thoughts exactly...
It's a matter of due diligence.
And would have been a surprise can of worms avoided by asking a very simple question.
"What regulations and other legalities are applied to opening and running a bank in China?"
Was it even asked? Was it asked but not answered?
Otherwise... Not the brightest knife in the banking industry.
A great event that has guests that truly understand two sides!
54.00 - Buck Gee almost directly disagreed with the POTUS and the current Republicans in power on free trade. Wow.
Have you heard of the "RINO" acronym? Did you continue to listen at 54:55 where Chuck Schumer cheers on POTUS?
Moe and more Americans need to think and act and influence like Andy. Thumbs up!
consider there are more than half us bank failed in past years.it is normal and reasonable to more strict on us banks in China.who will repay tocreditors if your bank failed?You can apply bankrupt and no need to repay the creditors in us.This is not gonna work in china.
It's not about failure.
It's about putting off people, 7 years to get a license to rent a building to open a branch.
You then require a license to be allowed to lend money, then another license to lend money out to 1 set market.
That's 3 licenses before you have even started, and if it is 7 years each most Banks wouldn't bother, as you're waiting 21 years just to get started to lend money, and that wouldn't let you hold any money as you'd require more licenses to do that as well.
I'm from asia, you guys have no idea what happening now, something drastic change, i just want to say...god bless american, you guys are not going in the right way
The opening remarks are highly ironic since he said in the US "banks are good at managing risks because we let them fail," wow really? If that were true then the great recession would never have happened. What was the rationale used to justify the bank bailouts again? Was it "too big to fail" or "let them fail?" nobody remembers, but those banks sure as heck were good at managing risks. The laws, regulations and market conditions in China and the US are quite different to be sure, but isn't it incumbent upon the businesses to do their due diligence and make all the preparations humanly possible before going into a foreign market? Or is it simply assumed that since we are American, we are always right so everyone has to change their laws to accommodate our needs.
If you went to China to open a bank and didn't understand the rules what does that say about you
Why should we be “above all of that”.
lbathon He is a globalist shill, they how they act, until they lose their job, then they change.
u lost me at "us regulators let us banks fail"
I once read a very old book on 'origins of chinese language' written by a British author (interestingly) who wrote in the foreword ... something to this effect (I do not have book to quote directly). He said, historically in all the dynasties throughout history, the non Han rulers like Yuan and Qing had to accept the local language however hard they tried to impose their culture and language on the Han majority.
If it is hard for the victors in China to replace the Han language with Mongolian and Manchurian language abd culture, it is more difficult from.the outside. A old civilisation language and culture is not something you can change in.a few of decades. That is why Chinese tend to look.at things in.decades.
1:17:33 Quote is from Phil Knight’s book Shoe Dog. You’re welcome.
Addy Grossman, Buck Gee, & Mark Cohen presented interesting point of view.
28:28 Victor Wang: "There will be a two technologies standard: China and the Rest-Of-The-World".
As long as China fails to understand the Letter of the Law regarding patents, etc, this is true. The other problem is the USD being the currency of international trade, versus China's yuan. This double standard which has been created by Chinese Psychology.
In Chinese Psychology, there is very poor understanding of individual adults. Failure to individuate comes from a failed teenage maturation. This failure is common to East Asians, and most other "youngsters in every nation.
30:49 Buck Gee: " ... FBI ... makes mistakes [based on anti-Chinese-racism] ... ". The same has happened to me in Australia, all my adult life, including now as I move to my seventieth birthday. I'm fifth generation Australian, long term married, no kids, etc.
32:26 Mark Cohen: "How did these issues all of a sudden morph into a trade war?"
33:17 "China is the biggest patent office in the world ... bigger than all the other patent offices in the world combined! ... [[many statistics follow]"
35:26 "... targeting Chinese Americans economic espionage ... "
39:11 " ... it may be about something much bigger that's in the minds of the people in Washington ... "
41:07 Buck Gee: "China is potentially a huge market for Cisco".
It's not going to be a full market economy ... "
51:02 Andy Rothman: "China has not rebranded. They need to stop calling it the Chinese Communist Party! [audience laughs] because it gives people the impression that it's a communist country.
51:16 " [China]is one of the most entrepreneurial places in the world.
51:28 " [Berkely has] more people who believe in Marxist Leninist theory than there are in all of China [audience laughs]
52:15 " ... all of the issues that are being bandied about ... would all be fixed if we return to the basic principles of the WTO about market access ... "
53:27 " ... it's a clash of civilisations ... "
53:57 Moderator, Frank H. Wu: "is there now bipartisan support ... from politicians of every background to get tough? ... how important is President Trump?
Victor Wang: " ... Trump has suggested that we are closing down markets instead of ... opening access for everybody. ... "That's the Democratic mantra. Protect American jobs! I think he's crazy. [audience laughter]
54:52 Moderator, Frank H. Wu: "there you have it! From an American and Republican!"
55:20 Mark Cohen: "This cannot be viewed as a Trump only phenomenon."
55:34 "There's a new normal, which will probably last beyond Trump".
57:02 Audience1: What do the next two years hold?"
57:15 Victor Wang: "It's going to get worse".
58:00 "The loss of American jobs. The fear of Chinese growth. As well as the fear of immigration. ... It could be a nasty scene on both sides.
58:18 Andy Rothman: "I'm actually optimistic that there is going to be a trade deal in the coming months.
58:40 "The recent meltdown is tactical.
58:43 "I'm very pessimistic about the future of US - CHINA relations over the next decade". I definitely think it's a bipartisan problem."
1:00:30 Audience2: "How do you educate the general public about the seriousness of the issues & the intricacy?"
1:01:13 Mark Cohen: Both parties are running on fear & they're not factually driven ... ".
1:02:10 It is easy to see China writ large as a scapegoat for a whole bunch of problems.
1:02:35 "It is hard to counter fear."
1:02:55 Andy Rothman: "How about - Do you hate China so much that you want to pay double at Walmart?" [audience laughter]
1:04:43 Audience3: "Will China take over [as leader of the world, from the USA?]
1:05:06 Buck Gee: "The USA [cannot] maintain its dominance in the world. ... neither [political] party will openly admit."
1:05:44 Mark Cohen: "The US can still be a key in a range of sectors ... in a pluralistic world. ... Switzerland has a higher standard of income than the U.S. ...
1:09:20 Victor Wang: "U.S. today is threatened by [China]. ..."
1:10:02 "Nobody wants war ... ".
1:12:31 Audience4: "What is the heart of the conflict here?"
1:13:30 Andy Rothman: "It is close to impossible for an American politician to acknowledge that we might have to share power" [very tightly press his lips tightly for the next few seconds].
1:13:37 Victor Wang: "I certainly don't think it's a cultural difference ... Taiwan preserves [Chinese] culture much better than mainland China. ... So it's not a cultural problem. ... China is not a USSR."
1:16:20 Buck Gee: " ... economic threat from Japan ... Germany ... similar things happen to some extent."
1:20:40 Andy Rothman [smiling]: "We [USA] need to deal with the China that is really out there rather than the China that we think might be out there."
1:21:35 Victor Wang: " ... cyberwar ... makes this relationship more complex".
1:21:45 Mark Cohen: "It really has to do with growing the middle class [of both China & the USA]... ".
1:22:36 Mark Cohen: " ... I sometimes wonder whether this is a problem for the West, and not a problem for China. China has its own vision of its Imperial glory, which did not men one major power fighting another. It's about Face.. About recognising China's accomplishments. ... ".
1:23:02 The media wants to sensationalise our [U.S.A] decline and China's rise. ... We will be a traitor to our own values. ... Then we really have a serious problem."
Moderator closes the event with a positive classical quotation.
Can anyone timestamp the forced tech transfer comments. Thats what I want to hear about
BTW I like the balance of the discussion, very informative.
The US used to be a great country. it was absorbing as much as 1,000,000 brainy people a year as students, research assistants, researchers, and people with special skills. This includes Einstein, Von Newmann, and the Internet luminaries like Engelbart, Wiener, and many others. Unfortunately, after 911, this supply has been cut. Brain power in the US is fast depleting. On the other hand, brain power in China is on the uptrend. One of the latest reports is that the Chinese are publishing more scientific articles than the US. Established scientists and researchers are also moving to China. They get funding, infrastructure, and also research assistants to accelerate their work. China also has more supercomputing power than the US today.
Given the above scenario, the US can only hold on to its military power for now.
wag the dog,you haven't a clue,america is employee owned
War is not an option. No matter how strong the military is. Both sides realise this. Hopefully soon they will come to their senses.
Yea I think they have almost double the amount of engineers graduating each year than America.
KK Aw
The United States is STILL an AWESOME & GREAT country. Just because it doesn’t allow Chinese PRC Spies disguised as Students to enroll into American universities doesn’t mean it’s bad. I believe Pro Communist china trolls like you guys should have a REALITY CHECK instead of BLINDLY believing your own bullshit! MORE people are MIGRATING to the States from China than Vice versa today!
you are a silly Chinese man. innovation happens partly because of the free market and our right to prosper from our inventions by implementing patents. We have a free market that allows business's to naturally excel in their individual endeavors. It's not state controlled. Almost all our cases showed that when we have privatized an industry it did so much better. Such as the airlines, private schools, and even our space programs like Space X. You might be good with the calculator, but you are standing on a weak foundation. Marxist Communist Russia fell, Its a matter of time before China does the same.
absolutly amazing and solution orientated, we need that change more then ever!!!
Yes , What you are saying is the true ..... this situation es not new .... Thanks... Gracias
If you want to see the face of a poor con man, you see it in the first speaker. He forgot that the greatest bailout of banks ever in history occurred in 2009 - 2011.
dude, if all you can do is manage risk, you are not making a profit. without profit there is no growth. Businesses who focus only on managing risks, they end up cutting corners to the point they start to forget why they started a business, and then they cut themselves out the market.
Hahahaha "starting from the opium war of 1842" really got me. Great talk and great insight!
"If they take on too much risks, and they cant handle that risk, they end up failing..." 3:31
Is that what happened in the wall street bailout?
not really. If you look up how much the "bail out: actually netted the government one would be curious if the bush admin. actually caused the turmoil in the market, which would have been a long term success especially to the poor and middle class, for short term gains for the rich, and the government. bottom line, bush may have screwed us again.
Could you please comment on the effects of the Opium Wars of the mid 1800s
somchai672000 Besides the start of the worst couple of centuries for Asia?
Effects: simply breakdown of China. It is considered the starting event of the Century of humiliation. For basic info see en.wikipedia.org/wiki/Century_of_humiliation
Eight countries committed massive killing and raping of innocent people in China,
and robbing of national treasures of China, then arsoned many palaces and
properties. Then, stole millions of acres of land , including Hong Kong, Macau, etc. So, committed war crimes are rewarded. China has come a long way.
It would be nice to recognize each others beautiful differences and similarities .
Survival of the fittest....
A night of real experts ? By what criteria ? Starting off with an old banker who brashly shows off his ignorance of China ?
What are some of the most important patents which come from China?
Great conversation. Hope more people could view it.
US had done it to Japan in the 90s, don't expect any differences now.
With so many good n intelligent man n woman in America, yet they have Donald Trump as President, what kind of karma????
The majority are not that intellectual. Stupid people are more subject to media manipulation. Sad reality that elites have to understand.
That metaphor pretty much sums it the situation up
I noticed some european banks withdrew from US in recent years such as ING and I now know why.
Why USAmake decision to all country specialy in Asia
All the five speakers seem horrified by the "trade war", and unwilling to say what they really think in this very public forum. Personally, as long as China fails to deliver the legal results of the applied "Letter of the Law", it will continue being lost in IP. Part of the dispute is the USD being the currency of international trade, versus China's yuan.
The final question at the end of the session was about "Chinese nature", including our psychology in Singapore, Taiwan, etc. Chinese psychology has poor understanding of individual adults. Failure to individuate comes from a failed teenage maturation. This failure is common to East Asians, and most other "youngsters" in every nation. Claiming the only Taiwan has the true, traditional Chinese psychology & culture is not true. The "Red Guard" China psychology is what happens when PTSD affects the whole population of China. I will give more details on this matter on my UA-cam channel in the months ahead.
Most of the speakers are ignoring the horrendous, degenerative human rights condition and political condition in China while they ranted about economic progress. It's a clear strategy of the CCP since 2012 that they want to export this totalitarian, dictatorship driven model and challenge the free world as an alternative. The question we need to ask ourselves is: DO WE WANT TO, ONE DAY, BE SUBJECT TO SUCH A MODEL? Participants in the talk are all smart people (the so called elite), I don't think any of them is not aware, but they just chose to ignore and conceal, for their own interest.
I've been re-studying the opium war that the UK started in China in recent weeks. Absolutely disgusting and despicable history on the UK part.
America is repeating the GSM mistake in the 5G issue. Over GSM, you sacrificed Motorola. Over 5G, you may have to sacrifice Qualcomm, Google and Apple.
Kenneth is right, China should let him and his company do whatever they want, so they can earn lots of money. 12 years ago, Goldman employees did very well, thousand of Chinese millionaires lost billions of dollars. Because they didn’t understand the real risk of all products Goldman try to sell to them, but just trusted Goldman. And they signed the agreement for sure! Was that fair? Really? The most happy thing is using others’ money to earn money for yourself and without any responsibility.
Trade balancing was/is needed. More taxes on Chinese goods are needed. Move the manufacturing back on US shore or to a more open country with no currency manipulation or taxes on products.
Very productive conference that the capable US government officials should participate. Unfortunately none of them are capable to comprehend the importance and the benefits of the cooperation with China.
Big Thank you .
how about stopping China from Patent and Copyright Infringement to start with? and flooding the US market with cheap manufactured products that break as soon as you unwrap them and Environmental issues.
search Opium Wars
Tibetans burning themselves to protest, harvesting organs of Falun Gong followers, and forcing million Uyghers into "retraining camp" should be also considered BEFORE Opium War.
If a trade imbalance of 500 billion a year is good let the CHINESE have it then. None of these 'experts' wanted to go near that topic.
Good discussion, hope the view of those panels could be seen by Washington.
Forward the link on Twitter to @RealDonaldTrump 25 times in a week and cross your fingers.
I learn nothing from this seminar.
A lot of US Companies moved their production to the PRC. Those products are coming back to the US and their quality is crap. Besides the poor quality their prices increased. The PRC is now an environmental nightmare which must be addressed posthaste. The Paris Accords were a joke that would strip funds from the US, yet require the PRC to not change at all. The PRC now claims islands far from its shores. Why? Well there are several reasons. GOLD has been found on the seafloor near the Paracels. The Spratleys have petroleum deposits. To get those resources the PRC is doing it using their military. On another note along the same foreign policy the Black Government in South Africa is killing off the white farmers. The Bantu were invaders kept out by the Zulu's until the UK savaged them. The PRC wants the Cobalt under the farms of the white farmers in South Africa and those 62 IQ Governments in Africa will deliver what the PRC wants.
What about too big to fail aka AIG?
Thank you for such a frank discussion!
No, it's not as frank as you thought.
...HAD 5G BEEN FROM A 'WHITE' NATION... WOULD TRUMP/U.S. HAVE TAKEN THIS ACTION?
And I don’t give a crap about the level of freedom for Chinese, I want our manufacturing jobs back, now!
Just ask yourselves, for God's sake, "who benefits?"
Yes we want what the chinese people want, but Chinese government is not giving what the chinese people want. Don’t blame the US!
50:48 China should be re-branded.
CGTN channel is serving that purpose.
US enabled China long ago with Yale's (Skull and Bones) program and hiring Mao to run it's newspaper. (Corbett Report)
I don't think people should say IP when referring to intellectual property, because IP is also used for internet protocol. Instead of saying IP, I think people should say intellectual property, patents, or trade secrets.
For Americans, What's your political system and What's your value?
Is it weird that some people in one country are worried that people in another country are rising economically and thus becoming a national issue for them? i mean whats the whole process of having an economy if its not to thrive.......
Why do people complain about US interfering free trade while China has subsidized its businesses and there are so many restrictions of foreign corporations to do businesses and transfer their earnings back to own countries? Non-interference policy of the last administration allowed a military base being established in South China Sea that limiting the passage by air and ship. What will be foreseen if non-interference policy continues from the last administration? What will be the international political and economic impact when China monopolies the routes of one belt one road? When Samsung and Apple become next Nokia and all phones are in Ark OS, will any remedy be too late? If free trade is impossible, at least there must be fair trade.
very good one
Not a TRADE WAR... but a BALANCING of TRADE
Chinese believe history play a great part in their identity. The US wants to forget the history because it's all about massacre and colonialism.
Isn't to recruit the talents for its development China's connection to the world? Why the US doesn't criticize when China sends all the talents to the US to contribute to its technology, economy, and culture. As a member of WTO and the 2nd largest economy in the world, does China have the right to participate making rules instead of being chased all the time by the hegemonic rules which it had no right in making. Isn't rule making collectively by the WTO members a practice of THE democracy the US advocates all the time. Isn't it a big dictatorship/authoritarian regime if the whole world has to follow the US style democracy? People say the US dictate the world with war ship, so it's dictatorship. Think about this!
Think about: why China SHOULD work within the system made by us-the US. Is US the CHOSEN one to make things, policies, rules, laws, and force them on others? Why one country even wants to push its unsuccessful democracy to the world? I'm so tired of the mentality of waiting others to "change into OUR system." Why people cannot have their OWN system as they've been in this world for more than 2500 years as a continuous civilization. The US needs to learn what it intercultural communication and self-reflection. Just imagine managing a country with 1.4 billion people with 56 ethnicities living in different conditions, etc.
Every country and people has a history of both successes and failures. Both Chinese people and American people are members of the same human race with both flaws and merits. Neither country can make perfect laws and policies. The leadership of both have the same goal to achieving the best for the sake of the people. Neither is immune to corruption.
The difference is the basic respect for individual rights and freedoms. A democracy is not simply a "style" of governance, but governance by the people and for the people with freedom of thought and choice. It is this freedom that makes the US a land of opportunity, innovation, the "American dream" and a "melting pot" of immigrants. The CCP does not value freedom. A few elites dictates to it's billions of people what is and is not allowed while the people have no say. It told people they could have only 1 child. Now you are allowed to have two. The CCP has created policies which have allowed for economic development, leading to much improvement in the standards of living, but do not forget the history of oppression, nor turn a blind eye to continuing human rights abuses.
The US has no goal to dictate the world. But it will not sit idly by when people in other countries are being abused, much less when oppressors are threatening our well-being.
That's why I support Emperor Xi. Monarchy existed in China for more than 5000 years, and Emperor Xi finally restore China's system. Long live great leader Xi.
because corruption in democracies is easier and the rich people do not end up in jail zionists are not interested in the system as long as they control your central bank. and that is what they want to achieve from China. Zionists want Israel to be the central place where they will control money energy technology and food America is the Zionists vessel to the intended goal just as Great Britain was before the time has come for landing from a ship called the US on the coast of Israel and before the landing, all the wealth of the ship should be robbed
Got the point, very good saying. What makes USA
saying all of world has to follow its own rules which no others ever have participated into it.
Why do big banks do not fail in the US when it is basically bankrupt?
Response to the first speaker,
It is not true US do not bail out banks, every one knows in 2008 80 billion tax payer's money was poured into those insolvent US banks.
Every country has her unique way to regulate business, respecting and observing host country's rule of law is basic courtesy and a must for your operation there. In china, Bank industry is heavily regulated to ensure people's money is not misused, in the mean time, less charted banks means less competitors is a business blessing to you once you are granted license.
Opium war has everything to do with you , as foreign entity. Just like resistence to British supression in your country's forming age , country's memory forges her future behavior. Chinese stay vigilant to foreign presence in China because you guys did bring damage and agony to this country. Father's debt son to give back, to say the least.
US government is much much more hostile to Chinese investment , thinking about what is happening to HUAWEI and dozens of denials to China's investment in US in name of national security.
Hoping China becomes a liberal country maybe genuinely good intention of the western world but looking at the twists and turns of events we must honest government roles is vital. The two parties or the multi parties system don't seem right and the free market capitalist plus government roles is doing far more better. Only natural to let them go their way.
The biggest problem is the 99% of Chinese can’t control their CCP, CCP is not exactly China. Where the best place for one men show?
If GDP/capita reaches $16000, I think an authoritarian system will enter a state of diminishing returns and a more open system will maximize efficiency. Until then, the authoritarian system is still a useful incubator for the Chinese economy.
Can't help wondering if that guy at 53:00 have been in China recently and if so he left the business area. Many things in China are actually getting more closed and more limited.
Both to foreigners, to business and to control the locals.
In a nutshell, the narrators have missed this simple point.. it's true that GM have sold plenty of Cadillacs in China but how many of those vehicles are made in USA? China MIC (I call it the MICKEY MOUSE) policy is something that the current administration is having problem with. How genuine is China in creating an open market like USA? What President Trump is trying to show to the world is that USA will no longer tolerate a "one-way" valve system or a "rectifier" system. And by the way, heaven help the world if USA have the same policy like China in protecting the local banks.. obviously, efficiency and profitability do not seems to be part of the commercial vocabulary that USA strives on.
HOLY SHIT!!! The guy speaking at 55:57 SOUNDS EXACTLY LIKE TREY GOWDY!!!
I think everyone should listen to John Lennon song IMAGINE & think does it make sense!!! Thank you John for such a real issue for our World!!!
Yes you do need a separate licence. Why you think , that every one in the world , need to obey the US, "dogma"?. Why do you think that your system is better? How better off, wealth wise, are 7.99 billion "civilians", on the planet Earth?
According to some media accounts, recent intelligence assessment came out with the position that China is the #1 national security problem, economically and geopolitically. Hence, the focus on China. Is anybody talking publicly about what China is doing in the South China Sea? How about the Chinese military buildup, the ramifications of future encounter(s).
Why can’t there be an agreement to be different?
China will allow you full banking after US dollar is no longer dominant reserve currency.. Allowing US bank is like a suicide.. So to avoid suicide country impose rules to protect themselves..