US Commerce Secretary arrives in Beijing amidst CCP’s economic struggles.
U.S. Commerce Secretary Gina Raimondo Arrives in Beijing for Talks on Faltering Chinese Economy
U.S. Commerce Secretary Gina Raimondo arrived in Beijing on Sunday night, kicking off three days of talks with senior Chinese officials who are grappling with a faltering economy.
According to China’s state media, Ms. Raimondo was greeted by Li Feng, director general of China’s Commerce Ministry, as well as U.S. ambassador Nick Burns, at the Beijing Capital International Airport.
Ms. Raimondo is the fourth Biden cabinet official to visit Beijing in the past three months after Secretary of State Antony Blinken, Treasury Secretary Janet Yellen, and climate envoy John Kerry.
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Outside observers expected the communist regime to be more friendly with Ms. Raimondo than its previous American guests, especially Mr. Blinken, who received a muted welcome in Beijing and his biggest request, to resume the military hotline, was rejected.
China is reaching out with warm messages for Ms. Raimondo as the regime wrestles with its faltering economy, Su Tzu-yun, a senior analyst at Taiwan’s government-funded Institute for National Defense and Security Research, told The Epoch Times, on Saturday when the commerce chief was en route to Beijing.
“The stock market will continue to slump, the ticking time bomb in the property sector could explode at any time, the [youth] unemployment is at a record high, and the foreign investors are leaving China,” he said. “The internal economic situation is very unfavorable.”
But the ailing economy was “created by the CCP [Chinese Communist Party] itself,” he noted.
Under CCP leader Xi Jinping, China updated its anti-espionage law, which broadens the definition of espionage to “all documents, data, materials, or items related to national security and interests.” The vaguely worded legislation, which did not specify what falls under national security, brings more challenges to global businesses after several raids and arrests rattled investors.
The authorities have slapped Mintz, a U.S. due diligence firm, with a $1.5 million fine in a security crackdown after police raided its Beijing office and detained five of its local employees in March.
The latest counterespionage push, which creates a more hostile social environment by encouraging citizens in China to spy on each other, combined with a top economic leadership team picked by Mr. Xi based on political loyalty instead of experience, “has a fatal impact on China’s economic development,” Mr. Su said.
Skepticism
Ahead of the trip, Ms. Raimondo’s department removed 27 Chinese entities from the “unverified list,” which restricts companies from receiving sensitive U.S. technology exports.
That move was welcomed by the Chinese regime. “It shows that the two sides can address specific concerns through communication based on mutual respect,” Wang Wenbin, Beijing’s foreign ministry spokesperson, said at a daily briefing on Aug. 22.
Li Qiang, China’s new premier who oversees the economy, also offered an olive branch at a meeting with a visiting delegation of the U.S.-China Business Council in Beijing.
“China is willing to work with the U.S. in undertaking their responsibilities as major countries, jointly upholding international trade rules, and ensuring the stability of global industrial and supply chains,” Mr. Li said at the meeting on Aug. 21, according to the summary from CCP state media Xinhua.
Still, analysts doubted whether the Chinese regime would back up its expression of goodwill with any policy changes.
“I don’t think the Chinese Communist Party could make an effective response to the request of the United States,” Song Guo-cheng, a researcher at National Chengchi University’s Institute of International Relations in Taiwan, told The Epoch Times.
That skepticism, he said, springs from the Chinese regime’s failure to follow through on its promise of expanding the purchase of American goods and services under the phase-one trade agreement signed in January 2020, making it impossible to set a timeline for the phase-two deal.
“The CCP hasn’t responded in any kind of good faith,” Mr. Song said. “That’s why the U.S-China trade war is not ending.”
US Feds the CCP
U.S. former and current officials, meanwhile, warned that the Chinese regime has no intention to change policies such as forced technology transfers and state subsidies that led to the current U.S. export controls.
House China Committee Rep. Mike Gallagher (R-Wis.), along with a group of Republicans, urged Ms. Raimondo to tighten export controls on the CCP before she headed to Beijing.
“The fact is that the Chinese Communist Party shouldn’t get any say in our decisions over export controls,” he told The Epoch Times. “We have legitimate national security concerns about American technology going to China to fuel its ongoing genocide” in Xinjiang and help perfect an “Orwellian totalitarian surveillance state.”
Nazak Nikakhtar, a former senior U.S. Commerce Department official, noted the CCP has enacted a series of laws and mandates, such as national security laws and anti-foreign sanctions laws, to force companies to comply with its demands to hand over their sensitive technologies.
“China’s a non-market economy. Its economy is not based on market fundamentals,” she said at a webinar held by the Committee on the Present Danger: China on Aug. 22. “The CCP also decides how American businesses operating there are to operate. There are CCP members in every important business in China. They decide how the company runs.
“So, when we talk about export controls, tech transfer, let me be clear that China has no interest in following our rules or prohibitions.”
Decades of engagement with the CCP has allowed U.S. capital and technology to strengthen the communist regime.
With the help of technological theft and transfer from America, China now leads the world in 37 out of 44 technologies, including critical areas such as space, artificial intelligence (AI), and quantum technology, Ms. Nikakhtar said, citing a March report by the Australian Strategic Policy Institute (ASPI). “This is very dangerous,” she added.
The advanced technology and money did little help to Chinese people. Instead, it has fueled the CCP’s oppressive regime.
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