China’s Great Wall of Steel? - with Matt Pottinger
Call Me Back - with Dan Senor
Ark Media
4.8 • 3.2K Ratings
🗓️ 13 August 2021
⏱️ 63 minutes
🧾️ Download transcript
Summary
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| 0:00.0 | Beijing has ambitions to internationalize the Central Bank digital currency. |
| 0:03.7 | It's going to eventually force multinational companies to transact with China in that currency. |
| 0:11.2 | And as those companies, those multinationals accumulate digital currency, |
| 0:14.0 | China will have the ability to look in real time |
| 0:18.0 | at all of their payments, |
| 0:20.0 | at how their supply chains work, |
| 0:21.0 | and also to freeze their accounts |
| 0:23.2 | if they don't like something that a company says or does |
| 0:25.6 | that offends the interests of the Communist Party. |
| 0:28.1 | Welcome to Post-Corona, where we try to understand COVID-19's lasting impact on the |
| 0:35.6 | economy, culture and geopolitics. be closed for the foreseeable future. |
| 0:53.0 | That obviously is a result of the pandemic. |
| 0:56.0 | But is there a larger grand strategy at play? |
| 0:59.0 | For decades now, China's coupling with Western economies has been the dominant theme of the global |
| 1:04.9 | economic landscape, really beginning with China's ascension to the World Trade Organization |
| 1:09.9 | in 2001. |
| 1:12.0 | But that's been changing. Fast forward to a speech by President Gee Xinping to |
| 1:16.3 | mark the 100-year anniversary of the Chinese Communist Party. President Gee spoke before |
| 1:21.1 | a massive crowd in Tiananmen Square. |
| 1:23.5 | The Chinese people, he said, will quote, |
| 1:26.7 | never allow any foreign force to bully, oppress, or enslave us. |
| 1:31.5 | Anyone who tries to do so shall be battered and bloodied, |
... |
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