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The John Batchelor Show

PREVIEW: #PRC: Conversation with colleague Jonathan Ward at the Hudson Institute re the wisdom of corporations with exposure in the PRC, such as Apple, to report on the SEC documents the scale of the risk to invest in a fraught and hostile country that h

The John Batchelor Show

John Batchelor

Society & Culture, Arts, News, Books

4.52.8K Ratings

🗓️ 10 April 2024

⏱️ 2 minutes

🧾️ Download transcript

Summary

PREVIEW: #PRC: Conversation with colleague Jonathan Ward at the Hudson Institute re the wisdom of corporations with exposure in the PRC, such as Apple, to report on the SEC documents the scale of the risk to invest in a fraught and hostile country that has brutalized Hong Kong and threatens the same to Taiwan. More later.

1925 Hong Kong

Transcript

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0:00.0

This is John Batcher, conversation with my colleagues Gordon Chang, I've Gordon G. Chang, and Jonathan Ward,

0:05.9

author of Decisive Decade at the Hudson Institute, about the visit by major CEOs led by Tim Cook to China some days before to meet with Beijing

0:16.8

to talk to Shijinping to talk about investment or more investment in China and

0:21.7

what is the risk?

0:23.4

What can go wrong?

0:24.4

Jonathan speaks to that and speaks to how an institutional change at the SEC level, putting

0:32.1

China risk into your report to the stockholders.

0:37.2

China risk includes invasions, riots, she Jinping's fall, the aggression, the predation, all of the threat that China represents

0:50.3

into the corporate report so that investors and others can judge in proportion

0:58.4

to what it means to invest in China. This is Jonathan Ward, decisive decade explaining.

1:04.8

Gordon, I think that's one of the best moves the U.S. could make. I mean to force sort of

1:08.8

a separation of China revenue, also China profitability, even a description of China-based assets into

1:14.4

corporate 10Ks into the annual reporting that goes into the SEC because eventually, you

1:19.9

know, markets may not understand this yet, but the more that they're able to see that China

1:24.6

exposure is not about growth it's really danger I mean it's putting companies in

1:29.6

geopolitical danger I think that will give the management of major publicly traded companies a freer hand to start to make better strategies.

1:38.0

Because if you're one of these companies, let's say that was in Beijing a couple of weeks ago, really what you should be doing is trying to get out of harm's way

1:45.6

as fast as possible.

1:47.4

I mean, this is going to be very punishing

1:49.2

if these geopolitical realities come to fruition.

1:51.7

I mean, we saw that if you juxtapose Admiral Aquilino's testimony saying that Beijing is likely

1:57.2

to meet its goal of being able to invade Taiwan by 2027, if you juxtapose that with a corporate 10-K like Apple or Qualcomm, I mean you can see how

...

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