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Call Me Back - with Dan Senor

Revisiting China’s Great Wall of Steel - with Matt Pottinger

Call Me Back - with Dan Senor

Ark Media

Politics, Hamas, Society, News, War, Israel, News Commentary, October 7, Geopolitics, Palestine, Government

4.83.2K Ratings

🗓️ 28 December 2021

⏱️ 63 minutes

🧾️ Download transcript

Summary

This week we are re-posting some of our episodes from 2021 that are most relevant right now. We’ll start with Matt Pottinger on recent developments in China. China’s borders have been sealed for almost two years. And those borders will be closed for the foreseeable future. That, obviously, is a result of the pandemic; but, is there a larger grand strategy at play? For decades now, China’s coupling with western economies has been the dominant theme of the global economic landscape - beginning with China’s 2001 accession to the World Trade Organization. But that’s been changing. Fast forward to a speech by President Xi Jinping to mark the hundred year anniversary of the Chinese Communist Party. He spoke before a massive crowd in Tiananmen Square: "The Chinese people", Xi said “will never allow any foreign force to bully, oppress, or enslave us. Anyone who tries to do so shall be battered and bloodied colliding with a great wall of steel forged by more than 1.4 billion Chinese people using flesh and blood.” Last summer, Chinese regulators announced an investigation into DiDi Global, a ride-hailing company, right after its IPO. DiDi had raised $4.4 billion in the biggest Chinese IPO in the U.S. since Alibaba’s in 2014. There have been similar moves against other Chinese companies listed in the US. Where will this go? Consider this: There are approximately 244 U.S. listed Chinese firms with a total market capitalization of around $1.8 trillion. Are we witnessing the decoupling of the US and China economies? Is this the one issue on which there seems to be a bipartisan consensus in the US? Is the Biden administration cementing the Trump policies towards China or reversing them? How is China dealing with the pandemic and how will it factor into the Chinese Communist Party’s next moves? There’s no better guest to help us understand what’s going on than Matt Pottinger. Matt covered China and lived in China as a journalist for Reuters and then The Wall Street Journal. He covered the first outbreak of SARS in China. He then, in his early 30s, made quite a career change. He enlisted in the US Marine Corps, and served in multiple combat deployments in Iraq and Afghanistan. Later on, Matt played an instrumental role in the geopolitical story of our time: reshaping the West’s relationship with China, when he served as the deputy National Security Advisor in the Trump administration, and he was the architect of the administration’s strategy towards China. Today, he is regularly called upon from policymakers on both sides of the aisle, to consult on US policy towards China. As we enter a new phase of pandemic, what is going on with the US-China relationship and how will it play out?

Transcript

Click on a timestamp to play from that location

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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