19th Parliamentary Intelligence-Security Forum – Abusive practices in global economic expansion
Hon. Pottinger began his remarks by saying that Beijing has viewed the United States as their adversary for decades. China has waited patiently to accumulate power over the past few decades.
In addition, he stated how president Xi has deliberate plans to decouple from major economies on Beijing’s terms, and accumulate economic leverage to coerce countries into making political concession that threaten their sovereignty. The US and Europe must work hard to restrict flow of investment to China’s tech sector.
What must be done?
- Capital flows – money is used for human right abuses and to build China’s military juggernaut
- Information Flows – offensive/defensive strategy is needed
- Technology flows – restrict exports that would allow China to become self-sufficient in making semiconductors.
