On April 20, Xi Jinping released a video address at the Boao Forum for Asia 2021 annual meeting, implicitly criticizing the United States.
The Communist Party’s Boao Forum closed on April 21. At the forum, the CCP continued its recent practice of confronting the United States, starting with Xi Jinping’s implicit criticism of the United States in a video speech, and then pulling U.S. companies into a meeting to get them to support the CCP.
In recent years, the Chinese Communist Party has weaponized its economy to hold the world hostage. Matt Pottinger, a former U.S. deputy national security adviser, recently said, “Beijing intends to reduce China’s dependence on the world while making the world increasingly dependent on China. It will then use the resulting leverage to advance Beijing’s authoritarian political aims globally.”
Xi implicitly criticizes shrinking specifications for U.S. foreign dignitaries at forum
Xi Jinping repeatedly and implicitly criticized the United States in his video address at the opening ceremony of the Boao Forum on April 20.
When it comes to global governance, Xi said “we must maintain the international system with the United Nations at its core and the international order based on international law”, “…… cannot impose the rules set by one or a few countries, nor can they be imposed by The unilateralism of individual countries to the entire world ‘with rhythm'”, “the world wants justice, not hegemony.”
Xi’s remarks are basically the same as those made by Yang Jiechi, a member of the CPC Political Bureau, during the U.S.-China Alaska talks in March. For its part, the United States has long emphasized a “rules-based international order.
In Xi’s speech, in terms of economic cooperation, Xi criticized the U.S. for “artificially ‘building walls’ and ‘decoupling’ that go against economic laws and market rules, to the detriment of others and themselves.”
In contrast to Xi’s implicit criticism of the United States, the number of foreign dignitaries attending the Boao Forum this year has shrunk in terms of specifications.
Previously, the Boao Forum was attended by a large number of foreign dignitaries, even foreign heads of state. A review of reports shows that in 2018, with Xi’s participation, the summit-level dignitaries included the president of Austria, the president of the Philippines, the prime minister of Mongolia, the prime minister of the Netherlands, the prime minister of Pakistan, the prime minister of Singapore, the secretary-general of the United Nations and the managing director of the International Monetary Fund.
This year, however, the situation is very different, as official reports show that only the Prime Minister of Mongolia was present at the summit level, and that he participated by remote link.
Boao Forum held a special meeting of the Chinese Communist Party to pull U.S. companies against the United States
Unlike the previous Boao Forum, this year’s forum, in addition to the “Chinese and Foreign Entrepreneurs Symposium” held with the participation of national leaders, also added a “Sino-US Entrepreneurs Dialogue”.
Among the participants of this dialogue, Zhou Xiaochuan, former Governor of the Central Bank of the Communist Party of China, Zhou Wenzhong, former Ambassador of the Communist Party of China to the U.S., Jin Liqun, President of the Asian Development Bank, and the heads of several state-owned enterprises were on the Chinese side. The U.S. side includes former Treasury Secretary Hank Paulson, former Commerce Secretary Carlos Gutiérrez, former Treasury Secretary Jacob Lew, and several Wall Street executives, including Stephen A. Schwarzman of BlackRock.
According to the official Chinese Communist Party media, “Participants from both sides agreed that politicization should be avoided in handling the U.S.-China economic and trade relations …… ‘Decoupling’ would benefit no one and would hurt the world.”
According to current affairs commentator Li Linyi, this “China-US Entrepreneurs Dialogue” releases signals that the US and China should not decouple technologically and economically, which is actually an echo of Xi Jinping’s video speech, and clearly reflects the CCP’s tactics of pulling US companies against the US. The Chinese Communist Party has opened its markets to Wall Street in recent years, one of the purposes of which is to carry out an economic unification war against them and to be able to influence the political decisions of the U.S. government when the time comes.
But the drastic reduction in the number of current senior foreign dignitaries attending the conference, especially the lack of video “friend” appearances, actually reflects how unpopular the Chinese Communist Party is in the world, said Li Linyi.
China’s Communist Party Weaponizes the Economy: Reducing China’s Dependence on the World Increasing the World’s Dependence on China
At an April 15 online hearing before the U.S.-China Economic and Security Review Commission, former U.S. Deputy National Security Advisor Bomen said, “Beijing intends to reduce China’s reliance on the world while making the world increasingly dependent on China. It will then use the resulting leverage to advance Beijing’s authoritarian political aims globally.”
According to Booming, “This strategy exploits the size of China’s economy while taking advantage of the economic vulnerability of other countries.”
In recent years, the Chinese Communist Party has increasingly weaponized its economy to hold the world hostage.
The Wall Street Journal on March 19, citing unnamed sources familiar with the matter, further stated that the CCP is restricting the use of Tesla’s cars to workers in the military, state-owned enterprises in sensitive industries and important authorities.
Tesla is an American electric car company that is currently the standard bearer in mainland China.
On March 22, Tesla founder Musk gave an interview to the Chinese Communist Party’s official media, praising the Communist Party’s 14th Five-Year Plan.
As German companies invest heavily in mainland China, German Chancellor Angela Merkel has become a leading pro-communist figure in the European Union. At the end of last year, it was reported that she pushed for the conclusion of the China-Europe Investment Agreement, which the Chinese Communist Party had longed for.
According to overseas economist Cheng Xiaonong, the high interdependence between multinational corporations and the “world factory” (China), the outbreak of the Cold War between China and the U.S., and the unpredictable risks that could occur at any time, all combine to reveal the problems behind the concentration of the industrial chain in the “world factory” under economic globalization. The vulnerability behind the economic development model of “world factory” is revealed. Once the production of the “world factory” is interrupted or the shipping is interrupted, the supply difficulties in the markets of developed countries will immediately erupt and an economic crisis will arise.
In another interview, Cheng Xiaonong said that by offering concessions and attracting investment, “this is why the CCP was able to attract a large number of Hong Kong and Taiwan companies to the mainland in just a few years, and through them further capture the orders of major U.S. retailers.”
Exclusive: Hainan Province’s ‘Target’ Goals at Boao Forum in 2018
Recently, a letter dated October 9, 2017, from the Haikou Convention and Exhibition Bureau on “Proposal to Use the Boao Forum for Asia Annual Conference 2018 to Carry Out Precise Investment Promotion Work” was obtained, revealing that the Communist Party of China is using the forum to covertly achieve its investment promotion goals.
According to the document, “point-to-point” precise investment promotion was carried out according to the targeting list provided by the Municipal Bureau of Commerce during the Boao Forum for Asia in 2017. Therefore, it is recommended that this year’s list of special guests be provided as early as possible “to make the targeted matchmaking more effective.
According to another document “Boao Targeted Matchmaking List”, the special guests of the Boao Forum were all heavyweight entrepreneurs from China and abroad, with 164 people.
For example, the U.S. Qualcomm, the guest of honor is Meng Park, the position is the chairman of China, and the industry to which he belongs is high-tech, Internet.
Hewlett-Packard Company, the guest of honor is Richard Bailey, the position is the president of the Asia-Pacific region, the industry is high-tech, Internet.
J.P. Morgan Chase Group, the guest of honor is Mr. David Qian, Vice Chairman of Asia Pacific, and the industry of finance.
Chairman, CEO and Co-Founder of Blackstone Group.
PepsiCo (China) Ltd.
Coca-Cola Beverages (Shanghai) Co., Ltd., with Chunhong Yu, Director of Public Policy and Inclusion, Public Affairs Communications and Sustainability, in the retail industry.
According to Li Linyi, the Chinese Communist Party is nominally “attracting investment” by inviting large companies to settle in China, but in reality it is using these multinational companies to slowly develop a dependence on the Chinese economy in order to achieve its political goals in the future.
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