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** China Puts Trump, Trade, and Foreign Business in the Crosshairs ([link removed])
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by Gordon G. Chang • November 21, 2024 at 5:00 am
* AstraZeneca confirmed this month that Chinese investigators had detained Leon Wang, president of the company's China business.
* [I]t is highly unlikely that AstraZeneca is the only pharmaceutical company guilty of shenanigans. Selective prosecution of foreigners is a Communist Party specialty.
* Xi Jinping... hits foreign companies whenever he can. He took down the U.S.-based Mintz Group in March of last year and has not let up since.
* [F]oreign pharmaceutical businesses are at special risk because they occupy a sector that Xi Jinping is determined to control. He is, infamously, the driving force behind Made in China 2025, the predatory ten-year plan to achieve dominance in ten key technology areas. One of those ten sectors is medicine and medical devices.
* He [Xi Jinping] does not really believe in free trade, however: He really wants China to have unfettered access to other markets while denying others access to China's.
* So Trump, despite his tariff promises, is not the one attacking the rules-based trading order.
* The real culprit is Xi Jinping.

China is both a predatory and criminal trader, and becoming even more so in recent months. President-elect Donald Trump, despite his tariff promises, is not the one attacking the rules-based trading order. The real culprit is Chinese President Xi Jinping. Pictured: Trump, on a state visit to China, takes part in a welcoming ceremony with Xi on November 9, 2017 in Beijing. (Photo by Thomas Peter-Pool/Getty Images)

"The attempt to block economic cooperation under all sorts of pretexts and break up the interdependence of the world is nothing but backpedaling," declared China's President Xi Jinping at the just concluded APEC summit in Peru.

"Stand up to protectionism and unilateralism," said Ren Hongbin, a former Commerce Ministry official and now chairman of the China Council for the Promotion of International Trade, also at APEC. "There is the rhetoric of the decoupling and derisking," he warned. "The artificial severance of the global supply chain is detrimental for everyone"

Beijing's campaign against the next president of the United States has just begun. China is trying to position itself as the defender of free trade and tar Donald Trump as the global disruptor.

The Chinese Communist Party narrative is far from the truth, however. China is both a predatory and criminal trader, and becoming even more so in recent months.

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