Chinas Great Wall of Steel? - with Matt Pottinger

Published: Aug. 13, 2021, 1 p.m.

b'China\\u2019s borders have been sealed for well over a year now. 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?\\n\\nFor decades now, China\\u2019s coupling with western economies has been the dominant theme of the global economic landscape - beginning with China\\u2019s 2001 accession to the World Trade Organization.\\n\\nBut that\\u2019s 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 \\u201cwill 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.\\u201d\\n\\nOn July 2, 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\\u2019s in 2014. There have been similar moves against other Chinese companies listed in the US.\\n\\nWhere will this go? Consider this: There are currently 244 U.S. listed Chinese firms with a total market capitalization of around $1.8 trillion, equivalent to some 4% of the U.S. stock market\\u2019s capitalization.\\n\\nAre 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 Delta variant and how will it factor into the Chinese Communist Party\\u2019s next moves?\\n\\nThere\\u2019s no better guest to help us understand what\\u2019s 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.\\n\\nHe 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\\u2019s relationship with China, when he served as the deputy National Security Advisor in the Trump administration, and he was the architect of the administration\\u2019s strategy towards China. Today, he is regularly called upon from policymakers on both sides of the aisle, to consult on US policy towards China.\\n\\nAs we enter a new phase of pandemic, what is going on with the US-China relationship and how will it play out?'