CHINAMacroReporter

'When it comes to China, Team Biden sounds a lot like Team Trump'

Biden's China Hawks

‘As Biden has announced his picks for cabinet positions and senior policy advisers, it has been almost impossible to distinguish his new team's China rhetoric from that of the departing Trump officials.’
by

|

Fortune

January 20, 2021
'When it comes to China, Team Biden sounds a lot like Team Trump'

‘As Biden has announced his picks for cabinet positions and senior policy advisers, it has been almost impossible to distinguish his new team's China rhetoric from that of the departing Trump officials.’

‘President-elect Joe Biden vows that, in his first ten days as president, he'll roll back nearly every major policy initiative of the Trump administration.’

  • ‘And yet, in one key area—dealing with China—Biden has signaled he's in no rush to depart from the Trump administration policies.’

‘Orders to rescind Trump tariffs on $350 billion worth of Chinese imports are conspicuously absent from Biden's ten-day policy blitz.’

  • ‘Nor has Biden suggested any immediate interest in overturning Trump administration actions to delist Chinese telecommunications companies on the New York Stock Exchange, or ban Chinese apps, or blacklist Chinese technology companies.’

‘Biden's aides have said that, for many problems involving China, the incoming president plans to take a multilateral approach by enlisting the support of Western allies to maximize U.S. leverage on Beijing.’

  • ‘That would be a clear departure from Trump's "America First" style.'
  • ‘But building that consensus will take time.’

‘And in recent days, as Biden has announced his picks for cabinet positions and senior policy advisers, it has been almost impossible to distinguish his new team's China rhetoric from that of the departing Trump officials.’

‘Consider Tuesday, when Trump's Secretary of State Mike Pompeo, on his last full day in office, took the rare step of issuing a formal determination accusing the Chinese government of engaging in "genocide" and "crimes against humanity" against predominantly Muslim Uighurs and other religious minorities in Xinjiang.’

  • ‘The judgment, issued after months of internal debate, is the strongest denunciation by any country of the Chinese government's treatment of Uighurs.’

‘Biden's nominee for Secretary of State Anthony Blinken, appearing at a confirmation hearing before the Senate Foreign Relations committee, was swift to declare his support for Pompeo's finding. (The Biden campaign called China's treatment of Uighurs "genocide" in August.)’

  • ‘And Blinken didn't stop there. He also echoed Trump administration criticisms of China's early handling of the COVID-19 outbreak, affirmed the importance for U.S. military support for Taiwan, and lamented that "democracy is being trampled" in Hong Kong.’
  • ‘ "There is no doubt that [China] poses the most significant challenge of any nation-state in the world to the United States," Blinken told the committee.’

‘That same day, Biden's nominee for Treasury Secretary Janet Yellen, in a separate confirmation hearing, pronounced China guilty of "horrendous human rights abuses"—and promised the Biden administration would "take on China's abusive, unfair and illegal practices." '

  • ‘Yellen also accused Chyna of "erecting trade barriers and giving illegal subsidies to corporations" and "stealing intellectual property," and faulted its inadequate "labor and environmental standards." '
  • ‘And while she didn't specifically accuse China of currency manipulation, the former Federal Reserve chair promised to "oppose any and all attempts by foreign countries to artificially manipulate currency values to gain advantage in trade." ’

‘Appearing before a third Senate panel, Avril Haines, Biden's nominee for director of the Central Intelligence Agency, said that, if confirmed, she would make it a top priority to devote more resources to countering the intelligence threat from an "assertive and aggressive" China.’

‘Other Biden appointments underscore the new president's willingness to emulate Trump's confrontational approach to China.’

‘Biden has picked former Obama state department official Kurt Campbell to take on a newly created role within his National Security Council as "Indo-Pacific coordinator." ’

  • ‘Campbell was the architect of the Obama administration's 2012 "pivot to Asia" strategy, which called for taking a tough line on China while bolstering U.S. military resources and diplomatic relationships in the rest of the region.’
  • ‘In a 2018 essay entitled "The China Reckoning" and co-authored with former Biden aide Ely Ratner, Campbell argued that Trump was right to decry America's four-decades-long policy of engagement with China as a failure.’

‘Politico reported Tuesday that Biden has chosen Ratner, a veteran Asia analyst, as principal China adviser to Lloyd Austin III, the retired general nominated for Secretary of Defense.’

  • ‘Word of Ratner's selection drew praise from Republican security experts. "Ely Ratner is a strong addition" to the defense department, former Trump assistant secretary of defense for Indo-Pacific affairs Randy Schriver told Politico.’

‘Ratner currently serves as executive vice-president and director for studies at the Center for a New American Security, a think tank.’

  • ‘After the Politico storey published, he posted a link on Twitter to a January 2020 report published by the center entitled "Rising to the China Challenge." ’
  • ‘The report warns that "China is driving toward a more closed and illiberal future for the Indo-Pacific, core aspects of which would undermine vital U.S. interests." ’

‘Former Trump officials also have hailed Biden's choice of Katherine Tai to lead the Office of the U.S. Trade Representative.’

  • ‘She has been described by trade experts on both sides of the partisan aisle as a negotiator whose views on Chinese trade practices match those of outgoing trade czar Robert Lighthizer, one of Trump's most vehement trade hawks.’

‘Whether Beijing will find it easier to engage with Biden's China hawks than Trump's China hawks remains unclear.’

More

CHINAMacroReporter

April 2, 2023
Xi Jinping: 'Change unseen for a 100 years is coming.'
Time went of joint in the mid-1800s when China began its ‘Century of Humiliation.’ And Mr. Xi, with a sense of destiny, seems to feel he was born to set it right. (I very much doubt that Mr. Xi would add: ‘O cursed spite’ – he seems to relish his role and the shot it gives him to go down in history as China’s greatest ruler.)
keep reading
January 2, 2023
Xi Jinping: Bad Emperor?
Some have asked me what will be the greatest risk to China in the next five years. My answer: That Xi Jinping will overstep and enact policies that Chinese people won’t accept, especially those that have a direct impact on their lives and livelihoods.
keep reading
November 22, 2022
'Strangling with an intent to kill.’
I began to have some hope of getting our act together with Mr. Biden. He worked to rebuild relations with allies who could join the U.S. in the competition. And he understood the need for America to strengthen itself for competition. Hence, the infrastructure, CHIPS, and other acts. But whether Mr. Trump or Mr. Biden, one thing nagged me beyond all the rest. Why is America strengthening our competitor? — In the instant case: Why is America giving our competitor advanced semiconductor resources to strengthen itself to compete against us?
keep reading
January 31, 2021
'Ted Cruz, Chinese Communist Party Agree: Keep Hongkongers Trapped in China'
‘The bill Cruz blocked, the Hong Kong People's Freedom and Choice Act of 2020, would grant political asylum to any resident of Hong Kong who arrives in the United States, allowing them to remain in the country legally after the expiration of any other visa.'
keep reading
January 31, 2021
Analysis: China tests Biden on Taiwan, with eye on another island
‘And it is at Pratas Island where a behind-the-scenes tug-of-war is being played out between the U.S. and China.’
keep reading
January 31, 2021
'Top Conflicts to Watch in 2021: The Danger of U.S.-China Confrontation Over Taiwan'
‘While people appear to believe that the Biden administration will strive to avoid acute crisis with China over Taiwan, U.S. policy toward Taiwan only reflects half of the story. The other, and more important half is from China.’
keep reading
January 31, 2021
China Tests Biden
In today’s issue: 1. China Tests Biden Over Taiwan / 2. The UK Stands Up, the U.S. Not So Much / 3. Why Impeding U.S.-China Capital Flows Isn't Easy
keep reading
January 27, 2021
Xi Jinping: 'Why We All Just Get Along?'
In today’s issue:1. Biden Shows his Hand on China / 2. Xi Shows his Hand on the U.S./ 3. Multi-Lateralism, Chinese-Style / 4. Cooperation or 'Strategic Competition'?
keep reading
January 27, 2021
'Xi Jinping Wows Them at Davos'
‘The test for the Biden team is whether it will be tripped up by the feints toward international norms and comity that punctuate Mr. Xi’s pattern of regional aggression.’
keep reading
January 27, 2021
Part One | 'Biden’s Opening Salvo on Beijing'
‘The Biden administration is less than a week old, but its most consequential foreign-policy decisions may already be behind it.’
keep reading
January 27, 2021
'China’s Xi Champions Multilateralism at Davos, Again'
‘While Xi’s speech may have echoed similar themes from his 2017 address, today’s circumstances are markedly different.’
keep reading
January 27, 2021
'China’s Xi Warns Against Confrontation in Veiled Message to Biden'
‘Chinese President Xi Jinping issued a veiled warning against the new Biden administration’s preparations to rally allies to challenge Beijing on a range of issues.’
keep reading
January 27, 2021
'China rejects 'strategic competition' and calls on US to cooperate'
‘China wants cooperation, not strategic competition, the Foreign Ministry said Tuesday, a day after the White House said it was looking to form a "new approach" toward China.’
keep reading
January 27, 2021
'Xi Jinping at the Virtual Davos: Multilateralism with Chinese characteristics'
‘At the virtual Davos this week, Xi essentially proposed a multilateralism with Chinese characteristics—designed to ensure that international interactions be conducted in accordance with China’s perspectives.’
keep reading
January 27, 2021
Part Two | 'Biden’s Opening Salvo on Beijing'
‘China will think carefully before making its next moves, but it’s unlikely to submit tamely to American pressure.’
keep reading
January 23, 2021
‘Reasons for Increases In Cross-Border Capital Flows into China’
'Cross-border portfolio capital flows into China have been rising since 2014.'
keep reading
January 23, 2021
'Rethinking 2020: What’s Overlooked and What’s Overhyped'
‘If a single word were chosen to define US-China in 2020, “decoupling” would be a good candidate. What has been overlookedis just how little meaningful decoupling actually happened.’
keep reading
January 23, 2021
'A Complex Inheritance: Transitioning to a New Approach on China'
‘For the Biden administration to successfully transition to a new and more effective China strategy, the various existing Trump measures should not be treated in the same way.’
keep reading
January 23, 2021
‘China’s Easing of Regulations Restricting Foreign Ownership of Financial Firms’
'Foreign firms have only a tiny slice of most segments of this market; they control less than 2 percent of banking assets, for example, and less than 6 percent of the insurance market.'
keep reading
January 23, 2021
'Does Xi Jinping Face a Coup Threat?'
In today’s issue: 1. Rest easy. Xi is Safe / 2. China a Career Killer? /3. Rethinking 2020: What’s Overlooked and What’s Overhyped / 4. China’s Financial Opening Accelerates
keep reading
January 23, 2021
The struggle over chips enters a new phase
In the 20th century the world’s biggest economic choke-point involved oil being shipped through the Strait of Hormuz. Soon it will be silicon etched in a few technology parks in South Korea and Taiwan.’
keep reading
January 23, 2021
'Why Chinese Companies are Having a Tough Time Recruiting in the U.S.'
‘I have seen senior executives who take on very public roles within some of these Chinese companies find that their life after those companies has been more limited. It even has a bit of a taint. A bit like working for tobacco.’
keep reading
January 23, 2021
H.R. McMaster: 'Biden would do the world a favor by keeping Trump’s China policy'
‘No doubt the Biden administration will see ways to improve the strategic framework we devised, but continuity with the approach is essential.’
keep reading
January 23, 2021
'Does Xi Jinping Face a Coup Threat?'
‘So if you're an autocrat, you really have to be nervous about what's the military doing and is the military coming after me?’
keep reading
January 23, 2021
‘China’s Financial Opening Accelerates’
‘Despite predictions by some observers that the United States and China are headed for a “decoupling,” China’s integration into global financial markets is accelerating.’
keep reading
January 22, 2021
Confronting the Challenge of Chinese State Capitalism
‘When a U.S. or European firms compete against, say, COSCO Shipping or Huawei, it is the entirety of the Chinese government’s balance sheet that it must contend with, not just an individual firm.’
keep reading
January 20, 2021
'When it comes to China, Team Biden sounds a lot like Team Trump'
‘As Biden has announced his picks for cabinet positions and senior policy advisers, it has been almost impossible to distinguish his new team's China rhetoric from that of the departing Trump officials.’
keep reading
January 20, 2021
'When it comes to China, Team Biden sounds a lot like Team Trump'
In today’s issue: 1. Biden's China Hawks / 2. Keep Trump's China Policy [?] / 3. Breaking Down Biden's China Challenges
keep reading
January 16, 2021
'Jack Ma Misreads Xi Jinping'
"The reason why Jack Ma and others could build enormous Internet companies is because the Party had no idea what they were doing. They became famous globally and made China look very good, but then the Party had to figure out how to get their arms around them."
keep reading
January 16, 2021
'China: Taming the Overshoot'
‘We expect GDP growth to improve to 7.1% in 2021 from 2.2% in 2020.Realized growth will likely overshoot potential growth in 2021, but from a policy perspective, we expect that the authorities would prefer to avoid an aggressive overshoot in one particular year in exchange for a smoother and more sustainable growth profile over the next five years.’
keep reading
January 16, 2021
'Financial Technology Is China’s Trojan Horse'
‘Chinese fintech firms function like a geoeconomic Trojan horse.’
keep reading
January 16, 2021
'Where in the World is Jack Ma?'
In today’s issue: 1. Where in the World is Jack Ma?'The CCP's Ambivalence about the Private Sector’‘Jack Ma Misreads Xi Jinping’ / 2. China’s Fintech Threat‘Financial Technology Is China’s Trojan Horse’ / 3. 2021 Economic Outlook: Sunrise in a Fractured World’ | CHINA
keep reading
January 13, 2021
'Kurt Campbell, Biden’s pick for a new NSC Asia position, should reassure nervous allies'
‘Asia watchers in Washington and America’s Asian allies should be reassured that Biden is planning to elevate the importance of the Indo-Pacific region by creating this coordinator role and staffing it with someone so senior.'
keep reading
January 13, 2021
1. 'Restoring Balance'
‘China’s growing material power has indeed destabilized the region’s delicate balance and emboldened Beijing’s territorial adventurism. Left unchecked, Chinese behavior could end the region’s long peace.’
keep reading
January 13, 2021
3. 'Forging Coalitions'
‘The principal challenge facing the United States is to bridge European and regional approaches to Chinese challenges.’
keep reading
January 13, 2021
'How America Can Shore Up Asian Order'
‘This combination of Chinese assertiveness and U.S. ambivalence has left the Indo-Pacific region in flux.'
keep reading
January 13, 2021
2. 'Restoring Legitimacy'
‘Negotiating Beijing’s role in this order is the most complex element of the overall endeavor.’
keep reading

Heading

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Suspendisse varius enim in eros elementum tristique. Duis cursus, mi quis viverra ornare, eros dolor interdum nulla, ut commodo diam libero vitae erat. Aenean faucibus nibh et justo cursus id rutrum lorem imperdiet. Nunc ut sem vitae risus tristique posuere.