US China Relations in the Age of Uncertainty with Yasheng Huang

  Рет қаралды 3,323

Stanford Center on China's Economy and Institutions

Stanford Center on China's Economy and Institutions

Күн бұрын

This Stanford Center on China's Economy and Institutions event features MIT professor Yasheng Huang.
U.S.-China Relations in the Age of Uncertainty:
The US-China relations are entering into an uncertain era. More than any other bilateral relations in the world, the US-China relations are characterized by complexities. The two countries compete in multiple arenas, but the competition takes place in a broad context of mutual dependency and collaborations. The Russian invasion of Ukraine may further unravel US-China relations. This talk will discuss and examine these issues.
For more visit sccei.stanford.edu/events

Пікірлер: 10
@hydroac9387
@hydroac9387 2 жыл бұрын
Kudos to Mr. Huang for an instructive presentation. He provided a lot to think about. America has actively helped China's rise with active subsidies of trade, research and even military assistance. The first objective in the 1970s was for China as a foil for the Soviet Union, and then after the fall of the Soviet Union in 1991 was the hope that China would be a good partner and increasingly democratic. The US is now waking up to the fact that China is a brutal police state and that China's world view is antithetical to the American-led Global Order. There is abundant evidence of China's authoritarian world view in its hyper-aggressive and nationalistic Wolf Warrior Diplomacy and China's imperialist/colonialist forced re-education and cultural/religious/language eradication of millions of Tibetan Buddhists and Uyghurs Muslim minorities. This is a foretaste of the ugly and racist Chinese World Order if the USA and the West takes no action. America is waking up that China is a near-peer economic rival and an enormous police state. It is interesting that the Democrat and Republican political parties are working together to withdraw America's generosity in trade, research, and military cooperation. I would like to see America jettison all discussions of free trade and instead demand 'fair trade' whereby American companies get the same access without forced technology transfer. Also of significant concern are Chinese administrative/bureaucratic restrictions that are intended to promote Chinese SOEs at the expense of American companies. China can decline, and if so American should impose damaging trade sanctions on China until the balance sheets are mostly fair. America should also demand an immediate end to technology theft with clear trade sanctions and political isolation by the United State's and our many allies who also have a stake in stopping China's shameless theft. China is uniquely vulnerable to import and export disruption. China imports about 70% of its energy, whereas America is energy independent and a major crude and refined hydrocarbon exporter. China imports large amounts of natural gas, and America has more natural gas they we can ever use thanks to the fracing boom (you can see the natural gas flares of what we can't use in North Dakota from space). China imports a good portion of its food, whereas America is a major food exporter and is blessed with the best and lowest-cost farmland in the world. China depends on massive exports for its economic well being, whereas for America trade is relatively minor and most of our trade is with friendly NAFTA partners Mexica and Canada. China depends on American technology transfer and manufactured goods, whereas China only provides the USA with bulk good commodities (some of which will need new supply chains closer to the USA). In addition, China is imploding demographically due to One Child and rapid urbanization, which means that China will grow old before it gets rich. Some projections that show its current 1.4 billion population may decline to 700 million by 2100 (best case) or 2050 (worst case). By comparison, America has a stable demography since people want to come to the USA (the same can't be said of China). America should also consider withdrawing America's guarantee of maritime free trade to hostile competitors like China, or at least give China a bill since American taxpayers have been giving China a free ride for decades. America should certainly work collaboratively to guarantee trade with our friends, allies and fair trade partners, but it is the height of stupidity for America to subsidize a hostile economic competitor. America has been played as a patsy and that needs to stop. Lastly, as of this writing China will be having lockdowns for COVID outbreaks for the next 5 years. This and the fact that the Chinese vaccine is pretty much useless with very low vaccination rates shows the penalties of the failed Chinese COVID response to Chinese citizens and economy. This extreme Chinese zero-tolerance COVID policy also means more chaos and disruption to supply chains that include China, giving manufactures worldwide an unambiguous view of the folly of relying on an authoritarian regime run by an autocrat like Xi. Smart companies are withdrawing investment and either planning or actively withdrawing from China to get supply chains in more reliable manufacturing locations and/or closer to home. Forward thinking foreign companies should know that China's work force has already topped out and is rapidly declining, so the writing is on the wall for a speedy exit. We are seeing that saving one cent on a ball bearing sourced in China is a less-than-brilliant idea when there is a 2 month shipping delay due to the botched Chinese COVID policies that shatters just-in-time manufacturing efforts. I detested Trump, but he got his policies on China right. Biden is continuing Trump's trade policies toward China, and I would like to see additional pressure on China so that Americans no longer have to subsidize China's rise by sacrificing our industrial base, technology, and economic resources. Biden's new Chinese trade strategy rolled out by Secretary Blinken in May 2022 is a good start. We need to hold China accountable for current and past bad behavior and at least ensure fair trade moving forward.
@PirateRadioPodcasts
@PirateRadioPodcasts 2 жыл бұрын
Q - How much BRIBERY MONEY did Stanford admissions accept via the CCP this year? Doing what EVER it takes 2 get their kids those key credentials. Just like EVERY other major western post-secondary institution.
@chenzhiyu5568
@chenzhiyu5568 2 жыл бұрын
Stanford has the least discriminates against Chinese applicants from middle-class backgrounds... yet some ivy leagues rly like those powerful families
@hydroac9387
@hydroac9387 2 жыл бұрын
American universities view foreign students as a massive cash source, and at times their policies are crafted to draw more high-revenue foreign students. The losers, of course, deserving American students
@hdvoice
@hdvoice Ай бұрын
⁠Yasheng Huang is more like Gordon Chang jr. What he said or predicted has been proven wrong for the last 20 years. He is so out of touch of what China is really about. I’m perplexed by MIT Sloan’s choice of China expert since what Huang is doing is clearly propaganda and not academic research.
@charleswu1541
@charleswu1541 2 жыл бұрын
Scott, there is no need for you to give people like Yasheng an audience because no one in the US or China listens to people like him anymore. The naked self-interest and inaccurate facts are just too numerous to spell out. The bottom line is Yasheng's worldview, like other people like him in the business world such as Fred Hu and Julie Gao, is one where they are subservient to the US, but with their overseas education and English skills, demand that the rest of China and ordinary Americans be subservient to them and their personal self-interest. Warlord slavery has no place in the world. If MIT were smart they would gradually push him out like they and other universities already are with the stem profs.
@MACKOBII
@MACKOBII 2 жыл бұрын
Still remember Dr. Huang’s greatest hit paper from 20 years ago saying India has more potential than China.
@hydroac9387
@hydroac9387 2 жыл бұрын
if you make an accusation the least you can do is provide an example. If you do not it is nothing more than an ad hominem attack that has no value. America values diversity of opinion and open scholarship. I know that free academic discourse is NOT valued in China and that academics self-censor or are purged in the CCP to ensure right-think. That is China's choice. This said, please respect intellectual discourse that is present in the United States even if it conflicts with CCP-directed thought and directives.
@charleswu1541
@charleswu1541 2 жыл бұрын
@@hydroac9387 Funny how you ask me for examples when you fail to provide any yourself. Here are just a few: -Assuming collaborative research between US and China is a good thing, which benefits him personally but is against the interests of both sides as they each other as competitors (feedback from the audience raised this point as well) -PRC caving on the audit issue for US IPOs, which is a bread and butter practice area for PRC lawyers educated in the US (i.e. people like him) because they can't break into any other practice area, yet the PRC has not caved at all. Rather it is provided a compromise solution that the US has categorically rejected, in public (see: www.sec.gov/news/speech/fischer-remarks-international-council-securities-associations-052422) -"Reciprocity" for CFIUS, which is a pipe dream because it assumes the PRC will fully open to foreign investment content driven areas like cloud computing, yet he hopes it will happen because it will further coupling when in fact there is decoupling. Now that I have given you a few examples, give me specific examples of why you are not simply conducting an ad hominem on me.
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