![]() is reportedly planning to introduce far-reaching restrictions on Chinese investments in the U.S. Recent American actions limiting trade with China, she clarified, were based on national-security concerns rather than an effort to hinder the country’s economic growth.īut assuaging China will be difficult when the U.S. is trying to “contain” its rise and decouple from its economy. Treasury Secretary Janet Yellen sought to alleviate China’s concerns that the U.S. Taking an implicit swipe at the U.S., Qin warned Western attendees that while China aims to maintain an open global trading regime, the country would respond forcefully to any attempt to drag it into a new cold war. Qin Gang, China’s new foreign minister, adopted a hawkish stance during his CDF addres. ![]() ![]() Although senior economic policymakers in China often talk about opening up, China’s policies still prioritize security and control over reform. Li’s veiled threat captures the current Chinese attitude toward the U.S. firms are still welcome in China, the Chinese government can play hardball if its firms and interests are treated harshly in the United States. Li’s joke included an implicit warning that although U.S. Unlike Cook, he noted, the beleaguered TikTok boss was not smiling during his congressional hearing. lawmakers grilling TikTok CEO Shou Zi Chew, which had also gone viral that week. During our meeting, he made AppleĬEO Tim Cook laugh out loud by attributing his joyful mood to the viral video of Cook being applauded by crowds during his visit to an Apple store in Beijing. Li’s remarkable wit contrasted sharply with the more reserved demeanor of former Premier Li Keqiang, whom we met in earlier years when he was premier. “ The Chinese government can play hardball if its firms and interests are treated harshly in the United States. During our meeting, Li reiterated China’s commitment to “ reform and opening up,” a message that other Chinese leaders also conveyed. His close relationship with Xi also enabled him to convince the Chinese president to reverse the zero-COVID restrictions overnight when the policy proved to be unsustainable. During the COVID-19 pandemic, he enforced Xi’s strict zero-COVID policy and oversaw a two-month lockdown of Shanghai.įortunately for Li, he was rewarded for his loyalty and not made into a scapegoat for the policy’s failure. As an economic reformer and proponent of private entrepreneurship, he played a crucial role in convincing Tesla Prior to becoming premier in March, Li served as the CPC secretary in Shanghai. While much has been said about Chinese President Xi Jinping appointing close loyalists to crucial positions within the Communist Party of China (CPC) and the government, our discussions with Li and other high-ranking Chinese officials offered a more nuanced view of their policies and leadership style. The event also offered Li his first opportunity to engage with foreign representatives since taking office. ![]()
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