Greg Ip

speaker
528 appearances 8 recordings 1 series first heard Jan 2018 last heard Sep 2024

Greg Ip’s voice in public audio — every appearance, attributed to the second.

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Back in the 80s, when there were all these conflicts between the U.S.
and Japan over trade,
That never really had any security implications because the U.S.
and Japan were military allies.
Today, you have, in addition to the well-known complaints about Chinese technology transfer and intellectual property theft hurting the U.S.
economically, there is above that a level of concern that these practices are making China a more formidable adversary in military and geostrategic matters.
And in China, you don't really have the difference between the state and the private sector that you do in other countries.
And so there's this sense that when you are dealing with a Chinese company, you're dealing with the state and vice versa.
Therefore, when the U.S.
has these conflicts with Chinese companies and the Chinese state, it's really with a single entity.
And that entity is not friendly to U.S.
interests.
Well, I think they may not have much choice, and I think that's what China and many companies and countries in the region are beginning to look at.
You have anecdotal reports of multinationals looking at moving some production and some assembly out of China into neighboring countries, places like Vietnam and Cambodia, for example.
You have Taiwan and Thailand sort of like laying out the welcome mat for companies that want to set up there instead of in China.
But it is entirely possible that over the next 10 or 15 years, notwithstanding the big loss to China of not being able to sell to the United States as much, they could begin to develop almost their own sphere of influence.
They trade heavily with their neighbors.
They trade heavily with the European Union.
They have a lot of domestic endogenous capability.
They didn't just get where they are by stealing other people's ideas.
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