Chinese Vice President Xi is visiting the United States. He will meet with the President & CEOs, but not labor leaders or the press. We, the People used to be in charge. Now it’s “I wanna tell you how it’s gonna be.” (“You’re gonna give your wages, benefits, jobs, companies, industries and economy to me.”)
Xi, who met with President Barack Obama at the White House, is making his visit ahead of his expected appointment as head of China’s Communist Party later this year and to state president in 2013.
Executives from about 10 leading U.S. companies – including Coca-Cola, Motorola Solutions, DuPont and Walt Disney – are expected in the meeting with Xi, along with about 10 from the Chinese side.
Some of China’s most powerful business leaders are accompanying Vice President Xi Jinping on his visit to the U.S. this week.
Here is the roster, including the heads of private companies as well as state-owned enterprises, of those attending a CEO roundtable with Mr Xi and U.S. business leaders on Tuesday afternoon:
Wan Jifei – head of the China Council for the Promotion of International Trade. He’s also a prominent “princeling” as his father was a former vice premier and parliament chief.
Wang Yilin – appointed last year as chairman of the state-run China National Offshore Oil Corp., China’s biggest oil and gas producer by output.
Don’t get me wrong, this is a vital visit, it is so good that our two countries are able to build a strong partnership and engage in mutual dialog. We have differences and we have interests in common. We must both immediately address Syria’s suppression of its people. We must fix the trade imbalance, and most of the fault is China’s. But our own ideological barriers to developing national industrial and economic policies are also at fault, as is our willingness to let our companies exploit labor as it is offered up for exploitation by the Chinese. They are seizing the means of production and we are selling them the rope to hang us with.
We should be pushing China to become much more like the US, instead we are becoming much more like China/
“We Need A Plan”
Scott Paul of the Alliance for American Manufacturing, writing at Politico, says we need a plan: U.S. must end China’s rulers’ free pass,
We shouldn’t fear China’s citizens. But we should be worried about the actions of its authoritarian — and, yes, still communist — regime that tightly controls the People’s Republic. And we should be downright terrified by some of our own leaders’ attitudes toward China.
[. . .] History didn’t do in the Soviet Union. A sustained and aggressive strategy did. China engaged our business and political elites — and seduced them into believing these policies were no longer necessary.
… There has been no strategy, no effort to prevail economically.
Critics of China are decidedly uncool — cast as xenophobes, hawks and protectionists, though our positions are entirely in line with prevailing (and correct) U.S. efforts to promote American ideals while expanding our economy.
No one is suggesting that China is an enemy and we should just update our Cold War strategies. No one can accurately define what China’s intentions are in terms of foreign policy or defense. But on the economic front, the lessons of the past are instructive: We need a plan.
…U.S. companies, desperate to reach China’s 1 billion-plus consumers, just give in. They help to censor, to oppress and to exploit. They accept terrible terms for trade and investment. They also give up proprietary technology.
…Multinational manufacturers in China are often apologists for Chinese economic policies because in the short term they benefit from the status quo — even if such policies harm America’s long-term economic strength.
Here’s a good one:
I was actually AT this one: