Xi Jinping's policies reversed the reform trajectory—specifically, he reasserted party integration back into the private sector, created a chilling effect on foreign investment, and IP theft and market-squeezing practices by Chinese state competitors drove away the business community as the 'ballast' in the US-China relationship, leaving only military and political hawks without a counterweight advocating for engagement.
causalpending
Speaker
Mike FromanEvidence Quote
“a reassertion of the party uh integration of the party back into the private sector, a chilling effect on foreign investment...non-Chinese firms who tried to do business in China and found that they were either having their IP stolen...as soon as they were successful there was a Chinese competitor who has taken their IP...the business community had been in many respects the ballast in the relationship...when they lost interest...there was no balance against those who were had raised concerns on the military and the political side.”
Created: 8/11/2026, 6:35:07 AM
My Notes
Loading notes...