#37 | Camp David Summit, Export Controls and Investment Bans, and Xi's Corrupt Healthcare System
Aug 22, 2023
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China Center Program Manager Shane Leary joins Miles Yu to discuss the diplomatic and security implications of the trilateral Camp David Summit. They also talk about Biden's executive orders against China and Xi Jinping's anti-corruption campaign targeting the medical sector in China.
The Camp David Summit between President Biden, Prime Minister Kishita, and President Yoon aimed to promote cooperation in response to North Korea and China's threats.
President Biden's executive order banning US investments in China's technology sectors, including semiconductors, aims to prevent technological advancements that pose national security risks.
Deep dives
Recent Trilateral Summit at Camp David
The recent trilateral summit at Camp David brought together President Biden, Japanese Prime Minister Kishita, and South Korean President Yoon. The summit aimed to promote cooperation in response to the threats posed by North Korea and a rising and aggressive China. The leaders announced a commitment to consult, the formation of a three-way crisis hotline, conducting annual military exercises, and holding annual trilateral summits.
President Biden's Export Controls and Restrictions on China
President Biden issued an executive order banning US investments in China's technology sectors, including semiconductors, microelectronics, quantum computing, and artificial intelligence. The aim is to prevent US companies from facilitating Beijing's technological advancements that could pose national security risks. The ban also includes Hong Kong and Macau. The Biden administration's actions have been largely praised, although some argue that the restrictions should have been more extensive.
Xi Jinping's Anti-Corruption Campaign in the Medical Sector
Xi Jinping has launched a major anti-corruption campaign in China's healthcare sector. Over 170 hospital executives and CCP secretaries have been investigated so far. Corruption in the medical sector is seen as a long-standing issue, with hospitals underfunded and corrupt practices incentivized. The crackdown is not only financially motivated but also aims to address public trust and credibility in the healthcare system. This corruption problem has created political instability and anxiety among the population.
China Center Program Manager Shane Leary joins Miles Yu to discuss the diplomatic and security implications of this past weekend's trilateral Camp David summit between President Joe Biden, Prime Minister Fumio Kishida, and President Yoon Suk Yeol. They then examine Biden's latest executive orders against China, which ban investments on key technologies and enact export controls on semiconductors. Finally, Miles offers his thoughts on Xi Jinping's latest anti-corruption campaign targeting the medical sector in China.