XI Meets with Western Business Leaders, Boao Forum, and CCP Hacking
Apr 2, 2024
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Shane Leary discusses Xi Jinping's meeting with Western business leaders, challenges in China's economic structure, Boao forum's declining relevance, and China's cyber espionage attempts on Western nations. The discussion also covers China's focus on state-owned enterprises, global dominance, and the influence of individuals on US-China relations.
Xi Jinping's meeting emphasizes CCP's push for foreign investments, but skepticism remains due to state-oriented economy.
Boao Forum's declining relevance mirrors China's faltering credibility, shifting attention to new forums for hegemonic strategies.
Deep dives
Xi Jinping's Meeting with Western Business Leaders
Xi Jinping's recent meeting with Western business leaders signals a strong effort by the CCP to attract investors back to China. Despite Xi's assurances, international investors remain skeptical due to China's planned economy favoring state-owned enterprises and its global dominance goals, leading to unfavorable business conditions for foreign investments.
The Bao Forum for Asia's Decline in Relevance
The Bao Forum for Asia, controlled by the CCP, aims to solidify China's hegemony in Asia. However, its significance has dwindled over the years, with fewer key heads of states attending and Xi Jinping shifting focus to a new forum, reflecting China's diminishing credibility and diminishing relevance of the Bao Forum's objectives.
China's Cyber Espionage and Hacking Activities
China's state-sponsored hackers, including APT-31 linked to China's Ministry of State Security, have engaged in cyber espionage targeting various countries and entities. This reflects China's broader strategy of technological dominance through data collection for artificial intelligence. These actions have drawn international concerns and led to charges and sanctions from the US and UK, showcasing China's persistent efforts in cyber warfare.
Shane Leary joins Miles Yu to discuss Xi Jinping's recent meeting with western business leaders and academics, the first high-profile meeting of this nature since his meeting with American executives in San Francisco in November of 2023. They then discuss the decreasing relevance of the annual Boao forum, and China's recent cyber espionage and hacking attempts on Western nations.
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