Deep Dive
Shownotes Transcript
First, the other thing that we've seen over these four years, and not by accident, by intent, was greater convergence than I've ever seen in the approach to China by our key partners and allies in Europe and in Asia. And if you look at not only what we say as our declaratory policy when it comes to China, but also look at what we're doing together,
in terms of de-risking, in terms of making sure that we're dealing with problematic technology transfers, in terms of dealing with overcapacity and unfair trade practices. Increasingly, you have an aligned, unified approach. If you look at the China strategies that key partners have put out, we could be exchanging talking points, exchanging speeches. It's one, almost one and the same.
That's a source of incredible strength. And maybe the best proof point of the success that we've had in aligning our policies with Europe and with key partners in Asia is the fact that every single meeting that I've had with my counterpart, Wang Yi, almost inevitably starts with 30 or 45 minutes of discussion, i.e. monologue.
about complaining about everything we've done to align all of these countries. So it seems to me this is the best proof point that we've been very successful in building this kind of alignment, this kind of convergence. Now, Taiwan is, in another way, a really good example of this. Because what does China say every time the word Taiwan comes up? Don't even mention it. It's no one's business but our own.
What we've been able to do is, I think, open the eyes of almost the entire world to the fact that, no, fundamentally, this is everyone's business. Because were there to be a crisis over Taiwan, the entire world would be affected by it. You've got 50% of commercial container traffic going through the Strait every day. You've got 70% of the microelectronics of the country.
Chips being fabricated in Taiwan. If that's taken off the off the grid, you've got an economic crisis that goes right around the world. As a result, more and more countries have weighed in with Beijing in the last two or three years saying, don't do anything. We have to preserve the status quo. You have to preserve peace and stability. And the demand signal coming from countries for China to act responsibly is enormous.
more across the board and clearer and louder than, again, at any time that I remember.