"Young Chinese scientists recruited back to China through a government talent program went on to publish more scientific papers than their counterparts who remained overseas..." Should review critical sectors - quantum, AI, chips, biotech and others.
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Michael Wessel
@MWesselDC
Commissioner: US-China Econ & Security Review Commission. Former General Counsel, House Democratic Leader. Staff Chair Labor Advisory Comm. Views my own, etc.
Michael Wessel’s Tweets
Reports US & Netherlands cut deal to limit high end CHIPS production equipment exports to China. Significant step. Needs to buttressed w/outbound investment screening on chips, quantum, AI, biotech & pharma and EV and NEV tech. Western capital & technology have fueled CCP's rise.
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"The US Hasn’t Noticed That China-Made Cars Are Taking Over the World. The country is poised to become the No. 2 exporter of passenger vehicles, surpassing the US and South Korea and risking new tensions with trading partners and rivals.
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. recommended that Congress direct the administration create an Economic and Security Preparedness and Resilience Office. Increasing evidence of the need for action.
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Need to tighten sanctions on Russia. Too much leakage. While aligning our policies with our allies has merit, it should not impede our actions. America must lead and limit Russia's ability to continue to wage war.
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New 40+ page research report is out where we dive into detailed data on Russian trade imports to determine how Russia is working around Western sanctions and export controls
Key findings: 🧵
silverado.org/news/report-ru
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. publishes update on Chinese companies listed on major US stock exchanges. Now 252 companies with market cap of $1.03 trillion.
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#USMCA panel decision on auto rules of origin defies the understanding of US Congress and supporters of the deal. 75% should mean 75%. Decision deals another blow to support for new free trade agreements.
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Congress adopts recommendation of the that requires identification of state support in pre-merger notifications. If the CCP is funding an acquisition of our companies, authorities need to know. We need new tools in the toolbox.
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"The continuing erosion of America’s manufacturing capacity and its deepening dependence on China pose unacceptable risks to our nation’s health, prosperity, capacity for self-defense, and ability to support friends and allies." Action is needed.
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As #Biden heads to Mexico, important that we keep an eye on trade. Bilateral trade deficit, year to date, is up more than 20%. Strong action by US on workers' rights, but more action needed. And US & foreign investment in Mexico needs to be a focus. bit.ly/3jVMGPK
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WSJ reports that repairs to Tacoma Power substations could take up to 3 years. What? We must do more to not only protect critical infrastructure, but ensure resilience, resupply and recovery.
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#China’s property slump hurts steel makers. We should be prepared for increased imports — directly and indirectly and deeper impact on U.S. capacity utilization which is around 73%. Trade enforcement is key and overcapacity rules a must.
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In addition to . leadership in many other areas she got $20 million into Omnibus for outbound investment review. She and got outbound in House COMPETES. Time not just to address trade injury after it occurs, but stop outsourcing of critical capabilities.
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#WTO not only gets it wrong, but further undermines U.S. interests and alienates US policymakers and the public. China has rejected one country two system commitments regarding Hong Kong, but wants to retain preferential trade treatment. Not a chance.
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“The costliest crime in the U.S. is actually being committed by corporations,” says , citing EPI research on wage theft.
“Instead of following Black people around the store, security guards should be hovering over CEOs at their desk.” youtu.be/SmVob1QMdMQ?t=
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Huawei licenses 5G patents to rival as U.S. sanctions force the Chinese giant to seek new revenue. Huawei is still major player - Saudi's sign new deal. Need to look at Oppo and possible vector for CCP.
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Raytheon CEO to on U.S. weapon shortages after 9 months of war in Ukraine: "We've essentially used up 13 years worth of Stinger production and 5 years worth of Javelin production. So the question is, how are we going to resupply, restock the inventories?" #RNDF2022
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Digital trade must not become a zero-sum game
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Incredible. This photo reportedly shows two Chinese professors in Shanghai standing bravely between dozens of police and protesting students.
(h/t@RealBeiMing)
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War in Ukraine stressing ability to supply arms to Taiwan. recommends creating an Economic Security and Preparedness and Resilience Office in the WH to address such problems.
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Crowd of at least 100 making its way to Tiananmen Square in Beijing on Sunday night, chanting, “We want universal values,” “We want freedom, equality, democracy, rule of law,” “We don’t want dictatorship,” “We don’t want personality cult.”
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Study: #Offshoring production contributes to rising #GHG. Trade policy needs to address carbon loophole.
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My latest investigation:
I tested Shein's cotton in a lab and found it to be from Xinjiang. Importing it to the US is illegal:
Video
bloomberg.com/news/videos/20
Podcast
omny.fm/shows/the-big-
Shein’s Cotton Tied to Chinese Region Accused of Forced Labor
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🎥Live at 10:30 AM EST: The U.S.-China Economic and Security Review Commission launches its 2022 Annual Report to Congress.
Tune in!
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Not a single new entity has been added since Fall/Winter 2021, but the intention is there at least… twitter.com/emily_sw1/stat
This Tweet is unavailable.
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"This reshoring, nearshoring, whatever they're calling it this week is real, and we're pumped up about it."
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The value of Russia's exports has actually grown since it invaded Ukraine, even with some countries that oppose the war.
Check out these stunning graphics by
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Just checked in at #Hilton - 45 minutes!!! App didn’t work and managers stayed in back room rather than helping out. Guess it’s time to change hotel chains.
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International Trade Minister Mary Ng now says it was a *mistake* when she voted in support of a motion that calls China's treatment of Uyghurs a genocide and requests special refugee measures for them. Her office said she pushed the wrong button.
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First time head of the Ministry of State Security has ever been on either the Central Secretariat or the Politburo. Intel organs are being centralised under Xi in a dangerous way, opening up a greater role for them in domestic politics.
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It's the job of journalists to investigate how products made from forced labor reach American stores as did in its seafood from slavery series.
But now there's an initiative backed by big business to make it impossible to track those supply chains.
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Wait, so you're saying that offshoring much of the critical production needed for our national defense was... a bad idea? Huh.
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