Part 1: America should take three steps to respond to the CCP’s economic coercion
5/18/2023 【House Indo-Pacific Subcommittee Hearing】Congresswoman Young Kim said that America should take three steps to respond to the CCP’s economic coercion: first, cease transferring American funds and technology to the CCP; second, increase the cost for the CCP to sustain its current economic system; and third, establish a coalition of countries in the Indo-Pacific region to act in concert against the CCP’s economic coercion.
Part 2: The U.S. is not in a competition with the CCP, but in a cold war
5/18/2023 【House Indo-Pacific Subcommittee Hearing】Congressman Mike Waltz: The U.S. is not in a competition with the CCP, but in a cold war. The CCP seeks to win the war by using non-military means without firing a shot.
Part 3:That the CCP is rising while the US is declining is unfounded
5/18/2023 【House Indo-Pacific Subcommittee Hearing】American economist Dr. Derek Scissors: Data from multiple aspects indicates that the claim that the CCP is rising while the US is declining is unfounded. For the renminbi to be able to challenge the US dollar, the CCP must allow money to freely flow out of China, but they are afraid to do so. What Americans need to consider now is how to support the US dollar and our policies instead of worrying about the Renminbi’s challenge to the dollar.