US vs. China:The fight for the economy after COVID-19

Can the US regain its competitive edge against China’s drive for global economic dominance?

Israel News Talk Radio ,

Donald Trump
Donald Trump

The Communist Party regime of Chinese President Xi Jingping is striving for global, technological, and economic dominance by 2025.

Its “Made in China” 2025 plan seeks to have Chinese companies control both domestic and global production in 10 key sectors, becoming a superpower. Among those sectors are robotics, artificial intelligence, biomedical research and development, semi-conductor chip manufacturing, and energy efficient electric vehicles.

To achieve that, it is engaged in academic and technological espionage and cooperative programs such as the Thousand Talents Program and the Confucius Institute plying leading-edge US researchers with millions in funding and gifts, threatening US national security.

Rod Reuven, Dovid Bryant, and Jerry Gordon brought in Stephen Bryen, former Deputy Undersecretary of Defense for Technology and Security during the Reagan era, noted military technologist, and columnist for the Asia Times.

Bryen said that since 1985, the US has lost much of its heavy manufacturing and technology to China. It was driven in part by corporate penetration of the billion-plus market as well as lower production costs. The result was a shift to a technology and service US economy, with the loss of a vibrant middle class with decent wages, and diminished prospects for entrepreneurship, one of the key foundations of democracy. China is now our largest trading partner, in part, because of the Phase One Administration deal with China and major purchases of US agricultural products.

On the Chinese infringement of US intellectual property and national security, Bryen add that, "this arises from billions of US corporate, science, and technology investments in China. Then there are Chinese military penetration of student and academic technical exchange research laboratory programs like the Thousand Talents Program and Confucius Institute, and PLA academic and cyber espionage. All facilitated by no effective US export controls."

And what is the solution for the US? "The top priority is to have Congress rewrite our 'broken' export control laws. The second priority is visa control and a companion vetting system for screening out PLA officers and others who are connected with China’s military industrial complex. Today we have no controls over applied research to ensure national security. While the FBI is involved, the real expertise resides in DoD and CIA scientific intelligence groups. We need effective control."