Zineb Riboua outlines possible ways for the West to counter ongoing Chinese economic espionage:
President Donald Trump and PRC President Xi Jinping at the G20 Japan Summit in Osaka, 29 June, 2019.
Cropped from an official White House photo by Shealah Craighead via Wikimedia Commons.
Since 2012, Chinese President Xi Jinping’s favourite catchphrase has been “the Chinese dream”. In stark contrast to the evil, capitalistic American dream, Xi’s alternative vision of progress teaches that the only route to prosperity is through rigid adherence to collectivist ideology.
The Chinese state embodies a very particular ideology. Over the last few decades, it has aggressively ramped up its economic and political capital through business and enterprise, inextricably tying itself to the economic fortunes of both developed and developing countries. It is now seeking to use the economic capital it has accumulated to force its political agenda into reality.
That is why the role of private companies in China is unparalleled. Milton Friedman defined corporate social responsibility in terms of private companies’ sole duty to make a profit, and then increase that profit. Chinese companies appear to be exempt from this rule because they interact with the state in a unique and troubling way.
The current state of the Chinese political and economic landscape is no accident. When Deng Xiaoping spoke in the 1980s of building a “socialism with Chinese characteristics”, this is probably exactly what he had in mind. The Chinese Communist party has succeeded in weaponising local market forces in such a way that it now holds all the cards in its nation’s dealings with the outside world, both political and economic, because the line between the public and the private is non-existent.
This strategy has not gone unnoticed. Thanks to the Chinese Communist party’s recent conduct – unprecedented aggression in Hong Kong, the appalling genocide of the Uyghur people and a costly unwillingness to share information relating to the coronavirus outbreak – the state of its internal affairs has come into sharp focus on the international stage.
Unsurprisingly, the hawkish US has placed itself at the forefront of counter-Chinese rhetoric. Secretary of state Mike Pompeo said recently: “We gave the Chinese Communist party and the regime itself special economic treatment, only to see the CCP insist on silence over its human rights abuses as the price of admission for Western companies entering China.”
