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October 2021

The Political Economy of American Business and China

Friday, October 22
  • Clyde Prestowitz (Founder and President, The Economic Strategy Institute (ESI))

Overview In the past decades, China has enjoyed the support of most, though not all, businesses in the liberal democracies that saw the PRC as an unlimited source of profits now or in the future. In recent years and months, the Xi Jinping regime has taken measures that will likely limit opportunities for some foreign interests. These include restrictions on Chinese IPOs in the US, a cracktown on some large Chinese conglomerates (thus also hurting their foreign shareholders), and the…

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