Larry Kudlov: Emperor XI destroys China

My friend recently -Went asked: if I was somehow called for mediation Trade dispute with communist China And America … What would I do?

I replied: Immediately refuse the post and log in to another job.

Why am I so pessimistic?

Because, for more than two years, when I worked in the first term of President Donald Trump as director of the National Economic Council, I was a member of the Chinese trade team.

We would seem to have endless meetings with our Chinese colleagues – and then I learned that they were impossible.

Indeed, all the exercise came to the low.

Our team leader was a brilliant Bob Leagada, who held the post of US trade representative and taught me so much about unjust trading practices, especially with China, but frankly, with the rest of the world.

And Mr. Laiter also taught me how important it is to protect advanced entrepreneurs in America and their knowledge and their intellectual property.

He prepared a book about it, which was also an incredible eye discovery to find out how China was the world leader in the theft of intellectual property. And the world leader with the help of translation to forced technology.

What so many people do not understand is that almost all American companies operating in China are actually running the Chinese because the Soviets were controlled by 51 percent to 49 percent or worse. These were the rules provided by the Chinese Communist Party.

And the Chinese could force the US campaign to deploy their technologies within the communist government policy.

Thus, forced transmission of our family precious stones.

I remember how in 2018 we traveled to Beijing for a great parade with different Chinese leaders, where it turned out that I can remember two honest reformers and other dozens of Chinese players were robots of China’s Communist Party.

The Secretary of Trade Wilbur grew up the role in the talks on goods and depressed me to help him.

We spent all day, experiencing raw materials, agriculture, food, manufacturers, energy.

We set Chinese import goals and export targets. And then he argued about these goals over the next two years.

The Minister of Finance Mnuchin has assumed the role in financial companies, and the ability of any US business that operates in China actually own and operate its companies.

He had little success, but in general we could never penetrate the Chinese Communist Guard.

Mr. Litzer was the head of our team, who was engaged in large items of the picture, such as the theft of intellectual property and a million other things he and his US trading representative worked.

We met with Chinese delegates in Washington, Colombia’s county any number of times – has never achieved any success.

Gradually, over time, we reached some parameters, which became known as the US-Chinese phase 1 trading transaction.

At the end of 2019, at the G-20 meeting in Buenos Aires, we held more meetings with the Chinese and finally a big banquet dinner, where President Trump and Chinese Xi Jinping were ruled.

I remember the first question, which Mr Trump asked Mr. -n XI: Can you stop Fentonil’s trade and you would make Fentonil’s suppliers subjected to the capital? And without his eyes, Mr. si immediately said “yes”. Of course, he lied.

Phase 1 transaction was signed in January 2020, among Ballyhoo. The Chinese never realized it.

Even when a signing ceremony took place in the White House, China desperately tried to cover the outbreak that suffered from the country – starting with the ear laboratory before spreading around the world and killing millions. We lost more than a million Americans. A terrible tragedy.

China has never recognized it, and to this day continues to deny that the virus hatched in their Wuhan laboratory.

But the Chinese continued to ignore the so -called phase 2 trading business, on the grounds that overcame everything.

But Covid has been mostly left for several years. However, China continues the theft of intellectual property, forced technology transfer, and they fully ignore all the numerical purposes for the different goods that g -s and I helped manufacture.

Just a week ago, I spent an hour with a good friend whose companies have been in China for many decades. It remains closely with all high -ranking officials.

And I suggested that China was more and more under state communist control, that the whole society intensified.

What he said to me: You are right.

And then he added: Xi Jinping is much greater than the President of China – he sees himself China’s emperor. With even greater powers than if -Mao Zedong.

G -n xi has an iron clutch In all parts of Chinese society and politics. It does not tolerate dissent.

That is why I never even think about the mediation between America and China.

And so g -n troke is absolutely correct to put the tariff heat on Emperor’s economy similar to impeach.

The emperor whose lasting heritage will ruin China.