How much influence does China have on American institutions? China expert General Robert Spalding joins Jason Hartman today to discuss the relationship that China has had with the U.S. What has the Chinese Communist Party done to take advantage of the openness of the U.S.? And how is it that Chinese stocks don’t have the same requirements for transparency and audits? How does that affect the U.S.?
[3:45] As we (the U.S.) begin to isolate the industrial base implications for our relationship with China, we notice that a lot of the capabilities that we had in terms of the military were dependent on the supply chains coming in from China.
[6:00] The U.S. relationship with China can be looked at as, making them rich so that they would democratize.
[10:30] The Chinese Communist Party has used its connection to U.S. society and turn U.S. strengths of openness into vulnerabilities.
[11:45] Looking at Chinese equities/stocks, Chinese companies aren’t required to meet audit and transparency requirements. They don’t have to comply with Sarbanes-Oxley.
[18:00] How concerned should we be about China’s military plans?