China is waging economic warfare in earnest:
- Government subsidizes real estate investments in Western nations by Chinese investors, driving up real estate and turning a significant segment of the US population from homeowners to renters.
- Severely undercutting manufacturing prices for decades, to the point that Western nations have lost the ability to manufacture many products.
- Devaluing the Yuan and opening trade agreements around the world to protect itself from US sanctions and tariffs
- Purchasing billions annually in US treasury bonds (they hold around 30% of outstanding treasury bonds - over $1.1T)
At the same time, China's might is costing its 1.4B citizens dearly: unsafe or abusive working conditions, severe human rights abuses, and an Orwellian surveillance state.
I know the choice to do business with China is complex and nuanced. But I suggest prioritizing the moral implications--both to the world and to China's citizens--of a Chinese government with ever-increasing power when considering to what extent one should do business with China.