Former US Secretary of State Mike Pompeo accepted an exclusive interview with this newspaper, refuting the so-called "private" Chinese companies as pure falsehoods. Chinese companies are all part of China's state apparatus. It is expected that the United States will continue to impose economic sanctions on China in the future.

(Photo by reporter Tian Yuhua)

[Compiled by Yang Fuyi/Comprehensive Report] Former US Secretary of State Pompeo was invited to visit Taiwan and participated in the first "Global Taiwan Business Forum" hosted by the "Liberty Times" in Kaohsiung, the annual meeting of the World Federation of Taiwan Chambers of Commerce and an on-site visit to southern Taiwan , On the 27th, he was interviewed by Wei Xibin, the deputy editor-in-chief of the newspaper, and Kayleigh Madjar, the interview team leader of the Taipei Times. The following is the interview summary.

Q: The U.S.-China conflict has put many companies in a dilemma, forced to choose to disperse factories to different regions to spread risks and cause supply chain restructuring.

What advice would you give business leaders outside of the US and China?

Please read on...

A: It is very simple, there is no dilemma; it is not difficult to figure it out.

It's not hard to figure it out: if you think about allocating money and research, would you want to allocate it in a country where money and research could be stolen, your intellectual property could be taken away, your factory could be taken over?

Would you want to do business with the Chinese Communist Party?

There is no such thing as "private" Chinese companies, which are all part of the Chinese state apparatus.

I understand that a market with a population of 1.4 billion is a dream target, I understand that the outside world wants to pursue that market; admit that the risk is there, start evaluating how to transform to reduce the risk of the enterprise, the supply chain risk, or the market risk starts to reduce, I think it is thoughtful prudent approach.

This doesn't happen overnight, and these investments in China don't happen one day, one month, one year under the CCP's rule, they happen gradually over time.

So think carefully and carefully evaluate how you can reduce the risk of your business in China, and then you will find that in 2 years, 5 years, 10 years, your company will be in a better position, will be richer, will be more vulnerable Less risk to torture, once the CCP turns what it has done to so many Chinese companies to target you.

Q: After the U.S. sanctioned China by restricting exports of high-tech products and raising tariffs, U.S.-China trade has declined, will these sanctions continue?

Under what circumstances might these policies change?

Answer: Yes.

I think so, as long as China continues to carry out genocide, steal American intellectual property, steal American technology information for the next generation, and so on, as long as China continues these anti-democratic behaviors that hurt Americans, I think the economic relationship between the United States and China will continue to decrease , I think American companies understand what I'm saying.

American companies had to change the way they (doing business), and the pursuit of China's 1 billion-plus population proved less lucrative in their market, proved illusory, and frankly, proved that maybe the investment wasn't so well-traveled properly considered.

Then, you will see that they will continue to reduce their exposure to China in the future.