Former US Secretary of State Mike Pompeo said that there is no such thing as a so-called "private" Chinese company, which is part of the Chinese state apparatus.

(Photo by reporter Tian Yuhua)

Reporters Wei Xibin, Guang Yanxin/Interview with Yang Fuyi/Compilation

Q: The U.S.-China conflict has left many companies in a dilemma, opting to restructure their supply chains by dispersing factories to different regions.

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

Please read on...

Answer: This is very simple, there is no dilemma, and how to figure it out is not difficult: if you want to allocate funds and research, you will want to allocate funds and research results that may steal your intellectual property, and may take over your factory. country?

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

Chinese enterprises are all part of the national machine

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

I understand that the market with a population of 1.4 billion has become a coveted target, and the outside world wants to pursue that market; admit that the risk is there, start to evaluate how to transform to reduce the risk of your business, the supply chain risk, and let the market risk start to reduce, I think this is to consider A thoughtful and discreet approach.

It doesn't happen overnight, and these investments don't happen a week, a month, a year under the CCP rule, they happen gradually over time.

So, think carefully about how to reduce the risk of your business in China, and then you will find that after two, five, ten years, your company will be in a better position and will be richer; When what so many Chinese companies have done turns against you, you suffer less risk.

Q: After the United States imposed sanctions on China by restricting the export of high-tech products and raising tariffs, the US-China trade has declined. Will these sanctions continue?

Under what circumstances might these policies change?

A: Yes, I think so.

As long as China continues to commit 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 harm Americans, the economic relationship between the United States and China will continue to decline, and American businesses can understand what i said.

Pursuing the Chinese market is illusory

U.S. companies must change the way they do business, and chasing China’s billion-plus market goals proves to be less lucrative, illusory, and perhaps not thoughtful.

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