Amid the crisis that is looming over a large part of the world’s population as the China coronavirus [CCP Virus] spreads, the economy has been one of the areas most affected. There is now a concern about the measures that the Chinese Communist Party (CCP) is implementing as it announced control over the virus outbreak.
In recent years, the United States implemented a tariff strategy to level the economic playing field with China, the Chinese strategies placing at an unfair advantage, seeking to co-opt the international market as a supplier of products and an active lender.
For now, in the spirit of protecting American companies, the efforts of the Trump administration during active negotiations with China have resulted in a first-phase agreement that promises a more balanced economic outlook.
However, as of today, the threat to the West from a possible economic recession due to the impact of the CCP Virus is imminent. At the same time, China is projected to be the first country to control the outbreak of the virus.
Now the markets of the world are more vulnerable and the time is ripe for the advancement of the economy of the Chinese regime. As an opinion column in the Washington Post points out, China intends to seek more foreign direct investment, take market share in critical industries, and try and stop the West from being a rival for its bad behavior.
According to a document issued by the consulting firm Horizon Advisory, which is in charge of tracking the Chinese regime’s economic activity, “Beijing intends to reverse recent U.S. efforts to counteract China’s subversive international presence; at the same time to chip away at U.S.-Europe relations.”
Columnist Josh Rogin explains that after the 2008 financial crisis, Beijing took advantage of the crisis to boost its national companies through large subsidies and intellectual property theft.
“China is planning to overproduce various goods to flood the market and increase its market share while Western companies are on their backs,” Rogin said.
The Asian country could finish consolidating its image as a tax haven for corporate capital abroad if it prevails in the market after controlling the CCP Virus crisis.
According to Horizon Advisory co-founder Emily de La Bruyère, “China has a long-standing strategic plan that’s focused on co-opting nodes and systems in which it thinks it can claim coercive power over the United States and the global system.”
“Now that the world is shutting down, China sees its opportunity to move in much more quickly and aggressively to those nodes and systems,” added La Bruyère.
Thus, in the eventual economic recession the Chinese regime’s measures could boost a benign image, even more so now when the production of medical supplies and pharmaceuticals is confronting the production capacity of the United States.
In parallel, China plans to corner the technology market globally through the service of the disputed 5G wireless network, positioning it as a strong competitor. Not to mention that its main representative, the multinational Huawei, has been reported to have close relations with intelligence agencies of the Chinese regime.
As Rogin pointed out, “Chinese commentators in state media are calling for post-CCP Virus expansion of Chinese companies abroad, especially in key sectors like 5G, high-speed rail, new energy vehicles, artificial intelligence, and the industrial Internet.”
“It’s ironic, but because China was the first country to deal with coronavirus, it is now ahead of most of the world in terms of containment and recovery,” Rogin notes, adding that while Chinese workers are returning to business, the United States and European economies are closing down.
According to Rogin, “The Trump administration’s strategy is not to divorce our two economies, but to compel China to play by the rules and compete fairly, while protecting our industries from their malign activities.”
“We can’t sacrifice the long-term economic competition with China because of this serious but temporary health crisis,” Rogin added.