According to CNBC, U.S. Commerce Secretary Raimondo made a speech at the Massachusetts Institute of Technology on Wednesday, November 30.  

Raimondo said that over the past decade, China’s leaders have clarified that they do not plan to pursue political and economic reform.

However, she said that it’s clear that China has prioritized its national security over its economy and trade with other countries.

In addition, she said China’s assertive military behavior means that the U.S. must rethink how to protect national security interests while promoting U.S. interests in trade and investment.

Raimondo said that China is accelerating its efforts to fuse economic and technology policies with its military ambitions, which is the most disturbing thing.

She said: “And as China’s economy has grown in size and influence, so too, has its commitment to using non-market trade and investment practices in ways that are forcing us, compelling us, to defend United States businesses and workers and those of our allies and partners.”

The U.S. commerce secretary said China also seeks to stack its representatives on international technology standard-setting bodies to promote Chinese values and spread its influence.

Raimondo said that it puts U.S. businesses at a disadvantage “and puts at risk many of our fundamental values, such as the free flow of information and data privacy.”

During the battle against the Covid pandemic, the Chinese government has sacrificed its economic development by insisting on zero tolerance for Covid.

The repeated lockdowns in major Chinese cities have led to supply chain disruptions, causing international customers to accelerate their hunts for sourcing regions.

And to deal with China’s military ambitions, U.S. President Joe Biden in August signed into law the CHIPS and Science Act. The strict measures from the law would ensure research and innovation investments “can never be used to benefit China’s military.”

Raimondo said the U.S. fears that semiconductor chips used to manufacture military equipment could be used against the U.S.

She said: “China today poses a set of growing challenges to our national security. That is a fact. It’s deploying its military in ways that undermine the security of our allies and our partners and the free flow of global trade.”

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