In a wide-ranging conversation, Dr. Elizabeth Economy and Dr. Melanie Hart discuss China’s economic coercion, its impact globally, and how the United States can most effectively respond. Hart draws on cases from her time at the State Department to illustrate how her team successfully combatted Chinese efforts to use the power of their market to force political alignment by other countries. She also stresses, however, that this is an ongoing battle. 

Hart also describes the Biden administration's framework for reducing dependence on Chinese critical minerals and semiconductors. She underscores the importance of investing in domestic manufacturing, partnering with other countries to build alternatives to Chinese suppliers, and working with allies to coordinate effective policy and early warning systems to address supply chain issues before they occur.

ABOUT THE SPEAKERS

Dr. Melanie Hart is the senior director of the Atlantic Council’s Global China Hub. She leads the Hub’s efforts to analyze Beijing’s actions and their global impacts using rigorous analysis and innovative data to generate actionable policy solutions, enabling the United States and its allies to respond effectively to common policy challenges on China. Prior joining the Council, Hart worked at the US Department of State, where she served as senior advisor for China in the Office of the Undersecretary for Economic Growth, Energy, and the Environment. In that role, Hart was instrumental in crafting strategies to reduce nation-state vulnerabilities to Chinese pressure. She developed the Department of State’s playbook for responding to Chinese economic coercion and led an internal unit that provided coercion-response support to multiple nations. Before joining the State Department, Hart served as senior fellow and director for China policy at the Center for American Progress, where her work helped shape domestic and global approaches to China on issues such as 5G policy, economic competition, energy and climate policy, and global governance.

Elizabeth Economy is the Hargrove Senior Fellow and co-director of the Program on the US, China, and the World at the Hoover Institution. From 2021-2023, she took leave from Hoover to serve as the senior advisor for China to the US secretary of commerce. Before joining Hoover, she was the C.V. Starr Senior Fellow and director, Asia Studies at the Council on Foreign Relations. She is the author of four books on China, including most recently The World According to China (Polity, 2021), and the co-editor of two volumes. She serves on the boards of the National Endowment for Democracy and the National Committee on U.S.-China Relations. She is a member of the Aspen Strategy Group and Council on Foreign Relations and serves as a book reviewer for Foreign Affairs.  

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ABOUT THE SERIES

China Considered with Elizabeth Economy is a Hoover Institution podcast series that features in-depth conversations with leading political figures, scholars, and activists from around the world. The series explores the ideas, events, and forces shaping China’s future and its global relationships, offering high-level expertise, clear-eyed analysis, and valuable insights to demystify China’s evolving dynamics and what they may mean for ordinary citizens and key decision makers across societies, governments, and the private sector.

Host Elizabeth Economy sits down with Jimmy Goodrich to discuss the technology competition between the United States and China.  Goodrich argues that the competition is far from settled with leadership in many emerging technologies still up for grabs. 

He describes China’s model as one defined by state-led investment in key sectors, tremendous depth in their ability to innovate, and leading the race in advanced technology and patents. He also outlines China’s long-term ambition to dominate the next wave of advanced technology such as high-energy physics and quantum computing. But he cautions that a weak private sector and venture capital landscape, as well as constraints on access to foreign technology, pose real limitations in some areas.

The United States, in contrast, is led by a dynamic private sector with a strong startup ecosystem, and world-class universities. It is also viewed as possessing more advanced capabilities in the current generation of technology. Goodrich concludes that whichever nation can better attract the top talent, create the best companies to diffuse AI into their economy, and effectively integrate AI into the military will shape the world we live in for generations to come.

Recorded on December 2nd, 2024. 

ABOUT THE SPEAKERS

Jimmy Goodrich is a leading expert on technology, geopolitics, and national security with a focus on China and East Asia. He is a senior advisor for technology analysis to the RAND Corporation and a nonresident fellow at the University of California Institute on Global Conflict and Cooperation, where he works in various capacities on research regarding China, technology, and national competitiveness. Jimmy was previously the vice president for global policy at the Semiconductor Industry Association (SIA), where he led the industry’s supply chain, international trade, export control, global market research, and China efforts. His work at SIA included researching Chinese industrial policy and chip industry economics, successfully securing $52 billion in funding for the CHIPS and Science Act, and navigating complex multinational export control and other national security issues. Jimmy was also the director for China policy at the Information Technology Industry Council (ITI) in Washington, DC, and prior to that spent seven years in the tech sector in China.

Elizabeth Economy is the Hargrove Senior Fellow and co-director of the Program on the US, China, and the World at the Hoover Institution. From 2021-2023, she took leave from Hoover to serve as the senior advisor for China to the US secretary of commerce. Before joining Hoover, she was the C.V. Starr Senior Fellow and director, Asia Studies at the Council on Foreign Relations. She is the author of four books on China, including most recently The World According to China (Polity, 2021), and the co-editor of two volumes. She serves on the boards of the National Endowment for Democracy and the National Committee on U.S.-China Relations. She is a member of the Aspen Strategy Group and Council on Foreign Relations and serves as a book reviewer for Foreign Affairs.  

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ABOUT THE SERIES

China Considered with Elizabeth Economy is a Hoover Institution podcast series that features in-depth conversations with leading political figures, scholars, and activists from around the world. The series explores the ideas, events, and forces shaping China’s future and its global relationships, offering high-level expertise, clear-eyed analysis, and valuable insights to demystify China’s evolving dynamics and what they may mean for ordinary citizens and key decision makers across societies, governments, and the private sector.

Host Dr. Elizabeth Economy sits down with Joerg Wuttke to discuss his 30+ years doing business in China, the systemic challenges facing the Chinese economy, what the future holds for the China-EU relationship, and buying 160 million masks for then German Prime Minister Angela Merkel during the pandemic.

Wuttke provides insight into the dramatic changes in China’s business environment from his seat as BASF’s chief representative in China and head of the European Union’s Chamber of Commerce in China. He shares how he navigated the Chinese system to build one of the country’s most successful joint ventures, dealt with the endemic corruption in the Chinese bureaucracy, and steered BASF through the COVID lockdowns. He describes the current challenging environment for foreign companies: the departure of young talent, the growing competitiveness in many sectors of Chinese homegrown business, the primacy of Chinese Communist Party ideology over economic development, and the uneven playing field created by Beijing to advantage Chinese companies. 

In his reflections, Wuttke describes his time working in China during the 1980s as the “best and worst of all times,” as he witnessed the stunning transformation of the country. Yet under the rule of Xi Jinping, he describes a vast surveillance state becoming increasingly unfriendly to the private sector—including both Chinese companies and multinationals. And while a thaw in relations may be unlikely, Wuttke encourages listeners to travel to China, to appreciate the culture, and to remember that the “party is not the country”.

Recorded on December 5, 2024.

Host Dr. Elizabeth Economy sits down with Rhodium Group Co-founder Daniel Rosen for an in-depth look at the current state of the Chinese economy, the challenges it will face going forward and how a second Trump presidency may affect it. 

ABOUT THE SPEAKERS

Daniel H. Rosen is the co-founder of Rhodium Group and leads the firm’s work on China. Mr. Rosen has worked professionally on China’s domestic economy and global commercial relations since 1992. He is widely recognized for his research on US-China relations and Asian commercial dynamics. He is affiliated with numerous think tanks focused on international economics and is an Adjunct Associate Professor at Columbia University.

From 2000-2001, Mr. Rosen was Senior Adviser for International Economic Policy at the White House National Economic Council and National Security Council. He is a member of the Council on Foreign Relations and the National Committee on US-China Relations.

A native of New York City, Mr. Rosen graduated with distinction from the graduate School of Foreign Service of Georgetown University (MSFS) and with honors in Asian Studies and Economics from the University of Texas, Austin (BA).

Elizabeth Economy is the Hargrove Senior Fellow and co-director of the Program on the US, China, and the World at the Hoover Institution. From 2021-2023, she took leave from Hoover to serve as the senior advisor for China to the US secretary of commerce. Before joining Hoover, she was the C.V. Starr Senior Fellow and director, Asia Studies at the Council on Foreign Relations. She is the author of four books on China, including most recently The World According to China (Polity, 2021), and the co-editor of two volumes. She serves on the boards of the National Endowment for Democracy and the National Committee on U.S.-China Relations. She is a member of the Aspen Strategy Group and Council on Foreign Relations and serves as a book reviewer for Foreign Affairs. 

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ABOUT THE SERIES

China Considered with Elizabeth Economy is a Hoover Institution podcast series that features in-depth conversations with leading political figures, scholars, and activists from around the world. The series explores the ideas, events, and forces shaping China’s future and its global relationships, offering high-level expertise, clear-eyed analysis, and valuable insights to demystify China’s evolving dynamics and what they may mean for ordinary citizens and key decision makers across societies, governments, and the private sector.

In this episode, Elizabeth Economy, Matt Pottinger, and Evan Medeiros discuss where the US-China relationship stands at the end of the Biden administration, to the second Trump administration’s possible approach to China policy, as Trump has already promised significant increases on tariffs of Chinese imports. 

ABOUT THE SPEAKERS

Matt Pottinger is a distinguished visiting fellow at the Hoover Institution. He previously served in the Trump Administration for four years in senior roles on the National Security Council staff, including as Senior Director for Asia and Deputy National Security Advisor, where he coordinated the full spectrum of national security policy. Previously, Pottinger worked in China as a reporter for Reuters and the Wall Street Journal. He then fought in Iraq and Afghanistan as a US Marine during three combat deployments between 2007 and 2010. Following active duty, he founded and led an Asia-focused risk consultancy, ran Asia research at an investment fund in New York and is now at Garnaut Global.

Dr. Evan S. Medeiros is the Penner Family Chair in Asian Studies in the School of Foreign Service and the Cling Family Distinguished Fellow in U.S.-China Studies. He has published several books related to China and East Asia and regularly provides advice to global corporations and commentary to the international media. He was also President Obama's top advisor on the Asia-Pacific, serving as the Senior Director for Asia from 2013 to 2015 and was responsible for coordinating U.S. policy in the region across the areas of diplomacy, defense policy, economic policy, and intelligence.

Elizabeth Economy is the Hargrove Senior Fellow and co-director of the Program on the US, China, and the World at the Hoover Institution. From 2021-2023, she took leave from Hoover to serve as the senior advisor for China to the US secretary of commerce. Before joining Hoover, she was the C.V. Starr Senior Fellow and director, Asia Studies at the Council on Foreign Relations. She is the author of four books on China, including most recently The World According to China (Polity, 2021), and the co-editor of two volumes. She serves on the boards of the National Endowment for Democracy and the National Committee on U.S.-China Relations. She is a member of the Aspen Strategy Group and Council on Foreign Relations and serves as a book reviewer for Foreign Affairs.  

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Matt Pottinger

ABOUT THE SERIES

China Considered with Elizabeth Economy is a Hoover Institution podcast series that features in-depth conversations with leading political figures, scholars, and activists from around the world. The series explores the ideas, events, and forces shaping China’s future and its global relationships, offering high-level expertise, clear-eyed analysis, and valuable insights to demystify China’s evolving dynamics and what they may mean for ordinary citizens and key decision makers across societies, governments, and the private sector.