Chinese leaders have long claimed to never seek hegemony, and yet the bullying of their neighbors. They justify it, and they justify it on the grounds that China deserves respect because of its power and position. Doing business in China is not just like here or anywhere else. It's not business between two private companies. It means doing business with companies backed by, sponsored by, protected by the Chinese Communist Party. Their economy is purposefully opaque. And Chinese companies, many of which are state owned or state directed, are tools used by the Chinese Communist Party to further their mercantilist goals. (13:41–13:54)
CLAIM
Asserts that doing business in China involves dealing with companies backed by the Chinese Communist Party.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
