US war game finds need to reduce economic engagement with China
US war game finds need to reduce economic engagement with China
2023-09-14
U.S. lawmakers have completed a war game, exploring the financial impact of a Chinese attack of Taiwan in 2028. The exercise was held with financial and business executives in New York. Speaking on the top takeaways, Congressman Mike Gallagher said the U.S. must reduce its economic engagement with China, or else it will have limited options in the event of a crisis.
At a symposium held by Washington-based think tank, U.S. House China committee chair Mike Gallagher previewed a new Taiwan war game.
Mike Gallagher
US House representative
… I interpreted is to identify the bipartisan center of gravity, identify a set of policy and legislative proposals that can put us on a better path to competing effectively with China, and things that can pass even in divided governments.
The war game was held with financial and business executives, to simulate the effects of a Taiwan Strait conflict in the year 2028. If China were to blockade Taiwan, the global economy could face a loss of trillions of U.S. dollars, according to U.S. lawmakers. Therefore, the exercise focused not on missiles and torpedoes, but on economic sanctions, the SWIFT Banking system and strengthening supply chains. The goal was to explore what measures could mitigate a future crisis.
Mike Gallagher
US House representative
As China confronts serious economic and demographic issues, Xi Jinping could get more risk-acceptant and could get less predictable and do something very stupid.
According to Gallagher, it is imperative for the U.S. to cut off funding to China. Measures such as redirecting supply chains and cutting off U.S. capital in key industries could put the U.S. in a more advantageous position. He said that letting Beijing control key technologies and supply chains was like providing China with weapons to use against the U.S.
Mike Gallagher
US House representative
I don’t think anyone can defend the idea that we should be allowing American retirees to invest in Chinese military companies that are building things designed to kill Americans in a future conflict.
Gallagher said Wall Street wasn’t paying enough attention to the China threat, and that the Biden administration’s investment restrictions for China weren’t comprehensive enough. Taking preventive measures will be the only way to prevent a Chinese attack on Taiwan, he said.
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台海兵推啟示 蓋拉格:切斷資助中國刻不容緩
2023-09-14
中國持續對台文攻武嚇，美國眾議院「中國問題特別委員會」主席蓋拉格日前與華爾街高層舉行兵推，模擬台海衝突可能帶來的經濟與金融衝擊。得到的結論是，美國應該儘快將供應鏈移出中國，並切斷流向中國關鍵領域的資金。他強調，投資中國就等於害美國自我毀滅。
華府重要智庫、外交關係協會12號在紐約座談，眾議院反中頭號戰將、「中國問題特別委員會」主席蓋拉格，談到舉辦台海兵推的意義。
[[美國眾議院議員 蓋拉格]]
“我認為(兵推)是為了確立，兩黨政策的重心，提案立法的重心，能幫助我們更有效地和中國競爭，即便政府意見不一依舊能夠推動”
找來金融界、商界高層，模擬2028年台海危機爆發，蓋拉格表示，中國一旦封鎖台灣，可能讓全球經濟付出數兆美元代價，也因此，這次兵推重點不是飛彈和魚雷，而是關於制裁、SWIFT國際支付系統、強化供應鏈等等，回頭探討現在該用什麼手段，幫助緩解未來危機。
[[美國眾議院議員 蓋拉格]]
“當中國面臨嚴重經濟人口問題，習近平會更想冒險，變得更難預測，做出愚蠢決定”
蓋拉格高呼，防範資助中國，刻不容緩。包括移走供應鏈，切斷美國資本流向中國的關鍵領域，就能讓美國處於更有利位置。要是容許北京控制技術或供應鏈，就等於提供武器，用來脅迫美國自己。
[[美國眾議院議員 蓋拉格]]
“我不認為有人可以跳出來說，應該要讓美國人的退休金去投資中國軍武企業，再讓他們打造未來發生衝突時，殺死美國人的武器”
蓋拉格批評華爾街忽視中國威脅，拜登政府8月祭出的限制投資禁令不夠完善，要防止中國衝動犯台，就必須預作準備，防患於未然。
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