of companies—both from China-hawks in Washington and from Beijing’s central planners—will add to the Wall Street’s challenges.... [+]Systemic competition
Even if Wall Street’s China portfolios are managed with the requisite amounts of due diligence, and no violations of sanctions occur, there remains the inconvenient truth that the big American investment banks and other foreign investors are seen by China hawks and human rights advocates as aiding and abetting Beijing’s larger ambitions. In the longer term, this issue will resonate with both the political left and right in America and could backfire badly on Wall Street.
As Soros put it, by funding the growth of China’s financial markets and economic actors, Wall Street is effectively funding the spread of Beijing’s model of techno-authoritarianism, and enabling Beijing’s broader geopolitical agenda.I work with the world's thought leaders in business, public policy and civil society, in the areas of global value chains, sustainable capitalism and international trade.
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