E23: Leland Miller Breaks Down the China Threat. IP Theft, GDP Fabrication, Taiwan Takeover. What is Really Going On?

Intro:

Leland Miller is the Cofounder of China Beige Book, which according to some media reports has been labelled as a firm having more data on China than even the CIA. He is also a Commissioner on the U.S.-China Economic & Security Review Commission. He has advised Fortune 50 CEOs and top government officials including the Congress on China.

In this conversation we talk about:

—> The espionage in the tech industry from universities to companies

—> Why China has long-term strategy for Taiwan where they expect the West to self-implode

—> How U.S banks including JP Morgan were partially responsible for covering up China’s real economic condition

—> How China fabricated their GDP

—> What happened to the great China opportunity?

—> China’s military readiness

And more. Full episode now available wherever you get your podcasts.

Watch on YouTube:

Timestamps:

00:00 - Introduction01:26 - China 101: The death of the “China Dream” 09:26 - Surveillance, residency permits, and the reality of internal environment 11:04 - Supply chain leverage: Why critical minerals are national security 13:50 - The pharmaceutical threat: Chinese control of U.S. medication supply chains 16:34 - Strategic decoupling: Reshoring and friendshoring national security nexuses 19:45 - Dependence on Chinese foundational materials 24:21 - The military balance in the Pacific: Why everyone thinks they would lose 27:56 - Command readiness: Xi Jinping’s military purges and wartime memory loss 31:13 - Geostrategy in the neighborhood: Japan, Philippines, and missile distance 35:20 - Made in China 2025: The fourth industrial revolution playbook 37:46 - Reindustrialization hurdles: Shipbuilding, chips, and bipartisan focus 39:50 - Breaking the rare earth processing monopoly 43:54 - An Economic Security Strategy: A 5-point master plan for the US 49:19 - IP theft and clones: The deep-rooted issue of technological espionage 52:01 - The STEM dilemma: Training talent in the U.S. and letting them go back55:27 - China’s compute disadvantage and U.S incentives 01:00:23 - The Food and Energy problem01:06:12 - Xi Jinping’s psyche: Paranoia, time horizons, and the Taiwan ticking clock 01:10:56 - Economic sensibilities: Global frustration with the imbalanced trade model 01:16:35 - Why China doesn’t drive global growth 01:19:02 - GDP Fabrication: Trillon-Yuan exaggeration 01:28:41 - Tracking credit and stimulus in a “non-commercial” system 01:33:59 - AI, Quantum, and Biotech integration 01:45:18 - Counterbalancing industrial policy01:58:19 - Why China uses 12x more robots than prediction 02:08:52 - Why Xi doesn’t care about consumers 02:14:35 - Closing thoughts

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