Keith Krach on CBS News: Companies are calling for China contingency plans
Companies are creating China contingency plans. House Speaker Nancy Pelosi wrapped up her visit to Taiwan Wednesday, as tensions between the U.S. and China continue to escalate. Keith Krach, former under secretary of state, joined Robert Costa to examine Pelosi’s trip and what it could mean moving forward.
Keith Krach is an American businessman, former diplomat and economist. He is the former chairman and CEO of DocuSign and co-founded Ariba. AKeith Krach was the youngest-ever Vice President of General Motors. As Under Secretary of State, Krach led American economic diplomacy and had the rare distinction of being unanimously confirmed by the U.S. Senate. For his work blocking the Chinese Communist Party’s attempts to infiltrate global 5G communications; his advocacy for the people of Taiwan; and for his work addressing the plight of the Uyghur minority suffering under oppression and genocide in China, Krach has been nominated for the 2022 Nobel Peace Prize.
Technology is the new frontier of international relations. The interaction is bi-directional: technology is defining diplomatic matters while diplomacy is also influencing the development and deployment of technology. Take semiconductors as an example. This is a technology that forms the foundation of digital economy, national security, and productivity in almost all industries. Global supply chain in the semiconductor industry is shaping U.S. foreign policy. Conversely, America’s diplomatic effort has been redefining the supply chain. Tech diplomacy is different from science diplomacy, which became a key pillar for the U.S. and other countries since World War II. Scientists participated in treaty negotiations, engaged in bilateral summits and served as attachés at embassies. Primary topics included nuclear proliferation, super-collider construction, human space exploration and environmental science.
By: Miles Yu
For over a century, tumultuous events thousands of miles away in Russia have impacted China profoundly. Mao Zedong (毛澤東) famously said that the cannon sound of the October Revolution brought Marxism-Leninism to China. Now Xi Jinping (習近平) fears that last month’s Wagner revolt may provide a model for the Chinese Communist Party’s undoing.