Krach to CEOs: Present your China Contingency Plan
Krach Institute for Tech Diplomacy at Purdue02.28.23
As the world watches the unprovoked and bloody invasion of Ukraine, more than 300 of the West’s most prominent corporations are frantically curtailing or withdrawing their business from Russia.
But for a far broader set of companies, there’s a much more dangerous threat looming on the horizon: Russia’s totalitarian twin and closest military and economic ally–China.
It does not take a Ph.D. in international affairs to understand the common threads that underpin the China-Russia partnership. Both governments are known for lawless behavior, duplicity, bullying, domestic oppression, coercive economic practices, and grave human rights abuses.
It’s no surprise the tech giants that form the backbone of China’s surveillance state–such as Huawei, Alibaba, Tencent, and Xiaomi–are still happily doing business in Russia.
Letter From Under Secretary Keith Krach to the Governing Boards of American Universities
Studies have shown that the majority of the U.S. university endowment fund portfolios own PRC stocks listed on American exchanges either directly or indirectly through emerging markets index funds.
Communist Chinese Military Companies Listed Under E.O. 13959 Have More Than 1,100 Subsidiaries
Citizens around the world are waking up to the truth about the CCP’s three-prong strategy of concealment, co-option, and coercion. The CCP’s concealment of the virus resulted in the pandemic, its co-option of Hong Kong has eviscerated the freedoms of its citizens, and its relentless coercion of the Uyghur people has continued in the brutal internment camps of Xinjiang.