RUSH TRANSCRIPT Emily the ░░░░░░░░ effect of China s ░░░░░░░░ sharing app still felt ░░░░░░░░ stock plummeted after announcing ░░░░░░░░ plans to pull shares ░░░░░░░░ the New York Stock ░░░░░░░░ This could be the ░░░░░░░░ of Chinese companies forced ░░░░░░░░ abandon overseas listings Joining ░░░░░░░░ now Anja Manuel How ░░░░░░░░ didis could there be ░░░░░░░░ no one knows A ░░░░░░░░ commission estimated there are ░░░░░░░░ Chinese companies with a ░░░░░░░░ of 2 1 trillion ░░░░░░░░ trading on U S ░░░░░░░░ Didi is first but ░░░░░░░░ of the other big ░░░░░░░░ d r ss are ░░░░░░░░ Emily how much do ░░░░░░░░ think this really has ░░░░░░░░ do with Chinese national ░░░░░░░░ Anja I think that ░░░░░░░░ the reason that the ░░░░░░░░ government gives but I ░░░░░░░░ there are actually three ░░░░░░░░ that Xi Jinping and ░░░░░░░░ communist party are doing ░░░░░░░░ The first and most ░░░░░░░░ is they want to ░░░░░░░░ maintain absolute political control ░░░░░░░░ re going into a ░░░░░░░░ hard year for China ░░░░░░░░ olympics has to go ░░░░░░░░ The big communist party ░░░░░░░░ in March and of ░░░░░░░░ in October Xi Jinping ░░░░░░░░ up for an unprecedented ░░░░░░░░ term so they need ░░░░░░░░ quiet on political dissent ░░░░░░░░ I think that s ░░░░░░░░ you re seeing sweeping ░░░░░░░░ security laws that caught ░░░░░░░░ didi 10 cent lots ░░░░░░░░ others No new approvals ░░░░░░░░ online games limiting gaming ░░░░░░░░ on Chinese education companies ░░░░░░░░ s the number one ░░░░░░░░ National security as you ░░░░░░░░ I think is a ░░░░░░░░ reason And finally I ░░░░░░░░ Xi Jinping understandably he ░░░░░░░░ got this new push ░░░░░░░░ common prosperity He s ░░░░░░░░ that some of the ░░░░░░░░ billionaires have earned too ░░░░░░░░ money and it s ░░░░░░░░ the Chinese system so ░░░░░░░░ suddenly see Chinese tech ░░░░░░░░ giving billions to charity ░░░░░░░░ think those are the ░░░░░░░░ reasons you re seeing ░░░░░░░░ decoupling Emily does it ░░░░░░░░ then super charge this ░░░░░░░░ to decoupling and what ░░░░░░░░ it mean for U ░░░░░░░░ China relations after that ░░░░░░░░ we in the middle ░░░░░░░░ a giant cold war ░░░░░░░░ use a very dramatic ░░░░░░░░ Anja I m not ░░░░░░░░ I would call it ░░░░░░░░ cold war but it ░░░░░░░░ quite serious and I ░░░░░░░░ always struck by the ░░░░░░░░ between how American business ░░░░░░░░ see China which I ░░░░░░░░ is still cautiously optimistic ░░░░░░░░ what my friends in ░░░░░░░░ Biden Administration and those ░░░░░░░░ on national security see ░░░░░░░░ they see a much ░░░░░░░░ picture emily I think ░░░░░░░░ is a real concern ░░░░░░░░ Xi Jinping moving from ░░░░░░░░ to totalitarianism There s ░░░░░░░░ lot of concern about ░░░░░░░░ rights understandably so And ░░░░░░░░ though the summit you ░░░░░░░░ between President Biden and ░░░░░░░░ Xi try to put ░░░░░░░░ floor under these things ░░░░░░░░ now they re making ░░░░░░░░ we have guardrails and ░░░░░░░░ re talking about the ░░░░░░░░ issues and the idea ░░░░░░░░ there will be rapprochement ░░░░░░░░ things will get better ░░░░░░░░ things return to usual ░░░░░░░░ think is unlikely Emily ░░░░░░░░ heard the U S ░░░░░░░░ refusing to send representation ░░░░░░░░ the olympics and the ░░░░░░░░ around tennis star peng ░░░░░░░░ who accused a Chinese ░░░░░░░░ of assault and has ░░░░░░░░ Where is this going ░░░░░░░░ on the human rights ░░░░░░░░ I m quiet worried ░░░░░░░░ crackdown continues Peng shuai ░░░░░░░░ an amazing story because ░░░░░░░░ was so public and ░░░░░░░░ but people disappear in ░░░░░░░░ with frequency you just ░░░░░░░░ t hear about it ░░░░░░░░ of the senior editors ░░░░░░░░ one of the big ░░░░░░░░ papers suddenly disappeared a ░░░░░░░░ months ago for some ░░░░░░░░ criticism of a Chinese ░░░░░░░░ I don t know ░░░░░░░░ he s back yet ░░░░░░░░ this kind of stuff ░░░░░░░░ unfortunately a lot in ░░░░░░░░ regime and it doesn ░░░░░░░░ hit the front pages ░░░░░░░░ way it did with ░░░░░░░░ tennis star Emily Anja ░░░░░░░░ director of the asset ░░░░░░░░ form appreciate you working ░░░░░░░░ complex issues with us ░░░░░░░░ Thank you Coming up ░░░░░░░░ n.f.t. debate.