American CEOs overlook China risk at their own peril

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In late March on Capitol Hill, the commander of the U.S. Indo-Pacific Command, Adm. John C. Aquilino, warned congressional leaders in clear terms of the growing military threat from the People’s Republic of China. 

He emphasized that Beijing “has continued the most extensive and rapid [military] buildup since World War II.” His words should have had clear and forceful impact across the United States, not only in the halls of Congress and around American dinner tables, but also in our C-suites and boards where American business leaders make decisions that will determine the future strength and security of the U.S. economy – and by extension, the future of our military power.

A week after Adm. Aquilino and other national defense leaders laid out a vivid update to the military challenge from China, American business leaders gathered in Beijing at the China Development Forum to explore further investment and expansion in the China market. 

Chinese President Xi Jinping meets with representatives from American business, strategic and academic communities at the Great Hall of the People in Beijing, March 27, 2024. (Shen Hong/Xinhua via Getty Images)

There, American and European corporate leaders in a variety of

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