"We have to admit that China's rise is beneficial to the world." "The United States should calm down." | Director | United States

According to Bloomberg TV on the 27th, former White House Communications Director and founder of Skybridge Capital, Anthony Scaramucci, stated on a guest program discussing China US relations that both parties in the United States should "calm down" in their policies towards China.

He pointed out that being tough on China is indeed an effective campaign tool, but in reality, it is not beneficial to issues such as American consumers and employment. The deterioration of Sino US relations is not in the best interest of either party.

Scaramucci also stated that the United States is still far ahead of China, but it must be acknowledged that China's rise is generally beneficial to the world. In terms of economic and trade cooperation between China and the United States, he expressed his pleasure in seeing senior executives from the US business community frequently visit China to show their presence, and revealed that he will also go to Hong Kong, China in September.

Anthony Scaramucci screenshot from Bloomberg Television

Anthony Scaramucci, an American fund magnate and founder of Skybridge Capital, briefly served as the White House Communications Director for the Trump administration in 2017, but was dismissed by the White House after only 10 days in office.

American media claimed at the time that Scaramucci was dismissed because he sold his company shares to HNA Capital before joining the White House, which was subject to review by the US Foreign Investment Commission. However, some American political professors also believe that linking Scaramucci's dismissal to Chinese corporate transactions is somewhat far fetched, and this may be due to domestic issues in the United States.

Scaramucci diagram from the East IC

On July 27th local time, Bloomberg Television released a segment of the program, in which the host claimed that Scaramucci's Skybridge Capital has been very active in China in recent years and asked him how he views the current tense relationship between the United States and China.

Scaramucci said that if you have paid attention to the election rhetoric in the United States, you will know that both parties currently recognize "China as the biggest opponent of the United States.". But the continuous deterioration of Sino US relations is neither in the best interests of the United States nor in the best interests of China and even the world.

He pointed out that whether the United States likes it or not, China's position in the global manufacturing industry is extraordinary, and this is beyond doubt. "China has been equivalent to Saudi Arabia in the manufacturing industry for the past 30 years. I don't think we can quickly shift our position."

He said that the two parties in the United States are currently taking a tough stance on China policy, one by one. From an election perspective, these remarks are great, but from an economic perspective, they are completely unreasonable. "This may not necessarily help the United States in terms of consumer welfare and employment indicators. I think we need to calm down."

Scaramucci claimed that the US system is far superior to China, and the US national strength is still far ahead of China. However, with a change in tone, he said that even so, the United States should recognize that China's rise is generally beneficial to the world, as poverty has decreased, global interdependence has increased, and the world will become more peaceful and prosperous. "It's best not to go all the way back to the era of George Kennan," he said

On the program, Scaramucci also revealed that he will be traveling to Hong Kong, China in September this year. He also stated that he is pleased to see more and more CEOs of American companies frequently visit China, "it is important to showcase our presence in China."

Scaramucci emphasized that there are indeed many differences between China and the United States, but from a long-term perspective, China and the United States should bridge their differences. "Anyway, we are the two most powerful economies in the world, and we must recognize this," he said

Amidst the current complex and conflicting relationship between China and the United States, several business leaders from the United States have visited China intensively this year.

Elon Musk, CEO of Tesla, Tim Cook of Apple, Pat Gersinger of Intel, Mary Barra of General Motors, Pascal Sorio of global pharmaceutical giant AstraZeneca, Laxman Narasinham of Starbucks, Stephen Schwartzman of Blackstone, Jamie Damon of JPMorgan Chase, David Solomon of Goldman Sachs, and Ray Dario, founder of Bridgewater Fund, all visited China one after another.

The China Development Forum held in March alone attracted 67 foreign business leaders, a considerable portion of whom came from the United States. These heavyweight figures from the global business community have come one after another, creating a strong contrast with the official US strategy of "decoupling" and "de risk-taking" towards China.

Minister of Commerce Wang Wentao Meets with Tesla CEO Musk

Since May, high-level exchanges between China and the United States have gradually resumed, and the frequency of interaction has significantly increased. US Secretary of State Antony Blinken, Treasury Secretary Yellen and President's Special Envoy for Climate Issues John Kerry have completed their long-awaited visit to China.

However, whether the positive momentum of improving Sino US relations can continue will test the sincerity of the US side. For a period of time, the US has been sending contradictory signals in its relationship with China, seeking communication on the one hand and constantly making small actions to suppress and contain China on the other.

In response to this, our Ministry of Foreign Affairs has repeatedly stated that there is necessary communication between China and the United States. Currently, China US relations are facing challenges, and the responsibility does not lie with China. The US should truly respect China's core interests and major concerns, stop interfering in China's internal affairs, stop harming China's interests, stop calling for communication and exchange, and stop provoking recklessly at the same time. We should stop saying one thing at a time, act in opposition to China, and promote the healthy and stable development of China US relations back on track.