The ruling Chinese Communist Party, and dictator-for life Xi Jingping, deliberately seeks to downplay anything that may hinder Chinas’ economy. They know that their regime rests on an unspoken social contract with the population, which promises increasing prosperity in return for no challenges to their authoritarian control. Bluntly stated, the Chinese Communist Party leadership intentionally endangered the health of the entire planet to avoid bad publicity.
There is motive, means, and vast numbers of dead bodies in this crime against humanity by the Chinese Communist Party, and even a history of recidivism in the matter, as well as an attempt to cover up the terrible misdeed. But how to enforce justice?
In a prior dispute, the World Court at the Hague ruled against China’s invasion of the Philippine Exclusive Economic Zone. There was, however, no viable means of enforcing its decision or obtaining damages from the Beijing Communist regime, which simply refused to accept the decision.
Obviously, no one seeks to compound this China-created tragedy by using the military to punish that nation’s government. That leaves financial solutions, which hits Xi Jingping and his party at their most vulnerable spot.
There are several approaches that could be explored. China holds a vast amount of U.S. treasury bills. It also owns many assets within the U.S. and other nations. And of course, it profits heavily from trade with nations throughout the globe.
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There are other avenues as well. As Public Citizen points out, “Chinese financial interests have acquired more than $120 billion of assets in the U.S. economy since 2002. Fifteen Chinese government entities (sovereign wealth funds and state-owned enterprises) and government-connected private sectors firms account for nearly 60 percent of this activity. Major transactions have been recorded in at least 40 states and in diverse sectors. This includes more than 50 acquisitions of American assets worth at least $50 million each in 2016, a high-water mark for inbound Chinese investment.” Some have suggested these assets be confiscated or held until Beijing pays the debt it owes for the Covid crisis it created.
Other financial remedies exist as well. CSIS reports that The value of China’s exports in goods annually surpasses the amount it imports from the rest of the world. In 2018, China exported $2.49 trillion in goods while it imported $2.13 trillion. Cutting trade with China, switching to other countries for the types of goods that nation exports, would be a significant blow to the Beijing regime.
The facts are clear. In its endangerment of the world due to its horrendous record of covering up the start of new diseases, and its negligence in addressing the reasons why they occur, the Chinese Communist Party (CCP) has been a malevolent presence on the global scene. This is compounded by that entity’s massive investment in nuclear and conventional weaponry, its aggressiveness towards neighboring nations, and its predatory financial actions across the planet. It operates concentration camps against minorities within its own borders. It continues to occupy Tibet. And, of course, it violates the human freedom of its own population.
It should no longer have a vote on the U.N. Security Council or the General Assembly.
The time has come to announce that the CCP is unacceptable to the world community, and to withdraw all recognition of it as a legitimate governing entity.
Illustration: Pixabay