Di Dongsheng on Winning China’s “Economic War” Against the West
"We must strive to make more friends and help these countries become richer, while making our adversaries poorer and more fragmented."
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Renmin University professor Di Dongsheng (翟东升) is perhaps best known in the West for his comments in late 2020, stating that “for the past three to four decades, we have been using [our influence] in the US's core inner circle of power”, where “we have our old friends” [我们在美国的权势核心圈,我们有我们的老朋友]. Wall Street’s declining influence on US policymaking since 2008 and, more importantly, Trump’s rise to power in 2017 had allegedly upended this favourable state of affairs for China.
However, Di continued, Joe Biden’s election meant that Beijing would regain its channels of influence in Washington. More specifically, he implied that the Biden family was effectively compromised due to Hunter Biden’s financial ties with China. He also alluded to a CCP agent in Washington who had helped him during his stay there: “an old lady with a big nose, obviously a Jew” who was the Asia president of a “top Wall Street financial in…