Tim Cook of Apple and financier Ray Dalio should register as agents for China, US panel hears
- US-China Economic and Security Review Commission, an advisory panel, is told that the business executives ‘kowtow’ to Beijing
- Other suggestions include setting up an ‘Economic Nato’ composed of democratic countries with free markets to supersede the World Trade Organization
Apple chief executive Tim Cook and financier Ray Dalio should register as foreign agents because of their operations in China, a US advisory body was told on Thursday, along with other drastic recommendations for trade and investment restrictions.
Speaking before the US-China Economic and Security Review Commission, witnesses also pushed for an “Economic Nato”, or ENato – a trading bloc that would be made up of democratic countries with free-market systems – and a crackdown on US investment in China.
The app, HKmap.live, crowdsourced the locations of police and anti-government protesters.
“This infuriated Beijing … and within two days the app was out of the App Store. This power of Chinese to capture foreign US corporations is very important and something that we need to respond to,” Preskowitz, a counsellor to the commerce secretary during the Reagan administration, said.
“Tim Cook knows, Ray Dalio knows, that if they get a little bit out of line with what Beijing wants, oh gee, the electricity could go off.”
