This hearing will examine China’s ability to project military power and influence beyond its shores, with an emphasis on the country’s development of expeditionary capabilities. An official from the U.S. Department of Defense will provide testimony on how the Administration views China’s power projection and how such capabilities further China’s plans to reorder the Indo-Pacific and other key regions to its advantage. The first panel of experts will explore why and how China is developing expeditionary capabilities, with a focus on the Belt and Road Initiative (BRI) as a vehicle for testing and justifying these capabilities. The second panel will focus on the ‘‘nuts and bolts’’ of China’s expeditionary capabilities, including the PLA’s efforts to improve its logistics organization and expand its access to overseas bases. The third panel will examine how China’s activities in South and Southeast Asia, Africa, and Latin America and the Caribbean further its development of expeditionary capabilities.
The U.S.-China Economic and Security Review Commission’s first hearing in 2020 will examine the internal dynamics of China’s financial system; China’s increasingly rapid integration into global financial markets; and the risks this poses to U.S. investors and savers. The first Panel examines China’s overall capital requirements and systemic challenges to raising new capital. The second panel identifies and evaluates methods different actors in the Chinese economy use to raise capital and access financing. The third panel is designed to assess the exposure of U.S. investors to the growing integration of Chinese securities into global capital markets, with a particular emphasis on index inclusions and Chinese companies’ engagement with U.S. equities markets.