Global Efforts Against CCP in May 2022: Summary and Analysis

From May 1st to May 31st, 2022, 16 measures, including one sanction, were taken by the international community to restrain the Chinese Communist Party (CCP), with 15 coming from the U.S. and one from Canada, all falling into three categories:
1.) The delisting of Communist China’s Concept Stocks Under the Holding Foreign Companies Accountable Act, the U.S. Securities and Exchange Commission (SEC) placed more than 100 Communist China’s firms in four batches on the pre-delisting list and the confirmed delisting list. As of May 31st, 20 Communist China’s firms, including Lufax, have been added to the SEC’s pre-delisting list, and another 128, including Weibo and Baidu, have been confirmed to be delisted.
2.)Taiwan Security In regards to Taiwan’s security, the U.S. has taken six measures to clearly signal to Beijing that it is committed to Taiwan’s support. These actions include: Introduction of Taiwan Peace through Strength Act and Taiwan Security Enhancement Act; Legislation of the Bill to regain Taiwan’s observer status at the World Health Organization (WHO) as a federal law. President Biden’s commitment to military protection for Taiwan; The statement of Secretary of State Blinken calling on the WHO to invite Taiwan to attend the WHO conference; A three-day visit to Taiwan by a US delegation led by the US Congress Senator Duckworth.
3.) Formation of the strategy and alliance to counter the economic influence of the CCP During the visit to Japan, President Biden officially launched the Indo-Pacific Economic Framework (IPEF) to counter Communist China, with the U.S., Australia, Brunei, and 13 other countries in the Indo-Pacific region as founding members. Secretary of State Blinken was invited to deliver a major speech on Communist China policy at George Washington University.
The global community’s actions against the CCP in May demonstrate: The CCP is indeed a threat to the U.S. and rest of the world; Supporting and protecting democratic Taiwan has become a global consensus; Bills against the CCP are being constantly introduced; Besides unilateral measures to weaken the economic influence of the CCP with sanctions against Communist China’s firms, an economic alliance and strategic policy have been formed to encircle and counterbalance the CCP.

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Translator: MOS Translation Team – Eleutheria Lee
Design&editor: HBamboo(昆仑竹)

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