China Considered

• Venture Capital in China with Gary Rieschel

  Dr. Elizabeth Economy sits down with Gary Rieschel to discuss his two decades-plus working in venture capital in China, his experience starting his own firm, Qiming Venture Partners, in the country, and the evolution of the business and entrepreneurial space in the 21st century. Rieschel illustrates the early challenges in the VC sector, from a lack of infrastructure and difficulty in finding reliable partners to being part of a successful VC landscape that boomed in China during the late 2000s and 2010s. Economy and Rieschel then touch on the involvement of the government in the industry; from the problem with using State Owned Enterprises, how the government issues directives to shape the technology used in the business, and the eventual crackdown on private enterprise in China under Xi Jinping. The two conclude with a discussion of the current landscape of US-China relations and what the United States can best do to compete in a new era. ABOUT THE SPEAKERS Gary Rieschel is the Founding Managing Partner of Qiming Venture Partners, a firm he launched in Shanghai in 2006. Qiming invests in Technology and Consumer (T&C) and Healthcare and has over 100 staffs in China and the U.S. Qiming has $9.5 billion USD in capital raised with many of their portfolio companies being some of today’s most influential firms in their respective sectors.  Prior to founding Qiming, Mr. Rieschel was a senior executive at Intel, Sequent Computer, Cisco Systems, and Softbank Corporation. Gary started his VC career by creating Softbank’s U.S. venture group in 1995 (SBVC), and while at Softbank he invested in twelve companies which grew to over $1B USD in market capitalization and served on Softbank’s board of directors. Gary was early in the emergence of venture capital in China, through sponsoring and founding several of China’s early VC firms, including Softbank China Ventures (2000), SAIF Partners (2001), and Ceyuan Ventures (2004), before moving to China to create Qiming. Elizabeth Economy is the Hargrove Senior Fellow and co-director of the Program on the US, China, and the World at the Hoover Institution. From 2021-2023, she took leave from Hoover to serve as the senior advisor for China to the US Secretary of Commerce. Before joining Hoover, she was the C.V. Starr Senior Fellow and director, Asia Studies at the Council on Foreign Relations. She is the author of four books on China, including most recently The World According to China (Polity, 2021), and the co-editor of two volumes. She serves on the boards of the National Endowment for Democracy and the National Committee on US-China Relations. She is a member of the Aspen Strategy Group and Council on Foreign Relations and serves as a book reviewer for Foreign Affairs.   FOLLOW OUR GUEST ON SOCIAL MEDIA Follow Gary Rieschel on X: @GaryRieschel ABOUT THE SERIES China Considered with Elizabeth Economy is a Hoover Institution podcast series that features in-depth conversations with leading political figures, scholars, and activists from around the world. The series explores the ideas, events, and forces shaping China’s future and its global relationships, offering high-level expertise, clear-eyed analysis, and valuable insights to demystify China’s evolving dynamics and what they may mean for ordinary citizens and key decision makers across societies, governments, and the private sector.

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• Inside China’s Business World with Patrick Jenevein

  Dr. Elizabeth Economy sits down with Patrick Jenevein to discuss his career in the energy industry in China, the outlook for foreign individuals and companies seeking to do business in the country, and his new book - Dancing with the Dragon. Jenevein, who worked in the country for more than 20 years, recounts a collection of stories ranging from one of his company’s first deal in the country’s far west, negotiating with one of Deng Xiaoping’s top advisers to detailing the frustrations that eventually led him to leave the country.   Recorded on March 26, 2025. ABOUT THE SPEAKERS Patrick Jenevein serves as the chief executive at Pointe Bello, an intelligence-driven strategy development firm that provides pioneering open-source intelligence to governmental and commercial bodies on the People’s Republic of China’s (PRC) economic statecraft activity worldwide. Prior to launching Pointe Bello, he co-founded Tang Energy Group and, partnering with PRC state-owned enterprises, developed several businesses in the power-generating and electrical infrastructure sectors, including power plants, wind farms, and a manufacturer of wind turbine blades. Jenevein is a graduate of Davidson College, a Council on Foreign Relations Life Member, and past Chairman of the Dallas Committee on Foreign Relations. Elizabeth Economy is the Hargrove Senior Fellow and co-director of the Program on the US, China, and the World at the Hoover Institution. From 2021-2023, she took leave from Hoover to serve as the senior advisor for China to the US secretary of commerce. Before joining Hoover, she was the C.V. Starr Senior Fellow and director, Asia Studies at the Council on Foreign Relations. She is the author of four books on China, including most recently The World According to China (Polity, 2021), and the co-editor of two volumes. She serves on the boards of the National Endowment for Democracy and the National Committee on US-China Relations. She is a member of the Aspen Strategy Group and Council on Foreign Relations and serves as a book reviewer for Foreign Affairs.   FOLLOW OUR GUEST ON SOCIAL MEDIA Follow Patrick Jenevein on LinkedIn: Patrick Jenevein ABOUT THE SERIES China Considered with Elizabeth Economy is a Hoover Institution podcast series that features in-depth conversations with leading political figures, scholars, and activists from around the world. The series explores the ideas, events, and forces shaping China’s future and its global relationships, offering high-level expertise, clear-eyed analysis, and valuable insights to demystify China’s evolving dynamics and what they may mean for ordinary citizens and key decision makers across societies, governments, and the private sector.

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• Rivalry Redefined: US-China Strategy in a Shifting World with Matthew Turpin

  Dr. Elizabeth Economy sits down with Matthew Turpin to discuss his road to becoming a China specialist, the US government’s strategy to compete with China, the role of China and the United States in international institutions, and the likelihood of a deal between President Trump and President Xi over the next four years. Turpin describes how his path led him from a European History major at West Point, to Indo-Pacific Command and eventually to working on China strategy at the Pentagon and White House. The two experts discuss how US policy towards China has evolved, with Turpin illustrating how the goals of multiple Presidential administrations to help the Chinese economy develop were at odds with the increasing risk the PRC and Xi Jinping posed to American security. Economy and Turpin then shift to discussing the present-day dynamics between the two Great Powers; discussing the role of allies, whether international institutions are effective and still serve American interests, and how a new era in US-Russia relations may affect the relationship between the United States and China. Recorded on March 12, 2025. ABOUT THE SPEAKERS Matthew Turpin is a visiting fellow at the Hoover Institution, specializing in US policy towards the People’s Republic of China, economic statecraft, and technology innovation. He is also a senior advisor at Palantir Technologies. From 2018 to 2019, Turpin served as the US National Security Council’s Director for China and the Senior Advisor on China to the Secretary of Commerce.  In those roles, he managed the interagency effort to develop and implement US Government policies on the People’s Republic of China.  Before entering the White House, Turpin served over 22 years in the US Army in a variety of combat units in the United States, Europe, and the Middle East and as an assistant professor of history at the United States Military Academy at West Point.  He retired from the Army in 2017. From 2013 to 2017, he served as an advisor in the People’s Republic of China to the Chairman and Vice Chairman of the Joint Chiefs of Staff in the Pentagon and was assigned to assist the Deputy Secretary of Defense with the Defense Innovation Initiative, a program to examine the implications of great power competition on the Department of Defense and the role of innovation in US defense policy. Elizabeth Economy is the Hargrove Senior Fellow and co-director of the Program on the US, China, and the World at the Hoover Institution. From 2021-2023, she took leave from Hoover to serve as the senior advisor for China to the US secretary of commerce. Before joining Hoover, she was the C.V. Starr Senior Fellow and director, Asia Studies at the Council on Foreign Relations. She is the author of four books on China, including most recently The World According to China (Polity, 2021), and the co-editor of two volumes. She serves on the boards of the National Endowment for Democracy and the National Committee on US-China Relations. She is a member of the Aspen Strategy Group and Council on Foreign Relations and serves as a book reviewer for Foreign Affairs.   FOLLOW OUR GUEST ON SOCIAL MEDIA Find Matthew Turpin on Substack: China Articles Follow Matthew Turpin on LinkedIn: Matthew Turpin ABOUT THE SERIES China Considered with Elizabeth Economy is a Hoover Institution podcast series that features in-depth conversations with leading political figures, scholars, and activists from around the world. The series explores the ideas, events, and forces shaping China’s future and its global relationships, offering high-level expertise, clear-eyed analysis, and valuable insights to demystify China’s evolving dynamics and what they may mean for ordinary citizens and key decision makers across societies, governments, and the private sector.

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• China, the US and the Future of Democracy with Christopher Walker

  Dr. Elizabeth Economy sits down with NED’s Christopher Walker to discuss the importance of democratic systems, how they benefit a given country’s citizens, and the challenges democracy faces in a new era. Walker argues that political rights often lead to economic prosperity and while China is one of the few countries where that does not apply, he states that China’s fastest period of economic growth came during a period of liberalization. Walker and Econony discuss the threat China poses in seeking to spread its repressive political system abroad, touching on the PRC censorship abroad, and the country’s desire to reshape international institutions and shape the information and idea realm globally. The two conclude by touching on the importance of continuing to support free and prosperous democracies despite the many challenges being faced. Recorded on February 20, 2025. ABOUT THE SPEAKERS Christopher Walker is Vice President for Studies and Analysis at the National Endowment for Democracy, an independent, nonprofit, grant-making foundation supporting freedom around the world. Walker oversees the multidimensional department that is responsible for NED’s analytical and thought leadership efforts, which pursues its goals through several interrelated initiatives: the leading edge work of the International Forum for Democratic Studies, which uses an interdisciplinary approach to map and explore critical themes relating to democratic development, including in the modern information and emerging technology spheres; the Journal of Democracy, the world’s leading publication on the theory and practice of democracy; the Reagan-Fascell fellowship program for international democracy activists, media professionals, and scholars; and the Center for International Media Assistance that is dedicated to improving efforts to promote independent media in emerging democracies and developing economies around the world. Prior to joining the NED, Walker was Vice President for Strategy and Analysis at Freedom House. Walker has testified before legislative committees in the U.S. and abroad, appears frequently in the media, and frequently conducts briefings on critical issues relating to democratic development. He has been at the forefront of the thought leadership on modern authoritarian influence on open political systems, including through the exertion of sharp power, a concept he and his colleagues developed. Elizabeth Economy is the Hargrove Senior Fellow and co-director of the Program on the US, China, and the World at the Hoover Institution. From 2021-2023, she took leave from Hoover to serve as the senior advisor for China to the US secretary of commerce. Before joining Hoover, she was the C.V. Starr Senior Fellow and director, Asia Studies at the Council on Foreign Relations. She is the author of four books on China, including most recently The World According to China (Polity, 2021), and the co-editor of two volumes. She serves on the boards of the National Endowment for Democracy and the National Committee on U.S.-China Relations. She is a member of the Aspen Strategy Group and Council on Foreign Relations and serves as a book reviewer for Foreign Affairs.   FOLLOW OUR GUEST ON SOCIAL MEDIA China Beige Book on X: Christopher Walker Leland Miller on LinkedIn: Christopher Walker ABOUT THE SERIES China Considered with Elizabeth Economy is a Hoover Institution podcast series that features in-depth conversations with leading political figures, scholars, and activists from around the world. The series explores the ideas, events, and forces shaping China’s future and its global relationships, offering high-level expertise, clear-eyed analysis, and valuable insights to demystify China’s evolving dynamics and what they may mean for ordinary citizens and key decision makers across societies, governments, and the private sector.

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• Beyond the Data: China’s Economy with Leland Miller

  In a wide-ranging conversation, Dr. Elizabeth Economy and Leland Miller talk about his experiences running China Beige Book, his insights on the Chinese economy, and conclude with a discussion about the Trump Administration’s trade policy. Miller discusses the early skepticism surrounding the China Beige Book and the process of transforming it into a valuable tool that gathers data from across the Chinese economy while serving as an independent “check” to the Chinese government. He provides insight into the methodology used, from conducting thousands of surveys within China, to looking at labor, manufacturing, and market data which altogether provide a unique view of the Chinese economy and at times, run against the consensus. The two then transition to a conversation on the Trump Administration, having a nuanced discussion on how tariffs and a reshaping of US trade policy affect both the domestic and global economy.  Recorded on February 12, 2025. ABOUT THE SPEAKERS Leland Miller is the co-founder and CEO of China Beige Book. Before co-founding China Beige Book in 2010, Leland was a capital markets attorney based out of New York and Hong Kong and worked on the deal team at a major investment bank. He holds a law degree from the University of Virginia School of Law, where he was Hardy C. Dillard fellow and editor-in-chief of the International Law Journal; a master’s degree in Chinese History from Oxford University; a BA in European History from Washington & Lee University; and a graduate Chinese language fellowship from Tunghai University (Taiwan). A noted authority on China’s economy and financial system, he is a frequent commentator on media outlets such as CNBC, Bloomberg TV, CNN, and FOX Business, and he has served as guest host of two of the financial world’s top morning news shows, CNBC Squawk Box and Bloomberg Surveillance. His work is featured regularly in the Wall Street Journal, New York Times, Financial Times, Washington Post and many others. Elizabeth Economy is the Hargrove Senior Fellow and co-director of the Program on the US, China, and the World at the Hoover Institution. From 2021-2023, she took leave from Hoover to serve as the senior advisor for China to the US secretary of commerce. Before joining Hoover, she was the C.V. Starr Senior Fellow and director, Asia Studies at the Council on Foreign Relations. She is the author of four books on China, including most recently The World According to China (Polity, 2021), and the co-editor of two volumes. She serves on the boards of the National Endowment for Democracy and the National Committee on U.S.-China Relations. She is a member of the Aspen Strategy Group and Council on Foreign Relations and serves as a book reviewer for Foreign Affairs.   FOLLOW OUR GUEST ON SOCIAL MEDIA China Beige Book on X: China Beige Book Leland Miller on Linkedin: Leland Miller ABOUT THE SERIES China Considered with Elizabeth Economy is a Hoover Institution podcast series that features in-depth conversations with leading political figures, scholars, and activists from around the world. The series explores the ideas, events, and forces shaping China’s future and its global relationships, offering high-level expertise, clear-eyed analysis, and valuable insights to demystify China’s evolving dynamics and what they may mean for ordinary citizens and key decision makers across societies, governments, and the private sector.

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