Have deputy secretary of state Steven Biegun here to testify. Originally planned to hold this hearing back in march but the need to focus on covid19 prevented us from doing that even as we continue to address the pandemic and the impact on the u. S. Citizens. It is important this can many continue it to work on the most pressing Foreign Policy challenges and obviously chinas one of those. This is especially the case and the topic we are discussing today is a Trump Administration is correctly recognized china as a strategic and global pedant competitor of the United States it will be the greatest foreignpolicy challenge in the decades to come. The policies of the Chinese Communist partys undermined u. S. Interests and values including those we share with allies and partners around the world. Covid19 has brought this challenge to the fore front of american lyford we now know just how much the Chinese Communist partys decisions and actions directly affect u. S. Citizens, our allies and pa
Focusing on covidien team prevented us from doing that even as we continue to address the pandemic and its impact on us citizens it is important we continue the work on most pressing foreignpolicys challenges in china is one of those especially the case with today is the Trump Administration has recognized china is a strategic and global competitor to the United States will be the greatest form policy challenge United States bases in the decades to come the policy of the Chinese Communist party undermine us interest and values including those we share with allies and partners around the world t t. Covid19 has brought this challenge to the forefront of American Life to know just how much the Chinese Communist partys decisions and actions directly affect us citizens our allies and partners in the entire world and we know the pandemic will not stop their behavior whether hong kong the South China Sea or the border the last three years the Trump Administration has tried to put the United S
Committee in january of 2019 and i quote, the United States and the world will remain vulnerable to the next pandemic where large scale outbreak of contagious disease that could lead to massive rates of death and disability, severely affect the world economy, strain international resources, and increase calls from the United States for support. We must ask ourselves what are the warnings and what can we do right now to protect the American People from other threats. Before the unthinkable happens in the future, how can we exercise strategic and precisive foresight to the best of our ability today to ensure are a nation prepared for tomorrow. That same worldwide threat assessment Cyber Attacks is a top global threat with china, russia, iran, and north korea. Raging a silent war capable of shutting down with such Information Systems and critical sectors in america. The report states, and i quote, our adversaries and strategic competitors increasingly use the Cyber Capabilities including
Of moved on you cannot make news and company news which is really been driving stocks over the past several hours the other reason is really that investors have sort of come down on the a say that theres really going to be a war between iran and the u. S. So irans economy has already been really devastated by u. S. Sanctions that a lot of investors dont think that they really want to be entering a war with us right now so there is a lot more optimism that they wont be heading towards a conflict but there still is a lot of. Anxiety and markets even though its on the back burner today that there will be more of a tell you coming forward so investors are so sort of keeping an eye out for the. Because it will in the infant thank you. So there might not be an all out shooting war but investors around the world are keeping an eye on tensions between america and iran with a special focus on how american businesses could become a target for iranian revenge attacks and its not about bombs iran
Throughout the day one of the reasons for that is that simply there hasnt been any any real news from iran in particular they have you know about to retaliate but they havent taken any action and so markets have sort of moved on to Economic News and company news which is really been driving stocks over the past several hours the other reason is really that investors have sort of come down on the a side that there is really going to be a war between iran and the u. S. So irans economy has already been really devastated by u. S. Sanctions and a lot of investors dont think that they really want to be entering a war with the u. S. Right now so there is a lot of more optimism that they wont be heading towards a conflict that there still is a lot of. Anxiety and markets even though its on the backburner today that there will be more of a tell you coming forward so investors are so sort of keeping an eye out for the. Just delaying the infant thank you. So it might not be an all out shooting w