Subscribe
Nancy Pelosi during a Bloomberg Television interview in Venice, Italy, on Thursday, Aug. 31, 2023.

Nancy Pelosi during a Bloomberg Television interview in Venice, Italy, on Thursday, Aug. 31, 2023. (Francesca Volpi/Bloomberg )

Former U.S. House speaker Nancy Pelosi says relations between the U.S. and China are hindered by a lack of "shared values" between leaders even if the world's two largest economies must reach accommodations on behalf of a "shared planet."

Pelosi, a longtime critic of the Chinese government, offered a harsh assessment of it and U.S.-based multinationals that invest there a day after Commerce Secretary Gina Raimondo completed a visit intended to strengthen U.S. ties with Beijing.

Pelosi said the Beijing government "violated almost every trade standard" and criticized its treatment of ethnic and religious minorities as well as its role contributing to proliferation of weapons of mass destruction in a Bloomberg Television interview with Francine Lacqua for the "Leaders With Lacqua" program.

Pelosi, one of the most prominent women in U.S. politics, taped the interview Thursday in Venice before she was to deliver remarks at the DVF Awards, established by Diane von Fürstenberg to recognize extraordinary women.

Pelosi provoked a furious reaction from Beijing last year when she became the first U.S. House speaker to visit Taiwan in nearly 30 years. Her trip was followed by the People's Liberation Army holding unprecedented military drills around the island of 23 million people, exercises that included missiles flying overhead.

Pelosi's remarks "are a distortion and miscalculation of China's policy toward the U.S. and are not aligned with the facts," Chinese Foreign Ministry spokesman Wang Wenbin said Friday at a regular press briefing in Beijing.

Beijing hoped Washington would "jointly steer China-U.S. relations back on the track of stable development," he added.

Amid signs of financial upheaval in China, she said she took no relish in a weakening economy there because of the human toll. But she condemned the U.S. trade deficit with China as "an immorality" and the willingness of U.S. companies to profit from doing business there despite the regime's rights abuses.

"Money really has been a sad factor in all of this," Pelosi said. "Corporate America has said mostly we don't care about human rights."

Pelosi also reiterated in the wide-ranging interview that she intends to complete her two-year term representing her San Francisco-based congressional district.

"Absolutely, positively - no question about that," Pelosi said, dismissing speculation she might resign early to take an ambassador post.

Pelosi, ever the partisan leader, brushed off a question on which Republican presidential candidate she might prefer - "I'm not into Republican politics" - but described her former nemesis, Donald Trump, as a cancerous influence on the GOP.

She said she often tells Republicans, "Take back your party. America needs a strong Republican Party." That, she said, can only happen when the GOP emerges from "the malignancy of Trump."

Bloomberg's Allen Wan and Philip Glamann contributed to this report.

Sign Up for Daily Headlines

Sign up to receive a daily email of today's top military news stories from Stars and Stripes and top news outlets from around the world.

Sign Up Now