Commentary The U.S. government is issuing new warnings to business against operating supply chains that reach into Xinjiang (East Turkestan), China, where there is ongoing forced labor and genocide, as well as warnings for investors in Hong Kong, where national security laws from Beijing are criminalizing even verbal resistance to China’s growing power. The warnings should dampen undue excitement on Wall Street and Silicon Valley over ostensibly high returns to be found in China. However, given the ultimate in reprehensible crimes, that of genocide, the attempt to maintain business in China by focusing on a lesser subset of crimes, that of forced labor and lack of freedom of speech, in a geographical subset of China, Xinjiang and Hong Kong, is apparently an attempt to maintain business with a genocidal state in the rest of the territory it controls. This is wrong. The genocide is systemic to China as it is …