Friday, February 26, 2021

Is the U.S. Arming an Adversary, China, Intent on Overpowering Us?

Many US investors have been scammed by investments in Chinese companies.

To grow, China depends on massive inflows of capital that surge through the capital markets based in the U.S. The Trump administration made several moves during its term to delist Chinese companies that are not forthcoming about who really owns them and what businesses they are really engaged in.

Trump's moves towards forcing Chinese companies to conform to the financial transparency required of other companies was a great start -but if they are to work, these policies must be continued and even strengthened by the Biden administration.

First, many US investors have been scammed by investments in Chinese companies.

In a speech at Hillsdale College, Robinson pointed out that China has more than 700 companies in U.S. stock and bond markets or capital markets.

So we have capital markets which freely trade the shares of companies that have violated international sanctions, sold our adversaries advanced ballistic missiles, armed the PLA, and helped militarize the fabricated new islands in the South China Sea.

Removing any favorable treatment for Chinese companies from the required regulatory paperwork that other companies must supply is just the beginning.

https://www.gatestoneinstitute.org/17054/us-arming-china 

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