Chinese Aggression

Senate passes bill removing rogue Chinese firms from US stock exchanges

The U.S. Senate has passed a bill boosting oversight of companies based in China and other nations that could lead to their removal from American stock exchanges. The vote on the measure, introduced more than a year ago by Sens. John Kennedy, R-La., and Chris Van Hollen, D-Md., comes as Congress and the Trump administration seek ways to punish Beijing for its initial handling of the COVID-19 pandemic. First identified in the Chinese province of Wuhan, the disease has infected 4.9 million people and killed more than 324,000. Efforts to curb its spread have halted global growth and sent unemployment in the U.S. spiking to nearly 15 percent, the highest since the Great Depression. The legislation’s focus on Chinese stocks stems from pre-virus concerns that Chinese firms listed on America’s exchanges are currently not subject to the same investor protection rules and accounting standards as U.S. companies, leaving small retail investors facing a higher risk of fraud. The bill, which passed on Wednesday, says that if the Public Company Accounting Oversight Board — a nonprofit established by Congress after the WorldCom and Enron scandals of the early 2000s — is denied access to a foreign stock issuer’s books for three years, the Securities and Exchange Commission will prohibit trading in the shares on U.S. exchanges. The legislation tells all the companies in the world that “if you want to list on an American exchange, you have to submit an audit and the SEC has the right to look at that audit, and audit the audit,” Kennedy said on the Senate floor. “And if you refuse not once, not twice, but three times — if over a three-year period, each of those three years, the company says, ‘You cannot audit my audit,’ then they can no longer be listed.” To become law, the measure titled the Holding Foreign Companies Accountable Act would still have to be approved by the Democratically-controlled House of Representatives and signed by the president. “After a decade of pounding the tables on the issue of China companies defrauding U.S. investors, we are encouraged to see this bill pass the Senate and we hope it becomes law,” Carson Block, short-seller and founder of Muddy Waters Research, told FOX Business in an emailed statement. “By listing in the U.S., these companies have ready access to U.S. retail investors’ money, and so long as China effectively remains a rogue country for U.S. securities regulation, its companies should not have access to our markets.” Fradulent listings of Chinese companies on U.S. markets have cost investors billions of dollars over the past decade. There were 156 Chinese companies listed on U.S. Exchanges worth $1.2 trillion as of Feb. 25, 2019, according to the U.S.-China Economic and Security Review Commission. Just this week, Luckin Coffee, the Xiamen, China-based beverage chain, received a delisting notice from Nasdaq after the company’s chief operating officer was found last month to have fabricated as much as $310 million in sales in 2019. Luckin shares debuted on the Nasdaq at $17 apiece on May 16, 2019, and reached a high of $50.02 on January 17, valuing the Starbucks challenger at as much as $12.02 billion. Its value had plummeted to below $700 million on Wednesday. China just needs to be “responsible and there needs to be no double standards,” Sen. Martha McSally, R-Ariz., told FOX Business’ Neil Cavuto on Wednesday. “If a U.S. company has to meet certain requirements and auditing to be on the New York Stock Exchange, shouldn’t we ask that of Chinese companies as well?”

Kudos to the Senate for FINALLY passing this important piece of legislation.  Now it goes to the Dem-controlled House…and God only knows what’ll happen with it there…

Frank Gaffney: Make the Chinese Communists Play by Our Rules

One of the dirtiest little secrets about the Chinese Communist Party (CCP) and its success in amassing immense power to oppress its own people and increasingly to threaten ours has just been exposed by President Donald Trump: We have been underwriting and, thereby, enabling it. In a decision last week, Mr. Trump – to his great credit – made plain this outrage and took a vital first step towards ending it. Now, we must finish the job. The urgently needed impetus to do that was provided when Donald Trump intervened personally to prevent the federal Thrift Savings Plan (TSP) from investing an estimated $4.5 billion in CCP companies currently registered in, and transferring immense wealth from, our capital markets to pay for their activities on behalf of “the motherland.” Some of those malevolent activities include providing the means by which the Party is able to monitor all aspects of the lives of 100 million Christians – and countless Uighur Muslims, Tibetans, Buddhists, and other Chinese – and to use such data brutally to repress them. Other CCP corporations selling stocks and bonds on Wall Street build weapons designed to kill our men and women in uniform. Some of them are being bought to destroy the rest of us and our country. Some of the Chinese companies raising money in our capital markets have actually been sanctioned by the U.S. government. Unbelievably, it may be illegal to do business with them, but it’s not illegal to invest Americans’ pension funds, college endowments, and personal savings so as to allow such proliferators and human rights violators to continue doing business. Fortunately, in executing the President’s stand-down order to the board that oversees the Thrift Savings Plan, National Economic Council Chair Lawrence Kudlow and National Security Advisor Robert O’Brien implicitly made clear in writing why it is unacceptable to have CCP companies like these getting money from any Americans, not just federal government employees, past and present, and their military counterparts: This action would expose the retirement funds to significant and unnecessary economic risk. And it would channel federal employees’ money to companies that present significant national security and humanitarian concerns because they operate in violation of U.S. sanction laws and assist the Chinese Government’s efforts to build its military and oppress religious minorities. […] The financial impact of this risk is significant: scandals involving Chinese companies in recent years have cost investors billions of dollars. Then, Messers. Kudlow and O’Brien explained how this could possibly be happening: “The Chinese government currently prevents companies with Chinese operations listed on U.S. exchanges from complying with applicable U.S. securities law, leaving investors without the benefit of important protections.” The trouble is that, to date, the institutions American and other investors the world over rely upon to provide such protections and, in so doing, make our capital markets secure and attractive – namely, the Securities and Exchange Commission (SEC) and the Public Company Accounting Oversight Board (PCAOB) – have allowed the Chinese Communist Party to get away with refusing to play by our rules. Until now. What should have been unacceptable conduct thus far, is today – especially in the wake of the CCP virus and the other, burgeoning evidence of Communist China’s enmity towards us –intolerable. Consequently, 51 former senior U.S. government officials and legislators, influential financial sector figures, China experts, religious leaders, and other patriots have just issued an open letter urging that President Trump’s logic in the microcosmic TSP case be applied to the nation’s capital markets more broadly. Signatories of the open letter organized by the Committee on the Present Danger: China (CPDC) and sent on May 17th to SEC Chairman Jay Clayton and PCAOB Chairman William Duhnke wrote (emphasis in the original throughout): We welcome the President’s decision and strongly second the concerns he has rightly expressed about the lack of transparency, PCAOB covered audits and material risk disclosure by Chinese companies in our capital markets. The Chinese Communist Party’s claims that corporate financials and other such data are “state secrets” only raise further questions about the advisability of giving its corporations a pass on conforming to the same statutory and regulatory standards that registered American companies are required to meet. Put simply, Chinese companies are today receiving preferential treatment over their American corporate counterparts on your watch. […] The country needs strong leadership on this issue now. We believe President Trump has defined the requirements for Chinese companies to enjoy the benefits of having access to our capital markets. It is up to you both to enforce these requirements and genuinely protect American investors, as well as our national security and fundamental values, by ensuring that the risks associated with investing in Chinese Communist Party-tied securities registered with the SEC and listed on U.S. capital markets are as transparent and disclosed as are those of the registered securities of American corporations. Federal regulators must heed this urgent call for ending the preferential treatment they have thus far accorded Chinese Communist Party companies. Otherwise, similar, bipartisan efforts in Congress – notably those being mounted by Senate Banking Committee members John Kennedy (R-LA) and Chris Van Hollen (D-MD) – will likely shortly compel them to do so. By acting voluntarily and promptly to make the Communist Chinese companies play by our rules, Messrs. Clayton and Duhnke and their respective institutions will make a signal contribution to performing their statutory duties of protecting the integrity of our capital markets and prevent real reputational harm to U.S. exchanges that, as the open letter put it, “have long been and must remain the gold-standard for the financial world.”

Agreed!!   Thanks to Frank J Gaffney for that very enlightening, yet sobering, op/ed.  Frank is a former Asst Sec. of Defense under President Ronald Reagan, and is currently the Vice Chairman of the Committee on the Present Danger: China.  Excellent!!   🙂

Texas fears losing oil-rich lands in Chinese takeover of weakened energy companies

Plunging prices have wreaked havoc on Texas oil companies struggling to avoid a wave of bankruptcies that has ravished the industry during the past five years, leaving them ripe takeover targets for rivals from China and elsewhere. Ninety-eight exploration and production companies in Texas with $75.7 billion of debt filed for bankruptcy from 2015 through 2020, according to the international law firm Haynes and Boone. That number is expected to grow even larger after West Texas Intermediate crude oil prices plunged 52 percent this year as stay-at-home orders designed to slow the spread of COVID-19 wiped out 30 million barrels per day of demand while Saudi Arabia and Russia ramped up production amid a price war. The companies’ vulnerability to foreign buyers raises the risk that the U.S. might lose control over valuable oil-producing lands in the Permian Basin, a swath of land in western Texas and southeastern New Mexico that helped the country become the world’s largest crude producer amid a shale boom. “We have discovered this volume of natural gas and oil that is more than any time in history,” said Wayne Christian, commissioner of the Texas Railroad Commission — the agency that regulates the state’s oil and gas industries. “I believe it’s a national security concern to allow unfriendly foreign countries to come in and buy land and oil in Texas and the United States,” he told FOX Business. A 2018 oil discovery in the Permian uncovered 46.3 billion barrels of crude, 281 trillion cubic feet of gas, and 20 billion barrels of natural gas liquids, according to an assessment by the U.S. Geological Survey. The discovery effectively doubled America’s oil and gas reserves and puts the country on a path for years of energy independence. A separate estimate from RS Energy Group found the discovery could be as large as 230 billion barrels. The oil industry is critical for the Texas economy, accounting for $16.3 billion of revenue in 2019 and about 10 percent of the state’s labor force. An oil worker makes about $132,000 a year, 1.6 times the state’s average wage. Exxon Mobil, Chevron, and BP are the major players in the industry, but there are also hundreds of companies that produce less than 1,000 barrels of oil per day. The scope of the industry reaches far beyond the oil and gas producers, also including midstream companies that operate pipelines, service rigs and more. To help smaller companies navigate the industry’s crisis, Christian said Texas is working on measures that include cutting regulations and permit costs. When the industry is prospering, such firms get bought out at a premium by the big international companies such as Exxon Mobil, leaving money in Texas and giving workers bonuses, Christian said. When markets sour, however, the firms can be snapped up at fire-sale prices. “The federal government should watch very carefully and raise their standards on who can buy,” Christian said. China and other countries are already “starting to look for deals,” said Malcolm McNeil, international practice co-leader at the law firm Arent Fox. He said that while recent volatility in oil prices has left some Chinese companies “cash poor,” those that have money are “going to be seeking bargains.” The uncertainty surrounding the outcome of the 2020 election will cause Chinese firms to “explore deals now, but wait to bargain-hunt until companies are really hurting” and there is more clarity on the political front, he added. Should President Trump win re-election, prospective acquisitions might be less appealing to Chinese buyers, given his administration’s prickly relationship with Beijing and efforts to limit Chinese control of vital U.S. resources. Any oil deal, unless it’s rudimentary, will likely involve the Committee on Foreign Investment in the United States (CFIUS), which would require arduous reviews. U.S. law prohibits foreign companies from directly holding many oil, gas and mineral leases, but does allow them to form U.S. corporations to make purchases. Chinese acquisitions of U.S. oil and gas companies have faced increased scrutiny since China National Offshore Oil Corporation in 2005 attempted a takeover of the El Segundo, California-based explorer Unocal, now a subsidiary of Chevron, causing public uproar. While that deal was blocked, the Chinese firm Yantai Xinchao Industry Co. in 2015 received CFIUS approval to forge ahead with a $1.3 billion purchase of oil assets in the Permian Basin owned by Tall City Exploration and Plymouth Petroleum. Stewart Glickman, an energy analyst at New York-based CFRA Research, told FOX Business that barring a “rapid V-shaped recovery in oil prices,” there are going to be a “fair number of new Chapter 11 filings.” While Texas is an attractive investment destination for companies from China and elsewhere, it’s difficult for them to “swoop in” and start acquiring acreage “like a vulture feasting on a carcass,” he said. Though companies from China, Saudi Arabia and elsewhere may have experience in oil and gas, shale is a “U.S. phenomenon,” Glickman noted. A more plausible way for foreign companies to gain access to the rock, according to Glickman, is to enter a joint venture that gives them financial exposure but not operational exposure. He added that such a route would also be the way to go for those seeking to gain access through midstream and downstream businesses. But while the tactic might help eager overseas buyers reach lucrative deals, such developments are precisely what Christian, the Texas railroad commissioner, hopes to avoid. “I don’t want to wind up five years from now with, all of a sudden, some foreign country shutting down production in Texas because they own it, and prefer buying from their own reserves overseas,” Christian said. “I think that would be inefficient use, and I would think it would threaten national security.”

Pompeo says China poses real ‘risk’ to US, in new interview

In yet another push from the federal government to highlight the nefarious nature of communist China, Secretary of State Mike Pompeo said during a radio interview on Saturday that the country’s actions pose a real “risk” to the safety and security of the United States. “The Chinese Communist Party working inside of their own country is one thing,” he told Breitbart News. “Their efforts to create control and influence around the world are quite another, and we have a responsibility to fix that. President Trump got this right in his campaign. He talks about it an awful lot.” Pompeo added, “But to your point — your point about China’s efforts to use their wealth, state-owned enterprises, and their authoritarian regime in Africa, in the Arctic… sea lanes all around the world present real risk to the United States of America and to free nations.” He said the U.S. government wants the best for China’s people but is continually having to work against the nation’s government as it interferes with American interests at home and abroad. “We are working to push back against that. We want good things for the Chinese people,” Pompeo added. “We hold no brook against them. But the regime, the Chinese Communist Party itself, is acting in ways that are much to the detriment of the United States of America, and President Trump has made clear we’re going to make sure and protect to keep Americans safe and do everything we can to make sure that Americans can operate freely around the world in a way that is fair and reciprocal and equitable.” This isn’t the first time Pompeo has issued a stern warning for Americans to be on the lookout for Chinese subversion and misinformation. Prior to the coronavirus outbreak, he addressed the National Governors Association’s winter meeting in February and sounded the alarm about communist infiltration. “We can’t ignore China’s actions and strategic intentions,” he said at the time. “The Chinese government has been methodical in the way it’s analyzed our system… it’s assessed our vulnerabilities and it’s decided to exploit our freedoms, to gain an advantage over us at the federal level, the state level and the local level.” “Competition with China is happening. It’s happening in your state,” Pompeo explained. “In fact, I’d be surprised if most of you in the audience had not been lobbied by the Chinese Communist Party directly.” He said groups loyal to communist China are operating out in the open in Virginia, Minnesota, Florida and dozens of other states, while also targeting college campuses and K-12 classrooms. “Maybe some of you have heard about the time when the Chinese consulate paid the UC San Diego students to protest the Dalai Lama,” Pompeo continued. “It shows depth. It shows systemization. It shows intent.” China has faced heavy criticism for its handling of the COVID-19 outbreak, triggering a congressional investigation into what the government knew, and when it knew it. A probe by the Senate’s Homeland Security Committee, led by Sen. Rick Scott, R-Fla., is seeking to uncover who should be held responsible for the deadly pandemic that has already claimed the lives of tens of thousands of Americans. “We have failed to call out China for who they are — call out these international organizations for who they are, and you see Democrats out there trying to defend the WHO. It’s the craziest thing in the world,” Scott said…

For more on this interview with Sec. of State Mike Pompeo, click on the text above.  Sec. Pompeo is exactly right, and we’re happy to hear he’s working diligently behind the scenes to increase the pressure against the evil Chinese Communist Party (CCP).  It is long overdue.

China’s Xian H-20 stealth bomber completes nuclear triad, could make debut this year

China’s newest supersonic stealth bomber — which doubles the country’s strike range and completes its nuclear triad — could be ready for rollout later this year but Beijing has purportedly been weighing the step and what it could mean for escalating regional tensions brought on by the coronavirus pandemic. The highly-hyped Xian H-20 puts Australia, Japan, and the Korean peninsula all within shot and could spell trouble for the United States down the line. “If the H-20 does have the range and passable stealth characteristics attributed to it, it could alter the strategic calculus between the United States and China by exposing U.S. bases and fleets across the Pacific to surprise air attacks,” National Interest reported. The H-20 is a strategic bomber along the lines of the B-2, B-21, or the Russian PAK DA, according to a report from the Defense Intelligence Agency. The H-20 would give China what only the United States and Russia have –a nuclear triad, or a three-pronged military force structure that can launch nuclear attacks from the air, land, and sea. China, Russia, and the U.S. are the only three countries that have the needs and resources to develop huge strategic bombers that can strike targets across the globe. DIA director, Lt. Gen. Robert P. Ashley Jr., said in a 2019 speech that “China is likely to at least double the size of its nuclear stockpile in the course of implementing the most rapid expansion and diversification of its nuclear arsenal in China’s history.” In 2018, China launched more ballistic missiles for testing and training than the rest of the world combined. “We expect this modernization to continue and this trajectory is consistent with Chinese President Xi’s vision for China’s military, which he laid out at the 19th Party Congress and stated that China’s military will be ‘fully transformed into a first-tier force’ by 2050,” Ashley said. He added that China’s H-20 demonstrates the country’s “commitment to expanding the role of (the) centrality of nuclear forces in Beijing’s military aspirations,” adding that while China’s overall arsenal is smaller than Russia’s, it is just as concerning. The H-20 could make its first public appearance in November, during Zhuhai Airshow, if the coronavirus pandemic is under control by then. “The Zhuhai Airshow is expected to become a platform to promote China’s image and its success in pandemic control – telling the outside world that the contagion did not have any big impacts on Chinese defense industry enterprises,” one source told South China Morning Post. Another claimed Beijing’s leadership is still “carefully considering whether its commission will affect regional balance, especially as regional tensions have been escalating over the COVID-19 pandemic. “Like intercontinental ballistic missiles, all strategic bombers can be used for delivering nuclear weapons … if China claimed it had pursued a national defense policy which is purely defensive in nature, which would it need such an offensive weapon.” In October 2018, Chinese state-run media announced that the People’s Liberation Army Air Force (PLAAF) would publicly unveil the H-20 bomber during a parade celebrating the air division’s 70th anniversary in 2019.

For more, click on the text above to read the rest of Army Lieutenant General Robert P. Ashley’s remarks back in May 2019 regarding Russian and Chinese nuclear modernization trends.  As was already mentioned, LTG Ashley is the current Director of the Defense Intelligence Agency (DIA).  This is very serious and scary stuff, folks.

Bill Gertz: White House hails doctors who exposed coronavirus cover-up in rare Chinese-language address

The Chinese doctors who sounded the alarm over the government cover-up of the coronavirus disease outbreak are heroes of democracy like those of a century ago, the White House deputy national security adviser said Monday. Matthew Pottinger, speaking in Chinese to a University of Virginia conference, said several doctors including Li Wenliang were persecuted by Chinese authorities for seeking to alert people and embody the spirit of China’s pre-communist May Fourth pro-democracy movement. “To my mind, the heirs of May Fourth are civic-minded citizens who commit small acts of bravery, and sometimes big acts of bravery,” Mr. Pottinger said, becoming the latest senior administration to issue a sharp critique of Beijing’s handling of the deadly global coronavirus outbreak. “Dr. Li Wenliang was such a person.” The physician “wasn’t a demagogue in search of a new ideology that might save China. He was an ophthalmologist and a young father who committed a small act of bravery and then a big act of bravery.” The unusual Chinese-language address by a senior White House official was to be broadcast into China as part of the Trump administration’s escalating war of words with Beijing over the coronavirus. President Trump and aides such as Secretary of State Mike Pompeo and trade adviser Peter Navarro have adopted an increasingly critical line on China’s handling of the virus. Top government voices in Australia, Britain and other countries are starting to echo the American criticisms. The Reuters news agency reported Monday that an internal Chinese think tank report prepared for the Ministry of State Security last month warned that Beijing may be facing a global anti-China backlash on the order of the Tiananmen Square massacre of 1989 because of COVID-19. In China, state-controlled press organs in recent weeks have stepped up their own attacks on U.S. officials, especially Mr. Pompeo, for publicly chastising China over its mishandling and covering up the disease outbreak. They accuse Washington of trying to scapegoat China and divert attention from the U.S. government’s own record in dealing with the crisis. Mr. Pottinger said after his speech the United State is not seeking to punish Chinese for the coronavirus, but wants a reciprocal and fair relationship. The decades-long policy of ignoring nefarious Chinese actions has not produced a more moderate Communist China, he said. China instead is moving in a more dictatorial direction, in both politics and economics, he said. He focused in his remarks on the case of Dr. Li, who in late December passed along a warning through the social media outlet WeChat to several former medical school classmates about a new and dangerous virus causing pneumonia-like symptoms among patients turning up at Wuhan hospitals. He urged his friends to take steps to protect their families and co-workers. Instead of being praised, however, the doctor was admonished by police for spreading “rumors” and forced to sign a false confession. He also was threatened with prosecution under China’s strict information control regulations. “Anyone tempted to believe this was just a case of overzealous local police, take note: China’s central government aired a news story about Dr. Li’s ‘rumor-mongering,’” Mr. Pottinger said. Undeterred, Dr. Li then went public about the effort to silence him and in doing so alerted the entire world to what would eventually become a global pandemic, Mr. Pottinger said. “By this time, Dr. Li had contracted the disease he’d warned about. His death on Feb. 7 felt like the loss of a relative for people around the world,” Mr. Pottinger said. On his death bed, Dr. Li told a reporter that “I think there should be more than one voice in a healthy society, and I don’t approve of using public power for excessive interference.” Chinese Communist Party authorities have since tried to divert widespread public support for the doctor by declaring that he was a loyal party member and that unspecified “hostile forces” were using his death to attack the government. “It takes courage to speak to a reporter — or to work as one — in today’s China,” said Mr. Pottinger, a former news correspondent based in China. China also has cracked down on news gatherers, both official and unofficial, who tried to provide truthful information on the disease outbreak in Wuhan. Three citizen-journalists, Chen Qiushi, Fang Bin and Li Zehua, have gone missing after reporting on Wuhan, and several U.S. journalists were expelled from China. A medical colleague of Dr. Li, Ai Fen, also has been silenced after voicing her concerns about the Chinese response to the virus outbreak to a reporters. Mr. Pottinger said the activists who are bucking Chinese rule are part of a long national tradition of scholars “serving as China’s conscience.” Millions of Hong Kong citizens and Catholic priests in China are facing repression, he noted. Mr. Pottinger said the legacy of the pro-democracy May Fourth movement 100 years ago is up to the Chinese people to decide. The movement’s aspirations today could be stifled by Chinese official censorship and disinformation and its champions slandered as unpatriotic, pro-American and subversive, he said. “We know the Communist Party will do its best to make it so,” Mr. Pottinger said. The deputy security adviser said China today would benefit from less nationalism and more populism. “Democratic populism is less about left vs. right than top vs. bottom,” he said. “It’s about reminding a few that they need the consent of many to govern. When a privileged few grow too remote and self-interested, populism is what pulls them back or pitches them overboard. It has a kinetic energy.” The White House adviser cited similar populist energy behind the Brexit vote in Britain five years ago and President Trump’s election in 2016. “It is an admonition to the powerful of this country to remember who they’re supposed to work for: America first,” Mr. Pottinger said. The May 4 movement was motivated by a similar populism and an effort to break an enforced conformity preventing free through. “Wasn’t the goal to achieve citizen-centric government in China, and not replace one regime-centric model with another one?” he asked. “The world will wait for the Chinese people to furnish the answers.”

 

Cotton Warns Against China Trying to Steal Coronavirus Vaccine from U.S., Urges ‘Hard Look’ at Visas Granted to Chinese Nationals

Sunday, during an appearance on Fox News Channel’s “Sunday Morning Futures,” Sen. Tom Cotton (R-AR) said, based on the past, the Chinese government was likely still attempting to steal intellectual property from the United States, including a coronavirus vaccine. “[T]he Chinese Communist Party has been stealing America’s intellectual property for decades, and they aren’t going to magically stop in the middle of a pandemic,” he said. “In almost every state in the union, there are active cases against Chinese nationals. In Arkansas, for instance, they are accused of having stolen proprietary genomes of our farmers in East Arkansas. But in the middle of a pandemic, what’s the most valuable intellectual property in the world? It’s the research that our great laboratories and life science companies are doing on prophylactic drugs, therapeutic drugs, and ultimately a vaccine. So I have little doubt that the Chinese intelligence services are actively trying to steal America’s intellectual property as it relates to the virus that they unleashed on the world, because, of course, they want to be the country that claims credit for finding those drugs or finding a vaccine, and then use it as leverage against the rest of the world.” Cotton told FNC’s Maria Bartiromo a “very hard look” should be taken at Chinese Nationals coming to the United States to study in specific fields. “[I]t’s a scandal to me that we have trained so many of the Chinese Communist Party’s brightest minds to go back to China to compete for our jobs, to take our business, and ultimately to steal our property and design weapons and other devices that can be used against the American people. So, I think we need to take a very hard look at the visas that we give the Chinese nationals to come to the United States to study, especially at the post-graduate level in advanced scientific and technological fields. If Chinese students want to come here and study Shakespeare and the Federalist Papers, that’s what they need to learn from America. They don’t need to learn quantum computing and artificial intelligence from America.”

Agreed!!!!   The good Senator from the great state of Arkansas is exactly right!  Sen. Tom Cotton (R-AR)  is a former Army infantry officer who was awarded the Bronze Star, as well as the Combat Infantryman’s Badge (CIB),  for his service in Iraq.  So, he’s a guy who’s been there and done that…and oh, btw.. he also has a law degree from Harvard.   We can no longer afford to play nice and be politically correct.  We can no longer afford to be suckers and let the Communist Chinese Party (CCP) to walk all over us because we’re too afraid to be called “racists” and “xenophobes” by the likes of Jim Acosta over at CNN.

Pew Research: More than 9-in-10 Americans Call China’s Power a ‘Threat’ to U.S.

More than 9-in-10 Americans now call China’s power and influence in the world a “threat” to the United States, a new survey reveals. The latest Pew Research Center survey finds that Americans are nearly unanimously worried about China’s dominance in the midst of the Chinese coronavirus crisis that has ravaged the U.S. About 91 percent of Americans say China’s power and influence is a threat to the U.S. — 62 percent of which say China is a “major threat” and 29 percent of which say China is a “minor threat.” Americans today regard China as a major threat to the U.S. – more than global warming, Russia’s power and influence, the condition of the global economy, and global poverty. The survey shows a continued increase in concern over China among Americans over the last few years. Between 2017 and this year, the number of Americans who now say China is a “major threat” to the U.S. has spiked by 21 percent. The same Pew Research survey finds that more than 8-in-10 Americans call mass migration a threat to the U.S., with about 42 percent of those calling mass migration a “major threat.” China’s economic rise has been at the expense of America’s economy and U.S. workers. Since 2001, free trade with China has cost millions of Americans their jobs. For example, the Economic Policy Institute has found that from 2001 to 2015, about 3.4 million U.S. jobs were lost due to the nation’s trade deficit with China. Of the 3.4 million U.S. jobs lost in that time period, about 2.6 million were lost in the manufacturing industry, making up about three-fourths of the loss of jobs from the U.S.-China trade deficit. Research has revealed that American towns that had their manufacturing bases gutted have been hit hardest with rampant drug addition during the opioid crisis.

 

Peter Navarro: China ‘cornered’ the personal protective equipment market and ‘is profiteering’ during coronavirus outbreak

White House Trade Adviser Peter Navarro said during an exclusive interview on “Sunday Morning Futures” that China “cornered” the personal protective equipment (PPE) market during the coronavirus outbreak and “is profiteering.” Navarro, who is also the National Defense Production Act policy coordinator, made the comment on Sunday reacting to a recent Fox News report, which cited multiple sources, that there is increasing confidence that the COVID-19 outbreak likely originated in a Wuhan laboratory, though not as a bioweapon but as part of China’s attempt to demonstrate that its efforts to identify and combat viruses are equal to or greater than the capabilities of the United States. Navarro, who was one of the first to warn about the novel coronavirus, noted “China did [several things] over the course of this thing,” which, he said, “led to the deaths of many people worldwide.” “First of all, the virus was spawned in China. Second of all, they hid the virus behind the shield of the World Health Organization. The third thing they did was basically hoard personal protective equipment and now they’re profiteering from it,” Navarro told host Maria Bartiromo, referencing the fact that many states have been dealing with a shortage of PPE for health care workers during the coronavirus crisis. Sources believe the initial transmission of the virus – a naturally occurring strain that was being studied there – was bat-to-human and that “patient zero” worked at the laboratory, then went into the population in Wuhan. The sources explained that there was an extensive cover-up of data and information about COVID-19 orchestrated by the Chinese government. Documents detail early efforts by doctors at the lab and early efforts at containment. The Wuhan wet market initially identified as a possible point of origin never sold bats, and the sources tell Fox News that blaming the wet market was an effort by China to deflect blame from the laboratory, along with the country’s propaganda efforts targeting the U.S. and Italy. On Thursday, China’s foreign ministry pushed back on the suspicion that the virus escaped from the facility, by citing statements from the World Health Organization that there is no evidence the coronavirus came from a laboratory. China moved quickly to shut down travel domestically from Wuhan to the rest of China, but did not stop international flights from Wuhan. Additionally, the sources tell Fox News the World Health Organization (WHO) was complicit from the beginning in helping China cover its tracks. “What we know is that the ground zero for this virus was within a few miles of that lab,” Navarro noted. “I think it’s incumbent on China to prove that it wasn’t that lab,” Navarro went on to say. He added that “more importantly, we know that for a critical six-week period of time, China used its influence at the World Health Organization to hide the virus from the world. This was a time where that virus could have been contained in Wuhan; instead, 5 million Chinese people went out from Wuhan and propagated the virus around the world.” Navarro went on to explain what he thinks “should be very disturbing to every American.” “During that period of time, that six-week interval when they were hiding this virus from the world, China went from a net exporter of personal protective equipment, they are the largest producer of that in the world, to a large net importer,” Navarro said. “They basically went around and vacuumed up virtually all of the PPE around the world, including a lot from this country, which was for humanitarian reasons sharing our PPE with them, and what that did was leave people in New York, Milan, and everywhere in-between defenseless when it came time to have that PPE.” “Now what’s happening today, which is equally alarming, is China is sitting on that hoard of PPE where it cornered the market and is profiteering,” he continued. “I have cases that are coming across my desk where $0.50 masks made in China are being sold to hospitals here in America for as much as $8.” As of Sunday, more than 2.3 million people around the world have tested positive for the new coronavirus and more than 162,000 have died, according to Johns Hopkins University. In America more than 735,000 cases have been reported and 39,000 people have died. Navarro noted the death toll on Sunday and said that China “may attempt to use this crisis now to advance their own agenda worldwide.” He went on to say that his current focus is “to make sure people have everything they need here.”

The communist Chinese regime is slick, to be sure.  But, they’re evil, and a threat to each and every one of us.  Don’t let Democrat and liberal news apologists tell you any differently.

Gowdy: U.S. Can Hit China ‘Where It Hurts the Most’ for Hoarding PPE

With China reportedly covering up the coronavirus outbreak and hoarding important medical materials such as Personal Protective Equipment to corner the market and the White House mulling taking action against them, former Rep. Trey Gowdy (R-SC) said in a Tuesday appearance on “Fox & Friends” the United States could hit China “where it hurts the most” to hold them accountable. Instead of combating China in the “toothless” courts, Gowdy suggested the Trump administration can “ostracize them on the world stage,” not allow their students to study abroad and deduct money that the country owes China. “There are international entities, whether it’s the United Nations, the World Health Organization, there’s the International Court of Justice, there are actually treaties that govern the interactions of countries as it relates to infectious disease. But those are toothless,” Gowdy stated. “You’ve got the American courts, but you have to get around the Foreign Sovereign Immunity Act, and if you get around that, you’ve got proof problems. I mean, how is an individual American supposed to get information from China when the rest of the world cannot?” He continued, “The Trump administration doesn’t need to go to court to hold China accountable. You can hit them where it hurts the most. You can ostracize them on the world stage, quit letting their students come here and study, you can make them a pariah, but most importantly you can start deducting the amount of money we owe them and other countries owe them, deduct our costs including the loss of life, but all of the other costs, start deducting that, and then see what China’s reaction is.” Gowdy went on to say the United States should be “less dependent on other countries” for important items and manufacture them locally.

As usual, former Rep. Trey Gowdy (R-SC) is spot on.  And, as a reminder..if you have a choice between buying something made in China and one that might be a couple bucks more, but says “Made in the USA,” then please please BUY AMERICAN!!  That is something each and every one of us can do to send a clear, unified message to the communist Chinese government about how they handled this Wuhan virus disaster.  To see the video of this interview with Trey, click on the text above.