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

Gatestone Institute ^ | Peter Schweizer

[RoosterRedux]

China's greatest financial weakness remains its continued dependence on Western capital markets, crucial for a growing economy that, if official statistics are to be believed, is trying to rebound from the COVID-19 pandemic's toll. 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.

In addition, since 2013, Chinese state-owned enterprises (SEOs) have enjoyed exemptions from Sarbanes-Oxley and other regulatory requirements that also force greater transparency from these companies. They were the only ones granted these exemptions while still being listed on New York stock markets. What if those exemptions were removed?

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. The threat of being de-listed from U.S. stock exchanges would force these companies into the light. For a Biden administration that has said it wants to protect American investors and look out for America's national interests, strengthening his predecessor's efforts makes perfect sense.

First, many US investors have been scammed by investments in Chinese companies. Luckin Coffee was a recent example. Its top executives fraudulently inflated their sales figures by 2.12 billion yuan ($300 million). The fraud extended so deeply into the company that its shares were delisted from the Nasdaq exchange.

[Diogenesis]

we LET them steal the very viruses which they changed,
with the CDC and FauXi and Gates and Pfizer and WHO
in Wuhan, and we FORCED their designed mRNA on Americans
(with a death rate more than two magnitudes more
than the virus for elderly so far),
and we NOW fund Wuhan Bat Pangolin mRNA Farm through 2024,
while keeping the US population masked, sessile,
in a now DEAD economy.

Nothing to see here.

Anyone not entering the gas/vaccine chambers will
be shamed and denied food/liberty.

[DIRTYSECRET]

It’s been that way from the beginning. Money to be made from MFN status. Elites win and we lose our jobs. Then there’s Loral.

[cba123]

This has been happening for the last thirty years.

NOBODY has done a thing to stop it.

Democrats. Republicans.

Nobody. Trump started, but...

[airborne]

China can just wait. We are doing a fine job of destroying ourselves.

[setter]

WOT has been over for some time. Military Industrial Cpomplex needs a new enemy so they allowed and encouraged China to build up and be our new enemy.

This new cold war will be good for the next 50-70 years

[RoosterRedux]

We are doing a fine job of destroying ourselves.

China is playing an important role in that process. And they are taking full advantage of it.

China will not stand by and watch our destruction as a disinterested observer.

The U.S. is the only remaining superpower. We are the only thing that stands between China and its domination of the world (which BTW they believe is their natural right).

When we are at our weakest, they will move to consolidate their gains (by military means and other).

[RoosterRedux]

New cold war? China has already won that war with the Biden coup.

All that's left is for them to consolidate their gains.

[Vaduz]

China can just wait. **Marxist democrats** are doing a fine job of destroying ourselves.

Fact check completed