Interesting article.
Stop China’s predatory investments before the US becomes its next victim
China’s aggressive weaponization of its economy is no secret. Whether through currency manipulation or the withholding of critical materials, such as rare earth minerals, from the global supply chain, China has a reputation for using its economy in a targeted manner to further its ambitious global plans. Be it overtly or obliquely, through direct ownership or by de facto monopoly, China has encroached on or outright assaulted nearly every meaningful sector of the U.S. economy.
There is ample evidence of China’s exploitation and deception related to COVID-19. Credible reports are emerging that Beijing has taken donations of personal protective equipment and sold them to Italy and possibly other foreign countries. Further, the dubiously low official infection and death figures released by China are being juxtaposed with higher U.S. infection and death rates to enhance the narrative that China is the more competent nation and should therefore be regarded as the preeminent global leader.
But China’s infiltration and manipulation of the American economy and psyche began well before the COVID-19 crisis. From a national security perspective, Chinese companies have taken ownership of U.S. companies critical to the strategic supply chain, such as cutting-edge battery technologies and microelectronics. The U.S. is entirely dependent on China for segments of the supply of rare earth minerals, which are necessary for everything from cellphones to critical weapon systems. In 2013, a Chinese company purchased Smithfield Foods, simultaneously making the company the owner of both the largest pork producer globally and more than $500 million of American farmland.
Read more
https://www.defensenews.com/opinion/commentary/2020/04/17/stop-chinas-predatory-investments-before-the-us-becomes-its-next-victim/