Commission: Allowing China to buy American firms 'high risk,' would adversely affect national security
The U.S.-China Economic and Security Review Commission is calling for a ban of Chinese state-owned enterprises’ purchases of U.S. companies, according to the commission’s annual report.
“The Commission recommends Congress amend the statute authorizing the Committee on Foreign Investment in the United States to bar Chinese state-owned enterprises from acquiring or otherwise gaining effective control of U.S. companies,” the draft report, labeled final draft, says.
The Committee on Foreign Investment in the United States evaluates the transactions of state-owned enterprises and government entities that result in control of U.S. businesses to determine their effect on national security.
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2 comments:
Perfect example - they bought Thinkpad -> Lenovo...the first batch we got here from them after the sale had phone home (to China) code in the motherboard...Gov't entities are prohibited from buying them at this time!
Purchasing American assets is the only way China can unload their voluminous Treasuries. They know it. The Fed knows it.
The Fed is the problem here. They counterfeited the US Dollar and destroyed its value. Now they must provide for a process whereby some governments can unload those Treasuries in a way that it doesn't crash the Dollar. Purchasing American assets is the only way to do it.
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