US State Treasurers Urge Divestment from China: Concerns Over CCP Control and Financial Risks

A coalition of 18 state financial officers, including treasurers, is urging public pension fund managers to divest from China-based investments due to concerns over the Chinese Communist Party’s (CCP) control over businesses and the potential risks associated with their investments. The letter, sent to fiduciaries across 15 states, highlights issues such as CCP interference in financial markets, the opaque nature of Variable Interest Entities (VIEs), and geopolitical tensions, particularly the potential for a Chinese invasion of Taiwan. The call for divestment echoes concerns raised by the House Select Committee on the Strategic Competition between the U.S. and the CCP, which previously detailed how asset managers have invested billions of dollars in Chinese companies flagged by the U.S. government.

Republican Senators Push Bills to Curb Chinese Influence in the U.S.

Republican Senators Pete Ricketts and Eric Schmitt have introduced a series of bills aimed at curbing the Chinese Communist Party’s influence in the United States. The legislation targets various aspects of China’s involvement, including university endowments, tax breaks for Chinese companies, and student visas for CCP members. The bills are part of a growing effort by Republicans to address concerns about China’s rising power and influence.

US Takes Aim at Chinese Infiltration: ‘China Week’ Battles Hydra-Like Threats

The House of Representatives has passed 25 bills targeting Chinese economic and technological intrusions into the US, aiming to counter the growing influence of the Chinese Communist Party (CCP). This ‘China Week’ effort, likened to battling a Hydra, seeks to address vulnerabilities in drones, network routers, seaport cranes, batteries, and biotech contracts with Chinese firms, aiming to protect US national security and economic independence.

Hochul’s Former Aide Charged with Espionage, Tied to Chinese Diplomat Who Praised CCP

Linda Sun, a former aide to New York Governor Kathy Hochul, has been charged with espionage for allegedly acting as a foreign agent for the Chinese Communist Party (CCP). Sun is accused of using her position to influence policy in favor of the CCP, including blocking Taiwanese officials from meeting with New York government officials. The indictment also reveals that Sun’s actions were coordinated with Chinese Consul General Huang Ping, who repeatedly praised the CCP and has been accused of spreading CCP propaganda.

China’s Hidden Threat: How Chinese Companies Masquerade as American

Former Secretary of State Mike Pompeo argues that Chinese companies are posing a significant threat to US national security by masquerading as American businesses. He highlights the dangers of data collection, IP theft, and the influence of the Chinese Communist Party (CCP) on these companies. Pompeo calls for increased scrutiny and transparency regarding these companies, urging Congress to investigate and label them clearly.

US Government Blind to China’s Threat: Oversight Committee Demands Answers

The House Oversight Committee is demanding answers from federal agencies regarding their lack of action against the growing threat posed by the Chinese Communist Party (CCP). The committee argues that many agencies are failing to acknowledge the CCP’s political warfare aimed at weakening America and are even succumbing to its influence. This includes the NASA administrator praising the CCP’s lunar mission and the CPSC refusing to warn consumers about the dangers of Chinese-made products. The committee emphasizes the importance of agencies recognizing the CCP’s aggressive campaign and taking concrete steps to counter it, highlighting the DEA’s willingness to confront the CCP’s role in the fentanyl crisis as a positive example.

Senator Roger Marshall Warns of Chinese Triad’s Growing Organized Crime

Senator Roger Marshall, a Republican from Kansas, has expressed concerns about the increasing presence of the Chinese Triad, an organized crime syndicate, within the United States. Marshall believes that the growing number of massage parlors in Kansas is evidence of the Triad’s expansion. He also expressed concerns about the impact of the Chinese Communist Party (CCP) and cartels on the border crisis and the effectiveness of President Biden’s State of the Union address.

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