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Rubio Calls On Wall Street To Stop Enabling Communist China
In an op-ed published Wednesday, Senator Marco Rubio (R-FL) called on Wall Street to stop enabling Communist China. Specifically, Rubio wrote in The American Prospect that investors are clueless about Chinese influence.
He argued that many American investors unwittingly tied themselves financially to Chinese companies. These investors remain unaware that these firms have ties to China's Communist Party.
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‘Height Of Hypocrisy’
“It’s the height of hypocrisy. U.S. corporations with lucrative business ties to the Chinese Communist Party will boycott states here over anti-abortion laws, while Beijing systematically sterilizes Uyghur women.
They routinely inflame divisive race issues within the US while marginalizing African American actors or erasing Tibetan characters to keep Chinese audiences happy,” Rubio argued.
The senator noted that China opened its market to American financial companies. These companies also ended up listed on American stock exchanges.
As a result, American investors’ portfolios will often make investments in Chinese companies. Ultimately, many well-meaning American investors will find themselves propping up “a genocidal regime.”
It becomes easy to do because Wall Street will do it for them, Rubio said. He added that US stock and capital markets should cut off Chinese firms.
Shareholder National Securities Awareness Act
Rubio also suggested requiring increased scrutiny of activist investors. In particular, he pinpointed companies tied to national security work or supply chains. Rubio filed a bill last month, the Shareholders National Securities Awareness Act.
The bill proposes to lower the threshold for disclosure of investor shareholdings. From 5%, Rubio proposes to lower the threshold to 2.5% of outstanding shares.
This applies to investors who want to influence company management. Specifically, this covers moves that can affect national security or supply chain assets.
Republican Criticism Over China Stance
Rubio’s article forms part of growing Republican criticism over China's influence. GOP members criticized many companies and media figures that defer too much to China.
They call out their overtly delicate handling of anything deemed offensive to China. Recently, wrestler John Cena apologized to Chinese fans for calling Taiwan a country.
Washington and Beijing are in a tense standoff over sovereignty claims over Taiwan. China wants the US to recognize its right in claiming Taiwan as a province.
Other issues that crop up include China's treatment of Uyghur Muslims in the Xinjiang province. Former President Donald Trump fearlessly declared it genocide. However, The Biden administration saw fit to review this policy.
Strategic Ambiguity
Meanwhile, National Intelligence director Avril Haines said that the US maintains a “strategic ambiguity” policy. This means the US will remain ambivalent in its support for Taiwan if China decides to attack.
Watch The Hill’s video reporting on Florida Senator’s Marco Rubio warning of the threat from communist China:
Loading ...Do you agree with Senator Marco Rubio that US companies should stop enabling Communist China through Chinese companies? Also, are US companies deferring too much in the name of Chinese market share?
Let us know what you think by sharing your comments below.
15 Comments
Yes I agree
Yes I agree with Rubio china has too much influence worldwide and in the United States
Absolutely.
Yes, I agree. No one or company should be involved in anything China does.. Not Ever!!!! They are a communist country trying to take over America and make it part of China. I don’t think anyone who has experienced freedoms like we do in America would want to become a Communist Country. And if you think a Communist Country is ok please ask some people who live under communist law what it’s like….You won’t like it, unless your a Communist now!!! Please start standing up to the Democrats and liberals who are trying to suck in those of you who don’t understand just what the Communist Party is really like and want to change to Conservative/ Republican’s before it’s too late. China is tearing down churches and confiscating their bibles so they force them into doing what the communist say. Please fight back for your freedoms. Stop letting Democrats/Liberals dictate to you. Join the Conservative/ Republican Party and enjoy your Freedomsii
I fully support Senator Rubio. it is about time that elected officials speak truthfully and loudly about China and its sinister CCP.
Our nation is largely oblivious to our internal problems, and entirely ignorant about outside influence orchestrated and manipulated by the CCP.
We need to step up and join the movement against the CCP, and it could being on a small scale, such as avoiding Chinese made products and rejecting media moguls and Hollywood celebrities who serenade to the CCP instead of trumpeting to the USA.
WE DO AGREE 100% with RUBIO
WE MUST HAVE A PLAN TO SEND THOSE CHINESE COMMUNIST IN AMERICA BACK TO THEIR COUNTRY.THEY STAY HERE TO HAVE A GOOD LIFE BUT THEY WANT TO SPY AND STEAL THINGS FROM US!( TECHNOLOGY….).
BOTTOM LINE: CCP IS OUR ENEMY.
One just has to read about Hunter Biden and Hillary. both helped china buy into an aviation company in Ohio that the military buys parts for are fighter jets. Here’s how they did it. Because they buy parts they needed state department approval. Hunter calls Hillary who ran the State Department for four years, you can be sure her foundation got a big donation. Now China has the specs on the parts and their fighter jets are faster and safer. All for greed, Benedict Arnold had more honor than the dem party today!
I agree with you senator Rubio! It is time we lead with our pocket book or soon Gina will own us. They have not been shown to be benevolent leaders. They will enslave us.
“The love of money is the root of ALLl evil.” 1 Timothy 6:10. “Do not be overcome with evil, but overcome evil with good” Romans12:21 Of course these vv’s are directed to followers of Jesus Christ who seek to obey the teachings of The Holy God Inspired Bible. The natural man does not receive the things of The Spirit of God, for sure hey are foolishness to him; nor can he know them, because they are Spiritually discerned. 1 Corinthians 2:14. So greedy men and women whose leadership are a part of large corporations, big tech, politics, etc…. do not have a clue they are being lead by the father of lies, “satan” into bringing about their own destruction and that of the world as we know it. Read Revelation ch’s 17 & 18. When you place your faith in the things of this world and not it’s Creator, this is the obvious outcome. For me and the other true believers like myself, Jesus Words ring very true. When you see these things begin to come to pass lift up your heads for your Redemtion is very near.Luke 21:28. Even so, come, Lord Jesus! Revelation 22:20b
Time to stop enabling China to infiltrate our markets our culture and our government. The Bidens must be held accountable for their role. This is the United States of America, not the communist states of China! Donald Trump had it right!
C’mon, man. It was just Joe’s “smartest man I know” making a few bucks off his Dad’s and Hillary’s positions. We only use these laws to propagate false claims against Trump. -CNNema
Rubio is correct The far left continues to have us focus on Russia as a threat. In essence the real threat is the Chinese government,if you look back in world history for hundreds of years China has always been a warlike entity that has a fixation on trying to dominate the world. Unfortunately there are greedy short minded people in this country that are not looking out for the welfare of this wonderful place we call America
I agree with you Rubio 100% . The United States of America should NOT have any dealings with the Chinese communists
Thank you Rubio you are so correct. China 🇨🇳 president is
Screw ing the United States 🇺🇸 Biden Harris ar so WEEK .
The world is laughing at them Biden Harris are destroying the country
Rubio called it on the money< cut the head off the problem…,…….We Need Donald Trump….Get Rid Of Biden… K
amila Kamila