Millions of Americans don’t realize they are personally invested in Chinese state-owned companies that bolster Beijing’s expansion and aggression.
The spotlight fell on Chinese investments held by U.S. colleges this week as the White House looks to untangle the intricate financial ties between deep-pocketed money managers and Chinese companies.
For decades, Communist China has cunningly exerted its influence, spread its propaganda, and conducted espionage on college campuses across America.
Whoever builds a nation’s 5G networks gains the key to that country’s most sensitive personal, commercial, and governmental data. Trusted firms such as Ericsson and Nokia from Europe and Samsung from the Republic of Korea have earned the trust of people and governments around the world. At the same time, other entities are losing that trust: most notably, the People’s Republic of China and the companies that its government controls, including Huawei.
Under Secretary of State Keith Krach discusses potential Microsoft purchase of TikTok with Fox Business’ Liz Claman
Days after sending a letter to colleges and universities, warning them to divest from Chinese holdings in their endowments, Krach says schools’ reaction was ‘appreciative.’
The U.S. State Department is asking colleges and universities to divest from Chinese holdings in their endowments, warning schools in a letter Tuesday to get ahead of potentially more onerous measures on holding the shares.
The US Undersecretary of State: “Beijing seduces with money and then traps with intimidation. The Communist Party is not content with creating a surveillance state at home, it wants to extend it to the whole world.”
More and more EU countries are excluding the Chinese provider Huawei from the 5G network. Now the US government is speaking to the conscience of the hesitant Federal Republic.
On August 5th, the U.S. announced that they will be blocking CCP influence in five areas on what they refer to as a Clean Network for the U.S. That means the U.S. will block the CCP at five areas: carriers, stores, apps, cloud storage and cables. Among the targets are China’s Alibaba, Biadu and Tencent, which offer downloadable apps, in U.S. mobile app stores. According to a statement from the U.S. State Department, more than 30 countries have already joined the US’s net cleaning campaign. And many of the world’s largest telecommunications companies have been cleared as clean telcos, pledging to use only trusted carriers on their clean networks.
Secretary of State Michael Pompeo urged American companies to bar Chinese applications from their app stores, signaling that U.S. efforts to banish Chinese technology from U.S. computers and smartphones will extend well beyond the push to force a sale or shutdown of TikTok.