“U.S. firms are so determined to have entry to the Chinese market that they’ll lead expensive boycotts in an American state that passes a regulation that they don’t like,” Rubio mentioned. “American firms have really fired Americans who dwell in America for saying or writing one thing that China doesn’t like.”
Rubio pointed to a number of situations the place American companies fired staff, eliminated sure articles of clothes from U.S. cabinets, and severed ties to different U.S. companies attributable to CCP stress.
The Florida Republican warned that China’s menace to U.S. pursuits expands past company management and quantities to the “greatest unlawful wealth switch from one nation to a different within the historical past of mankind.”
“The lengthy arm of China isn’t some futuristic menace, it’s already right here,” Rubio mentioned. “China is stealing between $300 and $600 billion a yr of American know-how and mental property.”
The senator mentioned that safety issues popping out of China quantity to greater than cyber and technological-based threats. China’s affect impacts Hollywood, college analysis, industrial insurance policies, and startup firms, he warned.
“Today the Chinese Communist Party has extra management over what Americans can say, what we are able to hear, what we are able to learn, what we are able to watch than any overseas authorities has ever had in our historical past,” Rubio instructed lawmakers.
The Florida senator launched two payments Wednesday that search to bar U.S. banks from lending to initiatives managed by the Chinese authorities and to in any other case counter CCP affect within the U.S.
The Trump administration took steps to counter threats coming from China and restricted how Chinese firms might function within the U.S. The earlier administration renegotiated commerce offers and barred telecommunications firms suspected of malign exercise — like Huawei — from conducting enterprise within the U.S. or with any American firms.
The Biden administration has taken its personal measures to counter China. The administration accused the Chinese authorities of direct involvement in an assault on Microsoft’s Exchange electronic mail server software program final month.
Rubio and different lawmakers on the Senate Intelligence Committee repeatedly emphasised that their issues solely lie with the CCP and never with the Chinese individuals or Chinese Americans.