Rubio’s chilling warning: China has weaponized US ‘corporate lust for profits’

Florida Republican Sen. Marco Rubio stated Wednesday that China has weaponized America’s personal “company lust for earnings” towards the U.S.

In a Senate Intelligence Committee listening to, Rubio said, “It is time to get up” and take a look at company America’s reliance on the Chinese Communist Party.

“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 stated. “American corporations have truly fired Americans who reside 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 as a result of CCP stress. 

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The Florida Republican warned that China’s risk to U.S. pursuits expands past company management and quantities to the “largest unlawful wealth switch from one nation to a different within the historical past of mankind.”

“The lengthy arm of China just isn’t some futuristic risk, it’s already right here,” Rubio stated. “China is stealing between $300 and $600 billion a 12 months of American expertise and mental property.”

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The senator stated 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 corporations, he warned.

“Today the Chinese Communist Party has extra management over what Americans can say, what we will hear, what we will learn, what we will watch than any international authorities has ever had in our historical past,” Rubio advised 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 corporations might function within the U.S. The earlier administration renegotiated commerce offers and barred telecommunications corporations suspected of malign exercise — like Huawei — from conducting enterprise within the U.S. or with any American corporations.

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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 e-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.