I heard a rumor a few days ago that there was an effort to close down the US- China Economic and Security Review Committee. This is the group that first identified the use of joint ventures as a way to steal US technology, and how China was doing that. This is a group that found the targeting of US chip manufacturers for purchase by China. This is the group that pushed for changes in CFIUS to stop China’s incursions in US markets that affect national security. This is the group that pointed fingers at China for stealing US technology by computer. Who benefits from doing away with them?
Not the citizens of the US. There are a few international businesses that depend on manufacturing in China for a sizeable chunk of their income. They don’t like the Commission and want it to go away. The researchers there go into too many aspects of business in China and how closely those are tied to the Chinese central government. That has resulted in proposed legislation to change the way CFIUS These businesses want us to believe Chinese businesses are “just like ours” even though there are offices of the Communist Party ri/ght in their plants, and Chinese officials are put in senior leadership positions in their companies.
We wouldn’t know half of what we know about the real China if it had not been for this group. I’m not surprised that Chinese interests would have targeted it, but I am surprised to hear they have made headway in stopping them.
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