Reuters reported, “U.S. Commerce Secretary Gina Raimondo said U.S. companies have complained to her that [Red] China has become ‘uninvestable,’ pointing to fines, raids and other actions that have made it risky to do business in the world's second-largest economy.
“The comments, made to reporters aboard a high-speed train as her delegation of U.S. officials headed from Beijing to Shanghai, provided a bleak picture of how American firms view China and was the bluntest Raimondo has made on her trip.”
Raimondo made companies not investing in Red China sound like a bad thing, but that’s because she has lived her life in Rhode Island. A lifelong politician who rose to become governor, all she knows about running a business is how to tax it. She has never had to negotiate a business deal with foreigners, unless you consider Connecticutters to be foreigners.
Donald Trump, of course, has had business deals with foreigners including the Saudis and the Scots. He understands the evil that Red China has brought to world trade.
Apple, Tesla and other manufacturers have built factories in Red China. The price they pay for cheap labor is giving Red China trade secrets and technology. The media calls it sharing, but what technology have the communists ever shared with the USA? How to use technology to spy on people? I believe the rich men north of Richmond already knew how.
Raimondo said, “Increasingly I hear from American business that China is uninvestable because it’s become too risky. So businesses look for other opportunities, they look for other countries, they look for other places to go.”
Reuters reported, “Raimondo insists the United States does not want to decouple from [Red] China. ‘We can't have all our eggs in one basket,’ she added.”
But we do have our eggs in one basket. America is too reliant on Red China for manufactured goods. The Bushes and Democrats created this dependency because they listened to the federal bureaucracy, which came up with this goofy notion that we could get Red China to give up communism through the free market. Free trade would magically convert them to capitalism.
But that is not how we brought down the Soviet Union. We did not open our markets to the USSR. We were very careful in what little trade we had with those communists.
Instead of converting, Red China doubled down on evil. Paying off politicians worldwide — cheap whores like Joe Biden — paid off. The money came from the trade surpluses the Chinese collected from the laws the paid-off politicians passed to allow a tyrannical regime to be treated like a Western democracy. The rich men north of Richmond bestowed upon Red China the status of “most favored nation.”
Drag a few thousand bucks through Congress and you have a majority, but the bureaucrats are a better buy because they never have to report to anyone — especially (ugh) voters.
Businesses may lead us out of this mess.
Reuters reported, “John Ramig, a partner at law firm Buchalter who has decades of expertise in international business transactions including the structuring of international sourcing and manufacturing operations, said before Raimondo's remarks that many businesses are not looking to expand in [Red] China.”
He said, “I don't have one client wanting to invest in China. Not a single client. Everyone is looking to either sell their Chinese operation, or if they’re sourcing products in China, they're looking for an alternative place to do that. That's dramatically different from what it was even five years ago.”
What happened five years ago?
President Trump slapped Red China upside the head with tariffs.
On June 15, 2018, CNBC reported, “The Trump administration will impose a 25 percent tariff on up to $50 billion in Chinese goods, a decision that brought swift retribution from Beijing as trade conflicts between the world’s two largest economies escalate.
“In a statement Friday, President Donald Trump said the measures will affect Chinese goods ‘that contain industrially significant technologies.’ The action comes ‘in light of China’s theft of intellectual property and technology and its other unfair trade practices,’ he added.
“Trump noted that the White House could impose additional tariffs if China retaliates with duties of its own on American crops or other products. Beijing did just that on Friday.”
That was his opening salvo. A year later, he told U.S. companies to exit Red China.
On August 23, 2019, CNBC reported, “President Donald Trump on Friday said he was ordering U.S. companies to ‘immediately start looking for an alternative to China, including bringing your companies HOME and making your products in the USA.”
“Trump also said he was ordering all U.S. postal carriers, including FedEx, Amazon, UPS and United States Post Office, ‘to SEARCH FOR & REFUSE all deliveries of Fentanyl from China (or anywhere else!).’”
The president was not only fighting on the trade front, but on the societal front. Fentanyl is a drug Red China concocted for its biological warfare with the USA. It has wasted countless lives and turned city after city into a zombieland as the drug-addicted homeless walk aimlessly about until they stop and freeze like Mitch McConnell at a press conference.
Liberals predicted the gloom and doom of a recession. Conservatives scoffed. Little did we know that Red China would release biological warfare in the form of a virus and bring about a recession. With the aid of its millionaire moles inside Washington — most notably Fauci the Fraud — Red China used its virus to shut down our economy. The communists won without firing a shot.
I wonder how much Fauci or Red China paid Matt Drudge to have him fluff and promote fake news about so many millions of Chinese dying from the virus that they overloaded crematoriums.
On February 10, 2020, the Sun said, “China accused of major coronavirus cover-up as chilling satellite pics ‘show extent of corpse burning in Wuhan.’”
That story was so false that the Sun has scrubbed it from the Internet, but I was able to link it anyway. The story served its purpose at the time. In propaganda, lies are as disposable as Kleenex.
Meanwhile, the media condemned as racist calling it the Wuhan Flu. The truths you are not allowed to tell are the truths most dangerous to the regime.
Chairman Xi scared Americans, got us to shut our country down, and almost got his lackey Biden elected president over Trump. Only by Democrat Party cheating — unchallenged by RINOs and cheered by the media — did Biden get in.
Now Xi is punishing the American companies that stayed.
Bed with dogs and you wake up with fleas. What part of down with capitalism did Steve Jobs and Elon Musk not understand?
Red China now is uninvestable as millionaire (and even billionaire) CEOs finally learn what many of us have been saying since Tiananmen Square. The Biden administration is saddened because that may dry up the world’s largest producer of graft.
I remember what the CCP did to Hong Kong, Raimondo doesn’t.
Sorry to do this to you so early on a Holiday (For most of us). China has THE largest oil reserves in the world. The last time they tried to float the 'petro-dollar' was in the 90's when oilman George HW Bush president and as far as I could see, that was the ONLY conservative thing they did in their otherwise liberal 12 years they were in office. China as we speak are trying to do it again but they lack the refinery space that The United States has. You'd think the Biden regime would pounce, but NOT Joe Biden as every single person in his regime is corrupt to the core and hell-bent on destroying our country. FOR THE GOOD OF THE FREE WORLD, GET BIDEN/HARRIS OFF THE WORLD STAGE.