Editor’s note: This article shows that even if a private Chinese company buys a US company, the enterprise is subject to being bought by or influenced by the government in Beijing. BEIJING—Chinese authorities confirmed the transfer of nearly full ownership of troubled Anbang Insurance Group Co. to a government-controlled fund, effectively transforming a once boldly entrepreneurial firm…
Editor’s note: Steel tariffs are causing a South Carolina steel plant to reopen with $5B planned investment and 125-300 new workers. British industrialist Sanjeev Gupta’s GFG Industrials on Monday reopened a shuttered South Carolina steel plant in a move that will allow his U.K.-based firm to circumvent the Trump administration’s 25% tariffs on steel imports.…
Editors note: China’s MO is to deny it is trying to acquire power until the power is required. HAMBANTOTA, Sri Lanka — Every time Sri Lanka’s president, Mahinda Rajapaksa, turned to his Chinese allies for loans and assistance with an ambitious port project, the answer was yes. [ Maria Abi-Habib | June 25, 2018 | NY Times]…
Editor’s note: CPA generally supports measures to restrict weaponized incoming investment from China and other countries who can take advantage of our open investment regime to procure critical technologies. Treasury is going to announce restrictive measures soon. Also, Congress is working on the Foreign Investment Risk Review Modernization Act which has similar aims. The Treasury…
We may be living through an era in which free trade is relegated to the dustbin of history. That’s because the notion of tariff elimination equaling free trade is becoming quaint. And the concept of a “level playing field” is similarly vague — and probably distracting. Op-ed by Michael Stumo, CEO of CPA, originally appeared…
Editor’s note: China investment in the US is down by a whopping 90%. The economy has not crashed. Those that say we must allow the full flood of incoming investment to buy what it wants were wrong. Chinese investors face two major changes in US policy: Congress is expanding the national security investment review regime…
Editor’s note. CPA supports this administration’s effort to restrict weaponized incoming investment from China and other strategic competitors. New U.S. investment restrictions could restrict Chinese access to over 1,000 U.S. companies in technology and other sectors that the administration has deemed vital to U.S. national security, an administration official told POLITICO. [DOUG PALMER and NANCY COOK | June…
Editor’s note: A Chinese government influenced company should not be allowed to manage the Port of Long Beach. At least until a US government entity manages the Port of Shanghai. This is an example of weaponized foreign investment in the US that the Committee on Foreign Investment in the US (CFIUS) should stop. Chinese state-run…
Editors note: China probably will not “cave” to the tariffs, true. The report released by the White House Office of Manufacturing and Trade Policy yesterday outlined dozens of mercantilist tactics used by the Chinese. It was said, by White House sources in a call that included CPA yesterday, that even if China agrees to stop five or…
THE OPPORTUNITY – ECONOMIC RESEARCH ASSISTANT You are invited to explore the position of Economic Research Assistant with the Coalition for a Prosperous America Education Fund. Our organization is dedicated to educational activities that will result in new and positive U.S. trade and economic policies to help America win the international competition for good jobs,…