Congressman
๐ค SpeakerAppearances Over Time
Podcast Appearances
Well, as you point out, you know, this relationship has evolved.
At first, you know, they portrayed themselves as sort of this benign developing nation.
And we bought into that.
And quite frankly, our private sector viewed it as a huge expanding market.
and the opportunity to lower production costs and sell products.
And as we've seen under Xi Jinping, the true nature of the Chinese Communist Party has become more aggressive and threatening their neighbors as well as our interests around the world.
And so I think it was a hope that they would become, as they became wealthier, they'd become more democratic, more freedom-loving.
It's actually been just the opposite.
And so our policies need to change as a result of that and reflect the reality of this relationship.
Well, it's a great point.
Our goal is to bring clarity and bring this to light.
And so, for instance, when JPMorgan Chase and the Bank of America funded the largest IPO of cattle, a Chinese battery manufacturer that's linked with the Chinese Communist Party and supply chains relying on slave labor linked to the Chinese military, you have American investors
investing in a company that actually could be developing technologies that would be used against our men and women in the military.
Same thing with some of these technologies that are used for surveillance and the abuse of the Uyghurs and Tibetans, other people who are threatened by the Chinese Communist Party.
And unfortunately, our taxpayer dollars
Our financial instruments are all being used to advance this interest.
So we've been working on export controls that protect our national security.
We've been trying to highlight the fact that our investor dollars should not be going to fund the Chinese military.
But you're right.
There's an attractive financial motive for people who are in it to make money in the short term and are not considering the long-term consequences of these actions.