China acquiring USA one company at a time

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What’s the best way for a country like China to exert its influence over the U.S. economy? Acquire American-owned companies like Chinese-owned Haier just did when they purchased General Electric’s (GE) appliance business for $5.4 billion.

So much for American independence and authentic Independence Day celebrations on July 4th.

America can no longer claim to be an independent nation when our manufacturing base is under foreign ownership or foreign control. After all, ownership equals control, and control equals sovereignty. We lose our sovereignty as a nation when foreign companies buy our land, factories, and companies.

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U.S. Military Voices Worries Over South Korean Use of Chinese Telecom Gear

Chris Bush, a spokesman for the U.S. Forces Korea said the command is concerned that a deal between China’s Huawei Technologies, Inc. and the South Korean company LG could undermine operational security.

“Telecommunications equipment is inherently vulnerable to a multitude of threats, from interception and monitoring to malicious software and applications, regardless of service provider,” Bush told the Washington Free Beacon when asked about security concerns related to the Huawei-LG deal.

A former senior Obama administration official said he is very concerned that the use of Huawei equipment in a nationwide telecommunications system on the peninsula ultimately will be used for espionage during both peacetime and sabotage in a conflict.

“Huawei is an arm of the Chinese government,” the former official said of the controversial equipment manufacturer that has been blocked several times from purchasing U.S. companies. He spoke on condition of anonymity because of the sensitivity of the evidence against Huawei. Continue reading