Pundits and politicians alike, when excusing their strategic dealings with China, are quick to remind their audiences that today’s China is a “centuries old civilization” rich in tradition and ancient religious discipline. A Confucian civilization that is still upset over wrongdoings during the European colonization period.
Such a view is wrong. The China we are confronted with today is nothing like that pre-nineteenth century nation. Since the reign of Mao Tse-tung began in 1949, Communist China, much to the dismay, torture, and death of its own citizens, has been governed by tyrannical thugs, thirsty to expand their dictatorial regime and unrelenting in their hatred of Western Civilization and the United States.
Militarily, China has literally surrounded the US. Once there was a Monroe Doctrine to forbid any foreign power to exert influence in American’s back yard, meaning South, Central and North America. All nations respected that doctrine as America vigorously imposed it. That is until China played on the growing weakness of American foreign policy, as when Jimmy Carter gave away the Panama Canal and scuttled all American bases in one of the most the strategic locations of American defense. Since then, China has established relationships and bases in several South and Central American nations. Continue reading
Has the United States ever experienced a time when a foreign nation has attempted to buy up so much of our land all at once? As you will read about in this article, the Chinese are on a real estate buying spree all over America. In fact, in some cases large chunks of land are actually being given to them. Yes, you read that correctly. China is on the way to becoming the dominant land owner in the entire country, and that is starting to alarm a lot of people. Do we really want a foreign superpower to physically own so much of our territory?
There are some that are playing down this threat by making a distinction between the Chinese government and Chinese corporations, but things work differently over in China than they do here. In China, the government is involved in everything. In fact, 43 percent of all corporate profits in China are produced by companies that the Chinese government controls. And all of the rest of the companies are very careful to follow the lead and direction of the Chinese government. Continue reading
The U.S. government should soon give the go-ahead for the largest ever Chinese acquisition of a U.S. company: a Chinese food group’s $4.7-billion (U.S.) deal to buy Smithfield Foods Inc., a person familiar with the matter told Reuters.
Government approval of the purchase of Smithfield by Shuanghui International Holdings would be a major step forward for the deal. But it still needs shareholder approval, and at least one substantial shareholder is looking for a higher price. Continue reading