Tag: Chinese companies

Commentary: Voters Want China Out of American Farmland

Michigan Star Staff
China Farmland

Americans firmly reject the Chinese agenda of acquiring U.S. assets, especially vital strategic ones like American farmland. Battleground polling reveals that this issue provides an opportunity for patriotic populist candidates to protect the heartland, provide a stark contrast vs. the leftist big business globalists, and reap substantial political benefits in November’s elections.

Of course, Chinese companies and nationals buy substantial real estate across the board in America, not just farmland. According to National Association of Realtors data, China remains by far the largest source of foreign purchases of U.S. homes. Last year, the Chinese bought $13.6 billion in American homes, more than double the $6.1 billion they spent the year before.

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U.S. Public Pensions Invest over $68 Billion in China

Michigan Star Staff
NYSE Money

American public pension funds have invested tens of billions into Chinese companies over the last three years, according to a new study.

As reported by Axios, the study from the trade advocacy group Future Union shows that a total of $68 billion has been invested in various private Chinese entities in the last three years as of June 30th. There has been at least one public pension fund with investments in China in 42 different states.

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Biden Admin to Bar Chinese Telecom Giants from U.S. Market

Michigan Star Staff

The Federal Communications Commission (FCC) plans to ban telecommunication devices and video surveillance equipment from five Chinese companies in a recent move to address national security concerns, according to Axios.

The proposed FCC ban blocks Huawei,  ZTE, Hytera Communications Corporation, Hikvision and Dahua Technology Company on national security grounds, marking the first time the FCC has attempted to implement an electronics ban on that basis, Axios reported. The proposed ban follows an Oct. 5 draft order circulated by FCC Chairwoman Jessica Rosenworcel that, if approved through a vote, will effectively block all equipment sales by firms that pose a threat to the U.S., according to Axios.

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Biden Lifts Economic Ban on Chinese Military Tech Company

Michigan Star Staff
Sugon device

Joe Biden signed an executive order updating the United States’ list of blacklisted Chinese companies, dropping the ban on at least one company that was originally put on the list by President Donald Trump, the Washington Free Beacon reports.

Biden lifted the blacklist on the company Sugon, which was first banned by President Trump in November of 2020. The company is responsible for selling “supercomputers” to the Chinese military, for use in nuclear weapons research. Sugon also specializes in facial recognition software, cloud computing, and other surveillance technology that has been used by the Chinese Communist Party (CCP) against the Uyghur Muslim population.

Although Biden’s updated list still maintains bans on such companies as Huawei and Hikvision, the removal of Sugon was noted as “strange” by Michael Sobolik, a fellow with the American Foreign Policy Council.

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