Sen. Marco Rubio (R-FL) plastered American executives that capitulate to the Chinese Communist Party.
During an interview with Fox Business, Rubio said that the trend is “bad for America” and “good for China.”
“What’s happened here over the last 20 years, since China was admitted to the World Trade Organization, is our economy, and many of our most important companies have become heavily dependent on China,” Rubio explained. “This dependence leads to the fact that, on a daily basis now, we have not just government leaders, but major and important American corporations and leaders of industry advocating for policies and taking actions that are bad for America and are good for China.”
“We have American investors and we have people in this country who invest in companies that are building weapons designed to kill American soldiers in the future,” he continued. “And they do not care, because when forced to choose between billions more dollars in profits from China or the well-being of the country they live in and supposedly call ‘home,’ they choose the profits.”
“And that’s incredibly damaging. And I think the Chinese played it that way. They understood that it’s a vulnerability and they continue to exploit it.”
As Rubio mentioned, American executives are hesitant to contradict the Chinese government’s official narratives.
Jamie Dimon — the CEO of JPMorgan Chase, which recently became the first foreign company permitted to take control of a securities business in China — apologized after joking that his firm could “make a bet” with the Chinese Communist Party about which entity would last longer. “I can’t say that in China. They are probably listening anyway,” he added.
“I regret my recent comment because it’s never right to joke about or denigrate any group of people, whether it’s a country, its leadership, or any part of a society and culture,” Dimon said one day later. “Speaking in that way can take away from constructive and thoughtful dialogue in society, which is needed now more than ever.”
“I noted the reports about how the individual involved has sincerely reflected,” responded foreign ministry spokesman Zhao Lijian. “I think this is the right attitude. I hope the media involved will stop hyping this issue.”
According to a new report, Apple CEO Tim Cook secretly signed a $275 billion agreement with the Chinese government, promising that Apple would aid China’s technology industry.
“Apple’s iPhone recently became the top-selling smartphone in China, its second-biggest market after the U.S., for the first time in six years,” explained The Information. “But the company owes much of that success to CEO Tim Cook, who laid the foundation years ago by secretly signing an agreement, estimated to be worth more than $275 billion, with Chinese officials promising Apple would do its part to develop China’s economy and technological prowess through investments, business deals and worker training.”
“Cook forged the five-year agreement, which hasn’t been previously reported, during the first of a series of in-person visits he made to the country in 2016 to quash a sudden burst of regulatory actions against Apple’s business,” the outlet added.
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Source: Dailywire
