China's communists are exploiting US business subsidies to steal and spy

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'Recent reports acknowledge that Communist China's nuclear arsenal is now larger than our own. Throw in a Chinese spy balloon shot down over the US, and the picture is crystal clear to the average American taxpayer,' Peter Hoekstra & Joseph Cella write.

In Michigan, Gov. Gretchen Whitmer is taking a victory lap. The Democrat-controlled legislature's appropriations committees are at the threshold of authorizing two battery projects to receive billions in state economic assistance and incentives. One is the Ningde, China-based Contemporary Amperex Technology in Marshall. The other is with the Hefei, China-based Guoxuan High-Tech in Mecosta County.

In Michigan, the legislature should immediately freeze or repeal all incentives for the CCP to participate in any economic development activities in critical technologies, including with these two proposed battery plants. The CCP has consistently used these opportunities to benefit only itself.

Both of the Michigan projects have been rushed, and all parties involved are covered by binding five-year non-disclosure agreements. It is particularly striking that Ford, an international business, and its Chinese partner have not voluntarily submitted themselves to a review by the Treasury Department's Committee on Foreign Investment in the U.S., the interagency committee authorized to review certain transactions involving foreign investment to determine their effect on national security.

Congress needs to close the loophole that Ford and its Chinese partner are exploiting for this project. Both projects in Michigan should also be subjected to a national security review process, which is intended to protect key technologies from falling into hostile foreign hands like those of the Chinese communists.

 

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