The CCP Validates Trump Opposition to Investing in Its Companies
This is Frank Gaffney with the Secure Freedom Minute.
Chinese Communist Party regulators have just implicitly confirmed strong warnings against investing in China issued by Trump administration officials and independent experts like former Reagan advisor Roger Robinson.
Beijing’s investigations of wrongdoing by Alibaba and Ant Group – conglomerates associated with billionaire Jack Ma and favorites of Wall Street – validate the inadvisability of American underwriting of non-transparent and unaccountable Chinese companies.
The CCP crackdown on Ma’s enterprises is clearly politically motivated. He dared to criticize China’s financial system and is being punished for it. But such an official take-down can happen to any Chinese company at any time. And U.S. investors generally have no recourse if they suffer costly losses as a result.
President Trump and his team are right to have acted to impede CCP fundraising in our capital markets, especially for those helping it oppress the Chinese people and threaten ours.