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DeepNewz, mobile.
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Recent discussions in Congress highlight growing concerns over U.S. financial ties to China amid escalating tensions. The bipartisan China Financial Threat Mitigation Act has been introduced in the Senate, aiming to enhance protections for American financial assets and curb adversarial influences. Lawmakers emphasize the need for safeguards to prevent China from leveraging U.S. capital against national interests. A report indicates that the Chinese military now poses a significant threat, with capabilities to win in a conflict with the U.S. Analysts argue that tightening export controls on Chinese technology and restricting outbound U.S. investments are crucial for national security, as the potential for conflict with China increases under Xi Jinping's leadership.
A new report argues that further tightening of export controls on Chinese technology and increased restrictions on outbound U.S. investment into China are vital to winning a conflict that it says Xi Jinping will inevitably escalate. https://t.co/Gl6Eoms5HJ
🚨“We are financing an adversary that poses an existential threat to our national security and economic prosperity.”🚨 An excellent piece by @CraigMSingleton and @brianjcavanau, making the case that Congress must act to restrict outbound investment to 🇨🇳 https://t.co/oIxInG72Fi
🚨The Senate introduced my bipartisan, House-passed China Financial Threat Mitigation Act. Congress must do more to strengthen America’s response to emerging financial threats from the Chinese Communist Party. This step moves us closer to protecting our economic interests.