U.S. lawmakers and policymakers should be wary of China's moves to target vulnerable U.S. assets and expand its market share in the wake of the global economic crisis triggered by the novel coronavirus, according to a study prepared for a U.S. trade group and released on Tuesday.
FILE PHOTO: U.S. and Chinese flags are seen before Defense Secretary James Mattis welcomes Chinese Minister of National Defense Gen. Wei Fenghe to the Pentagon in Arlington, Virginia, U.S., November 9, 2018. REUTERS/Yuri Gripas
The Horizon Advisory report for the Alliance for American Manufacturing said the Chinese Communist Party viewed the crisis as “a chance to expand its position in U.S. markets, supply chains and critical infrastructure.” “It’s a very sophisticated strategy,” AAM President Scott Paul said in an interview. “There’s a very legitimate debate that needs to occur about the appropriate role of Beijing in the U.S. economy, and there are reasons to be wary of including Chinese state-owned enterprises in our recovery effort.”
The group was formed in 2007 by U.S. companies and the United Steelworkers to push for policies to expand U.S. manufacturing.
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