Congressional Commission Urges Ban on Sale of American Assets to China’s State-Owned Enterprises

Congressional Commission Urges Ban on Sale of American Assets to China’s State-Owned Enterprises
A gas station of the state-owned oil company PetroChina in Chengdu, Sichuan Province, on Aug. 25, 2005. China Photos/Getty Images
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WASHINGTON–A new report by the U.S.–China Economic and Security Review Commission (USCC) calls for a complete ban on allowing China’s state-owned or state-controlled companies to buy U.S. assets. The policy recommendation reflects the growing concern among China experts that China’s incursions into the U.S. economy, especially in areas sensitive for national security, might eventually help the Chinese regime to attack the United States.

The annual report by the USCC on developments in U.S.–China economic and security issues includes recommendations for U.S. policymakers, including “prohibiting the acquisition of U.S. assets by Chinese state-owned or state-controlled entities, including sovereign wealth funds.”