Friday, October 23, 2020

China “Pwns” Us: How the Chinese Are Buying Up America

https://blog.libertasbella.com/chinese-influence-and-investing/ 

 

It’s not just about the virus: There is also the spectre of deindustrialization, which has been a social disaster for the United States, particularly the rust belt. What’s more, Tucker Carlson and others reported during the early days of the Wuhan Coronavirus outbreak that the United States was dependent on China for basic medical supplies, such as penicillin.

Carlson’s comments are incredibly important, especially when we begin drilling down further into just how reliant the United States is on China: 97 percent of all antibiotics and 80 percent of all active ingredients in American pharmaceuticals come from China. In 2017 alone, the United States imported a whopping $4.6 billion in foodstuffs from the People’s Republic of China.

 

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