{"id":2021512,"date":"2023-09-04T15:26:02","date_gmt":"2023-09-04T19:26:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/us-must-be-vigilant-of-chinese-investors-buying-farmland-businesses-commerce-secretary\/"},"modified":"2023-09-04T15:27:15","modified_gmt":"2023-09-04T19:27:15","slug":"us-must-be-vigilant-of-chinese-investors-buying-farmland-businesses-commerce-secretary","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/us-must-be-vigilant-of-chinese-investors-buying-farmland-businesses-commerce-secretary\/","title":{"rendered":"US Commerce Secretary warns of the need to monitor Chinese investors purchasing farmland and businesses."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">30<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fus-must-be-vigilant-of-chinese-investors-buying-farmland-businesses-commerce-secretary%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2021512&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div data-post-content=\"true\" class=\"post_content\" id=\"post_content\">\n<h2>U.S. Commerce Secretary Stands Firm on China-Related Semiconductor Restrictions<\/h2>\n<p>In\u2062 a recent interview with CNN, U.S. Commerce Secretary Gina Raimondo acknowledged the &#8220;legitimate concerns&#8221; surrounding Chinese investments in the United States. She emphasized\u2062 that the Biden administration is committed to not compromising on China-related semiconductor restrictions.<\/p>\n<blockquote>\n<p>&#8220;We have to be real about those concerns,&#8221; Ms. Raimondo stated. &#8220;So to the extent that Chinese investors, buying\u200d farmland, buying U.S. businesses,\u2064 erodes our national security, then we\u200b should \u200cstop it.&#8221;<\/p>\n<p>While recognizing the benefits of investment, the Biden administration\u200d remains vigilant in preventing Chinese investment that could harm national security, she added.<\/p>\n<\/blockquote>\n<p>Ms. Raimondo also addressed allegations of the\u200c government diluting the U.S. semiconductor ban on\u200b China. Last year, the Biden administration unveiled\u2063 export controls to\u200c restrict China&#8217;s access to <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/new-u-s-chip-ban-could-cripple-chinese-development-of-ai-and-supercomputers\/\" title=\"New U.S. Chip Ban Could Cripple Chinese Development of AI and Supercomputers\">advanced semiconductor chips made<\/a> \u200cwith U.S. technologies. These chips are used in various applications, from pickup\u2063 trucks to hypersonic missiles.<\/p>\n<div class=\"shortcode\">\n<div class=\"border-comp-divider mb-4 mr-4 w-full max-w-[500px] border px-5 py-4 text-[16px] leading-[20px] text-[#262626] md:float-left\">\n<div class=\"mb-3 font-sans text-[16px] font-semibold uppercase leading-[19px] text-[#2F2F2F]\">Related\u200c Stories<\/div>\n<ul>\n<li>\n<div class=\"grow\">\n<div class=\"mb-1 line-clamp-2\"><a href=\"http:\/\/www.theepochtimes.com\/opinion\/chinas-economy-remains-a-bad-bet-5484604\">China\u2019s Economy Remains a Bad Bet<\/a><\/div>\n<div class=\"text-comp-caption text-[14px] leading-[18px]\">9\/4\/2023<\/div>\n<\/p><\/div>\n<\/li>\n<li>\n<div class=\"grow\">\n<div class=\"mb-1 line-clamp-2\"><a href=\"http:\/\/www.theepochtimes.com\/opinion\/if-chinas-xi-jinping-were-to-die-options-for-the-post-ccp-world-5484237\">If China&#8217;s Xi Jinping \u2062Were to Die: Options for the Post-CCP World<\/a><\/div>\n<div class=\"text-comp-caption text-[14px] leading-[18px]\">9\/4\/2023<\/div>\n<\/p><\/div>\n<\/li>\n<\/ul><\/div>\n<\/p><\/div>\n<p>The administration \u2064has faced criticism for potentially undermining \u2062the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/us-must-be-vigilant-of-chinese-investors-buying-farmland-businesses-commerce-secretary\/\" title=\"US Commerce Secretary warns of the need to monitor Chinese investors purchasing farmland and businesses.\">semiconductor ban policy<\/a> by granting &#8220;carve outs&#8221; to certain major firms. These exemptions are\u200b set to expire in October.<\/p>\n<p>For example,\u200d Taiwan Semiconductor Manufacturing Co. obtained an \u2062exemption, allowing them to continue expanding their facilities in China.<\/p>\n<p>Addressing this issue, Ms. Raimondo clarified, &#8220;No one ever said we want\u2063 to decouple from China as\u200d it relates to semiconductors. We ship billions of dollars of semiconductors every year to China, which is good\u2063 for the American economy and \u2063businesses. \u2064We will continue to do that. Those are chips that\u200b are \u200creadily available around the world.&#8221;<\/p>\n<p>She emphasized, &#8220;What \u200dwe are going to do, \u2062and we will not\u2064 compromise on, is preventing the sale of our most sophisticated, most \u200bpowerful semiconductors to China, which China wants for its military.&#8221;<\/p>\n<p>Ms. Raimondo highlighted her tough \u2064stance on China, stating, &#8220;No Commerce Secretary\u2062 has been tougher than\u2062 I on China. Almost a third of the companies from China on the Entity List have been put there under President Biden&#8217;s administration and my leadership of Commerce.&#8221;<\/p>\n<p>Recently, Ms. Raimondo spoke at \u200dan event held by the\u2063 American Chamber \u200bof Commerce in Shanghai, urging\u200d U.S. businesses to continue investing\u200d in China despite the challenges they may face.<\/p>\n<p>Concerns\u200c about Chinese \u2064companies are growing among U.S. \u200dlawmakers. In a bipartisan meeting \u2062at Stoughton Trailers in Wisconsin, \u200bRepublicans, Democrats, industry representatives, and labor representatives recognized the threat posed by the Chinese Communist Party (CCP) to American manufacturing.<\/p>\n<p>Stoughton Trailers, which had built a plant in the 1990s, faced challenges when the CCP&#8217;s subsidies to \u200cdomestic firms affected their business. The company&#8217;s marketing manager, Ron Jake, explained that the situation improved after <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-to-authorize-defense-production-act-to-push-green-agenda\/\" title=\"Biden to Authorize Defense Production Act to Push Green Agenda\">anti-dumping duties<\/a> were imposed on Chinese manufacturers.<\/p>\n<p>Mike Gallagher (R-Wis.), chair of the House Select \u200dCommittee on the CCP, highlighted the unfair \u200ccompetition American companies face from Chinese firms that cannot go bankrupt or be underpriced.<\/p>\n<p>Last\u2062 year,\u200d a group of House \u2062Republicans expressed concerns about foreign investment in American farmland and its impact on national security, trade, and \u200cfood security.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>real estate, or investing in critical technologies, we have to be very careful and make sure we protect our national security interests. We will not back down on semiconductor restrictions; it&#8217;s a priority for us.&#8221; U.S. remains cautious about Chinese investments and is determined to safeguard national security.<\/p>\n","protected":false},"author":186,"featured_media":2021513,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[543],"tags":[],"class_list":["post-2021512","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-epoch-times"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2021512","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/186"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2021512"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2021512\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2021513"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2021512"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2021512"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2021512"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}