{"id":554403,"date":"2021-06-06T12:17:54","date_gmt":"2021-06-06T16:17:54","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=554403"},"modified":"2021-06-06T12:50:20","modified_gmt":"2021-06-06T16:50:20","slug":"us-purge-of-red-assets-is-a-simple-principal-chinese-experts-say","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/us-purge-of-red-assets-is-a-simple-principal-chinese-experts-say\/","title":{"rendered":"US &#039;Purge of Red Assets&#039; Is a &#039;Simple Principal,&#039; Chinese Experts Say"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">24<\/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-purge-of-red-assets-is-a-simple-principal-chinese-experts-say%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=554403&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><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/06\/GetFile-285.aspx\" class=\"ff-og-image-inserted\"  style=\"display:none\"><\/div>\n<p>The U.S. blacklisting of Chinese companies tied to its military represents a &#8220;purge of red assets&#8221; that is a &#8220;simple principle&#8221; amid a &#8220;confrontational relationship,&#8221; according to experts.<\/p>\n<p>&#8220;The national strategy that the United States has set up is to engage in full-fledged competition,&#8221; Washington-based China analyst Li Hengqing <a href=\"https:\/\/www.theepochtimes.com\/us-expansion-of-chinese-company-blacklist-aims-to-purge-the-red-assets-expert_3846190.html\" target=\"_blank\" rel=\"noopener\">told The Epoch Times<\/a>. &#8220;It&#8217;s a competition on every front, rather than just a single aspect.<\/p>\n<p>&#8220;The two countries are now in a confrontational relationship. Why would I invest money in my rival to make it more powerful, so that it can turn around to counter me? It&#8217;s such a simple principle.&#8221;<\/p>\n<p>The remarks come after President Joe Biden&#8217;s executive order this week expanded the Trump administration&#8217;s blacklisting 44 Chinese defense and surveillance technology firms to a total of 59, seeking to mitigate &#8220;the threat posed by the military-industrial complex of the People&#8217;s Republic of China,&#8221; according to the report.<\/p>\n<p>&#8220;It&#8217;s a cleanup of the U.S. capital and assets \u2014 to purge the red assets,&#8221; director of Taiwan\u2019s Institute for National Defense and Security Research&#8217;s Su Tzu-yun told The Epoch Times.<\/p>\n<p>Under the new order taking effect Aug. 2, U.S. investors have one year to divest from those 59 blacklisted companies.<\/p>\n<p>The &#8220;period that was broadly described as engagements has come to an end&#8221; with China in the U.S., according to U.S. coordinator for Indo-Pacific affairs Kurt Campbell.<\/p>\n<p>There will be more Chinese military-linked companies added to the list &#8220;in the months ahead,&#8221; senior U.S. officials &#8220;fully expect,&#8221; the Times reported.<\/p>\n<p>U.S. data shows 248 Chinese companies worth $2.1 trillion are trading on the U.S. exchanges as of May 2021.<\/p>\n<p>The &#8220;civil-military fusion&#8221; in China makes it far to easy for the Chinese Communist Party to take over its businesses.<\/p>\n<p>&#8220;China is fully capable of turning a private enterprise into a military-industrial enterprise overnight,&#8221; Li told the Times.<\/p>\n<p>One particularly powerful Chinese stock Alibaba is an example, noting founder Jack Ma&#8217;s withdrawal from public view and a record 18.2 billion fines the company accepted with &#8220;gratitude and respect,&#8221; he added.<\/p>\n<p>&#8220;No matter what powerful backing Ma had, in no more than four months, Alibaba is almost turning into a state-owned firm,&#8221; Li told the Times. &#8220;Ma Yun [Ma&#8217;s name in Mandarin] has found himself with his back to the wall.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The U.S. blacklisting of Chinese companies tied to its military represents a &#8220;purge of red assets&#8221; that is a &#8220;simple principle&#8221; amid a &#8220;confrontational relationship,&#8221; according to experts. &#8220;The national &#8230;<\/p>\n","protected":false},"author":1,"featured_media":2279364,"comment_status":"close","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/06\/GetFile-285.aspx","fifu_image_alt":"US &#039;Purge of Red Assets&#039; Is a &#039;Simple Principal,&#039; Chinese Experts Say","footnotes":""},"categories":[],"tags":[],"class_list":["post-554403","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"fifu_image_url":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/06\/GetFile-285.aspx","fifu_image_alt":"US &#039;Purge of Red Assets&#039; Is a &#039;Simple Principal,&#039; Chinese Experts Say","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/554403","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\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=554403"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/554403\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2279364"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=554403"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=554403"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=554403"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}