By: Jianli Yang – Mar 28, 2022
A recent Wall Street Journal report notes that lawmakers are acting to resolve entrepreneur Elon Musk’s business ties to China, which they fear may include the People’s Republic of China connections to SpaceX. Rep. Chris Stewart (R-Utah) wants to hold confidential briefings on Capitol Hill to assess the severity of the situation. Sen. Marco Rubio (R-Fla.) introduced legislation aimed at rectifying the problem, telling the newspaper that “any company operating in China is going to be pressured and exploited by the Chinese Communist Party (CCP).
Musk drew criticism early this year for showcasing his new Tesla showroom in Xinjiang, where China keeps millions of Uyghurs in concentration camps. Only weeks earlier, President Biden had signed into law the Uyghur Forced Labor Prevention Act, to restrict U.S. imports from the region.
Musk may take the brunt of the heat for doing business with the largest communist state, but this problem is not exclusive to the world’s richest man. Plenty of U.S.-based businesses and businessmen have cozied up to China’s… [Continue Reading]
Source: https://thehill.com/opinion/finance/599835-congress-tries-to-shut-off-chinas-corporate-money-spigot