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Congressman Moolenaar on US Investor Dollars Funding China's Military Rise

Fox BusinessJune 5, 20255 min12,354 views
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US Investor Dollars and China's Military Buildup

  • 🎯 Congressman John Moolenaar discusses the critical issue of US investor dollars inadvertently funding the military rise of adversaries, particularly China.
  • 💡 He highlights the involvement of major US banks like JP Morgan and Bank of America in underwriting IPOs for Chinese companies, such as CATL, despite national security warnings.
  • ⚠️ CATL is alleged to have ties to the Chinese military and supply chains linked to forced labor, raising serious concerns about complicity.

Concerns Over Corporate and University Ties to China

  • 🏦 Moolenaar criticizes financial institutions for prioritizing profit over national security, ignoring warnings about affiliations with entities like the Chinese military.
  • 🎓 The congressman also addresses Harvard's partnerships with Chinese entities, including the Xinjiang Production and Construction Corps, which has been linked to genocide.
  • 🔬 He points out that scientific development from such partnerships could ultimately be used against US armed forces.

Policy and Future Steps

  • 🇺🇸 Moolenaar is working with Secretary Besson to implement Trump's National Security Policy Memorandum 3 on outbound investment to strengthen CPHAS.
  • 🚀 The goal is to ensure American investor and taxpayer dollars do not enrich adversaries or fund their military advancements.
  • 🏫 He notes that other universities like the University of Michigan, Georgia Tech, and Cal Berkeley have discontinued similar partnerships, urging Harvard to follow suit.
  • 🗣️ The committee has communicated these concerns to Harvard and is awaiting a response, emphasizing the need for an "America First" approach in education and investment policies.
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What’s Discussed

US-China RelationsNational SecurityOutbound InvestmentCPHAS ReviewChinese MilitaryForced LaborTechnology RaceArtificial IntelligenceElectric VehiclesIPO UnderwritingHarvard UniversityDepartment of DefensePeople's Liberation ArmyAmerica First Policy
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