From ‘Made in China’ to ‘Owned by China’: 20 deals show how China is gobbling up U.S. assets

Via 4Branch

Between 2002 and 2016, Chinese state-owned or state-linked companies acquired more than $120 billion worth of assets in 40 states across the U.S.

 S. lawmakers are seeking how to address growing American supply chain concerns amid the global coronavirus pandemic. In addition to most consumer goods and electronics, China reportedly manufactures "more than 90% of U.S. antibiotics, vitamin C, ibuprofen and hydrocortisone, as well as 70% of acetaminophen," among other crucial drugs imported by the U.S.

Sen. Rick Scott (R-Fla.) has become one of the most vocal critics of the Chinese Communist Party and has urged a boycott of goods made in China. “We have to pass a law: Stop buying anything from Communist China,” Scott said in a recent interview. "Nothing. Don’t buy any products from them."

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