via Reuters.
The U.S. government has also blocked a string of Chinese acquisitions over national security concerns, including Ant Financial’s proposed purchase of U.S. money transfer company MoneyGram International Inc (MGI.O).Story here.
“We want to build a network so the Chinese can’t listen to your calls,” the senior official told Reuters. “We have to have a secure network that doesn’t allow bad actors to get in. We also have to ensure the Chinese don’t take over the market and put every non-5G network out of business.”
I've watched the deals being blocked by the Federal govt and silently cheered. As big a buffoon as I think Trump is turning out to be, as many times as he's shot himself in the leg, I can still call it when the feds get it right.
They're getting it right with this initiative.
The US is finally taking steps to deal with the real threat to the republic. The Chinese. The political witch hunt involving collusion with the Russians has already faded away and the focus is on Trump's trying to block the investigation.
That's irrelevant.
They're getting eyes on China and the focus is becoming sharper.
Far from complete but this is a good first step.
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