Witness Calls Out Wall Street For Financing China

A witness testifying to Congress has called out Wall Street for financing China, according to Mediaite. Sitting before the House Select Committee on the Chinese Communist Party, Roger Robinson reportedly recommended that Congress create a wider gap between financial interests and the communist country. 

Robinson, who was the former chairman of the Congressional U.S.-China Economic and Security Review Commission, said that Wall Street will do whatever is not illegal, suggesting that their investments are not limited or bound by morality. Robinson remained honest and claimed that human rights abuses and national security are not the concern of financiers, whose chief priority is predictability and profit. He called it a “focused, narrow mindset.”

Because of this mindset, he claimed that Wall Street is not going to lead, but they will follow. He showed his support for Republican Rep. Andy Barr’s bill, dubbed the Chinese Military and Surveillance Companies Sanctions Act. The bill states that the CCP uses civilian Chinese companies to advance its military-industrial complex, adding that it then exploits the investors in the United States “to finance the development and modernization of its military.”

In November, it was revealed that over 150 Chinese scientists who were trained in the U.S. were now working for the CCP, according to the National Pulse. Their research included advancing military technologies. Some of the research allegedly involves “hypersonic missiles, deep earth-penetrating warheads, [and] quiet submarines.” 

American companies have been under the microscope for turning a blind eye to human rights abuses in China, particularly the genocide and imprisonment of the Uyghur Muslim population. Disney was criticized when it released its 2020 remake of Mulan because it was filmed in Xinjiang, where the Uyghur minority is being held. The film’s lead actress, Liu Yifei, was also criticized for supporting the crackdowns on pro-democracy protests in Hong Kong.