Get 40% Off
🤯 Perficient is up a mind-blowing 53%. Our ProPicks AI saw the buying opportunity in March.Read full update

U.S. lawmakers plan hearings on 'emboldened' China

Published 05/17/2018, 06:01 PM
© Reuters. House Intelligence Committee Chairman Devin Nunes (R-CA) speaks at the Conservative Political Action Conference (CPAC) at National Harbor, Maryland

WASHINGTON (Reuters) - U.S. House of Representatives Intelligence Committee leaders said on Thursday they will hold a series of hearings in coming months looking at what they see as serious threats from China, continuing strong calls in Congress for tough dealings with Beijing.

"China has only become emboldened and now may be the pre-eminent threat to American security, our economy and our values," U.S. Representative Devin Nunes, the committee's Republican chairman, said at a hearing focused on China's military expansion.

He said the committee would also look at issues including China's efforts "both legal and illicit" to acquire national security technology and U.S. intellectual property, its "influence campaign" and its technology strategy.

The public hearing - unusual for a committee that conducts most of its business behind closed doors - took place the same day as Washington and Beijing were launching a second round of talks to try to avert a trade war.

Representative Adam Schiff, the committee's top Democrat, said he hoped the panel would hold more public hearings related to China, particularly focusing on cyber security threats.

Ahead of those talks, members of Congress, including President Donald Trump's fellow Republicans, have been pushing back on suggestions that Trump might ease a clampdown on one major Chinese company, telecommunications equipment maker ZTE Corp (HK:0763), in exchange for eased agricultural tariffs.

Separately on Thursday, Republicans and Democrats on the House Appropriations Committee unanimously backed an amendment that would bar Trump's Department of Commerce from renegotiating sanctions on ZTE, a rebuke to Trump.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

The measure will be included in a Commerce, Justice and Science appropriations bill due to be considered by the full House of Representatives later this month.

At the hearing, Schiff said, "We need to consider that the military challenge is part of a larger national strategy by China to project its power and to secure its national interests by whatever means necessary."

He said that included sales of "potentially compromising" telecommunications equipment in the United States by ZTE and Huawei, another major Chinese company.

U.S. intelligence agencies have warned that ZTE's products pose a threat to U.S. cyber security, alleging that they could be used to spy on Americans or steal intellectual property.

Latest comments

An excuse to bring in public and private members of the military/intelligence/defense industry to scare the citizenry into going deeper in debt to "make America safe". . . The biggest and easily the scariest threat to world peace is the US. Pogo was prescient when he said "we have met the enemy and it is us"
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.