CFIUS should block takeover by China of Long Beach port

May 29, 2018, Fairfax, Va.—Americans for Limited Government President Rick Manning today issued the following statement urging the Committee on Foreign Investment in the United States (CFIUS) to block a Chinese company from assuming control of the port of Long Beach, Calif.:

“Under no circumstances should CFIUS permit China to take over management or effective control over the port of Long Beach, a critical channel for foreign commerce, but one that must remain under U.S. control. Long Beach serves as the gateway to and from Asia. In order to ensure that our national and economic security needs are met, neither the Chinese government nor its state-run companies should be controlling such critical infrastructure. The Committee on Foreign Investment in the United States (CFIUS) is becoming one of the most important review boards in Congress, because there are increasing numbers of severely damaging attempts to purchase U.S. intellectual property and other national security assets by overseas actors.

“I was born in Long Beach, Calif. I still have relatives who live in Long Beach. And so this hits particularly close to home. But you need not have visited the port to appreciate the magnitude China taking over one of the busiest containers ports in the U.S., and CFIUS needs to just say no to the deal.”

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