Young Research & Publishing Inc.

Investment Research Since 1978

Disclosure

  • About Us
    • Contributors
    • Archives
    • Dick Young’s Safe America
    • The Final Richard C. Young’s Intelligence Report
    • You’ve Read The Last Issue of Intelligence Report, Now What?
    • Dick Young’s Research Key: Anecdotal Evidence Gathering
    • Crisis at Vanguard
  • Investment Analysis
    • Bonds
    • Currencies and Gold
    • Dividend Investing
    • ETFs & Funds
    • Investment Strategy
    • Retirement Investing
    • Stocks
    • The Efficient Frontier
  • Investment Counsel
  • Dynamic Maximizers®
  • Retirement Compounders®
  • Free Email Signup

Spy Trains? Are Chinese Trains and Buses Spying on Americans?

August 5, 2019 By Young Research

By ArtisticPhoto @ Shutterstock.com

Congress is working on legislation aimed at banning the purchase of Chinese bus and rail infrastructure by Americans. Some advocates are happy about protecting U.S. manufacturers, but others are more focused on the possibility that cameras and location tracking devices in Chinese manufactured buses and trains could pose a surveillance threat to Americans. The Wall Street Journal‘s Terfor Moss and Lindsay Wise report:

The effort threatens to further fray U.S. trade talks with China, which wants to become a global player in transport and is already fuming over the U.S. decision to blacklist telecommunications giant Huawei Technologies Co.

Advocates said the ban is needed to protect a U.S. industry from subsidized Chinese competition. They also claim cameras, location trackers and other gear in Chinese buses and trains could provide surveillance and strategic information to China’s authoritarian government.

“It’s in the national interest to make sure we have viable rail and bus industries and to protect us from spying and sabotage of our public transportation system,” Rep. Harley Rouda (D., Calif.) said.

The affected Chinese companies deny they pose a national security risk or have unfair advantages. They said they operate in sectors long open to foreign companies and have created hundreds of jobs by opening U.S. plants.

The House passed its version of the annual defense-policy bill on July 12 with language blocking transit agencies from using federal money to buy railcars made by Chinese state-owned, -controlled or -subsidized companies. That targets the U.S. subsidiaries of China’s state-owned CRRC Corp ., which have been making significant inroads into the U.S. market for railcars, estimated at $18 billion annually.

Similar language in the Senate version of the bill, which passed in June, also would apply to buses. That provision takes aim at BYD Co. , a Chinese company that sells electric buses for the U.S. market through unit BYD Motors LLC.

The White House said earlier this month that President Trump supports the House provision affecting rail stock, at a minimum.

Read more here.

Share this:

  • Email
  • Twitter
  • Facebook

You Might Also Like:

  • Chinese Millennials Spend Big on Luxury, but Americans Are too Poor to Keep Up
  • Hydrogen Trains on the Rails in Germany
  • The Chinese are Coming
  • Author
  • Recent Posts
Young Research
Latest posts by Young Research (see all)
  • Happy Memorial Day! - May 30, 2022
  • Happy Easter! - April 15, 2022
  • India and China Quietly Eschew Sanctions, Buy Russia’s Oil - March 24, 2022

Search Young Research

Most Popular

  • Here’s Why You Need a 15-Year Retirement Investment Plan
  • Will the Fed Stick to Its Course?
  • The Power of a Compound Interest Table
  • RECESSION? Dow 25,000, $8 Gas, Rising Interest Rates, Spell Mid-term Crack Up
  • Investing During a Recession
  • Vanguard Wellesley (VWINX) vs. Wellington (VWELX): Which Fund is Best?
  • Swiss National Bank Surprises World with Rate Hike
  • Why Work When Taxes Take It All?
  • Kellogg Cuts Loose with Split Plan
  • Is the Great Job Boom Over?

Don’t Miss

Default Risk Among the Many Concerns with Annuities

Risk and Reward: An Efficient Frontier

How to be a Billionaire: Proven Strategies from the Titans of Wealth

Could this Be the Vanguard GNMA Winning Edge?

Cryptocosm and Life After Google

Warning: Avoid Mutual Fund Year End Distributions

Is Gold a Good Long-term Investment?

How to Invest in Gold

Vanguard Wellington (VWELX): The Original Balanced Fund

What is the Best Gold ETF for Investing and Trading?

Procter & Gamble (PG) Stock: The Only True Dividend King

The Dividend King of the North

You’ll Love This if You’re Dreaming of an Active Retirement Life

RSS The Latest at Richardcyoung.com

  • An Assault on America’s Central Core
  • Hillary Clinton Claws at Relevance by Publicly Insulting Clarence Thomas
  • RURAL RENAISSANCE: America Finds the Country Again
  • The Best Investment Strategy is Simple, Like Analog Music
  • RED WAVE COMING? Americans Fear the Future of Biden’s Economy
  • Biden’s Approval Lower Now than Trump’s Was after January 6, 2021
  • With a Nod from Turkey, Finland and Sweden Speed Toward NATO Membership
  • 10th AMENDMENT: Dobbs Decision a Win for States’ Rights
  • What Just Happened? Fixing Its Historic Mistake
  • Why Work When Taxes Take It All?

About Us

  • About Young Research
  • Archives
  • Contributors

Our Partners

  • Richard C. Young & Co.
  • Richardcyoung.com

Copyright © 2022 | Terms & Conditions

 

Loading Comments...
 

    loading Cancel
    Post was not sent - check your email addresses!
    Email check failed, please try again
    Sorry, your blog cannot share posts by email.