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
  • 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 Presidents’ Day! - February 20, 2023
  • Happy Martin Luther King Jr. Day! - January 16, 2023
  • Russia’s Arctic Oil Seeps into Asia - January 5, 2023

Search Young Research

Most Popular

  • Silicon Valley Bank: What Do Investors Expect?
  • What’s Going On with Banks and Are My Deposits Safe?
  • Will the Black Swan Usher in Digital Dollars?
  • The Education of Barney Frank
  • “Will We Have Enough to Live On Forever?”
  • Vanguard Wellesley (VWINX) vs. Wellington (VWELX): Which Fund is Best?
  • Credit Suisse Announced "Material Weaknesses" In Its Internal Controls
  • Is Deposit Insurance a Solution or a Problem?
  • Major Rail Merger Gets Approval
  • What Does Inflation Mean to You?

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

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

The Importance of a Balanced Portfolio

Invest with Peace of Mind and Comfort

What Kind of Life Are You Investing For?

RSS The Latest at Richardcyoung.com

  • Pushing Back at ESG
  • Your Survival Guy’s BEST Insider’s Guide to Key West
  • Greetings from Key West
  • Cheap Reliable Heating – a Life Saver
  • For Whom Is Your Portfolio Serving?
  • Are You Prepared to Run Out of Water?
  • Biden Has Lost Control of the Northern Border Too
  • Is Plant-Based Meat Unhealthy and Harmful to the Environment?
  • ESG, By-Pass the Ballot Box
  • Are You Living Your Best Life?

RSS The Latest at Yoursurvivalguy.com

  • Your Survival Guy’s BEST Insider’s Guide to Key West
  • Be Wary of Those Who Wrap Themselves in Capes
  • For Whom Is Your Portfolio Serving?
  • ESG: Are Markets Ready for “A Needed Dose of Reality?”
  • Was Silicon Valley Bank a Victim of ESG?
  • Are You Living Your Best Life?
  • March RAGE Gauge: Will the Black Swan Usher in Digital Dollars?
  • Gretchen Whitmer Reviving Forced Unionization in Michigan
  • Will the Black Swan Usher in Digital Dollars?
  • How the Rich Get Richer: You Invest, They Win

About Us

  • About Young Research
  • Archives
  • Contributors

Our Partners

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

Copyright © 2023 | 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.