TIME AND REMAINS OBVIOUS TODAY.
WHAT I WANT TO TALK WITH YOU
ABOUT IS HOLDING CHINA TO
ACCOUNT.
VIRGINIA GOVERNOR GLENN YOUNGKIN
JOINED ME YESTERDAY ON SUNDAY
MORNING FUTURES TO DISCUSS THE
TACTICS THAT COMMUNIST CHINA
USES TO GAIN ACCESS TO AMERICA’S
SUPPLY CHAIN AND ITS
INTELLIGENCE AND WHAT THE U.S.
IS NOT DOING ABOUT IT.
WATCH THIS.
>> MY BUSINESS EXPERIENCE, I
HAVE ACTUALLY SAT ACROSS THE
TABLE FROM LEADERS OF THE
CHINESE COMMUNIST PARTY.
I KNOW EXACTLY WHAT THEY’RE
DOING AND THEY ARE USING THEIR
ECONOMIC COERCION TACTICS IN
ORDER TO GAIN ACCESS TO OUR
SUPPLY CHAIN AND THAT’S EXACTLY
WHAT THEY DID TO GENERAL MOTORS
BACK IN 2016 WHEN THEY DEMANDED
GENERAL MOTORS DUMP KOREAN
BATTERY MANUFACTURER, SUPPLIER
CHINA AND REPLACE IT WITH
CATTLE, THIS CHINESE
MANUFACTURER.
MARIA: SO GORDON, WHAT WE’VE
LEARNED ABOUT CATTLE, SINCE THAT
INTERVIEW, IS THAT HUNTER BIDEN
WAS INVESTING IN CATTLE AND HAS
TIES TO THIS CHINESE COMPANY.
AGAIN, MORE EVIDENCE OF
INFLUENCE PEDDLING AND THE BIDEN
FAMILY GETTING INVOLVED IN
CHINESE COMMUNIST PARTY
CONTROLLED COMPANIES AS IT TRIES
TO UNDERMINE AMERICAN BUSINESS.
YOUR THOUGHTS?
>> WELL, CHINA USES EVERY POINT
OF CONTACT WITH THE UNITED
STATES TO DEHE STROY DESTROY OUR
AND OF COURSE BUSINESS IS ONE OF
THOSE PRIMARY CONTACTS AND WE
JUST NEED TO CUT THOSE TIES
BECAUSE THERE’S NO WAY YOU CAN
MANAGE CHINA ON SOMETHING LIKE
THIS.
AND ESPECIALLY WITH THIS BIG
CATTLE INVESTMENT WITH FORD.
YOU KNOW, GOVERNOR YOUNGKIN TO
HIS GREAT CREDIT SAID NO, I’M
NOT ALLOWING FORD IN VIRGINIA AS
LONG AS IT HAS CHINA CONNECTION.
SO THIS PLANT WILL BE BUILT IN
DETROIT INSTEAD.
AND I THINK THAT IT’S REALLY
IMPORTANT THAT EACH OF THOSE
GOVERNORS TAKE THAT INTO ACCOUNT
BECAUSE CLEARLY THIS IS A
NATIONAL SECURITY RISK.
IT’S GETTING WORSE.
CHINA IS BECOMING MUCH MORE
MALICIOUS AND MUCH MORE
DETERMINED AND USING BUSINESS
TIES TO TAKE DOWN OUR ECONOMY
AND OUR SOCIETY AS A WHOLE.
MARIA: AND YOU KNOW, YOU SEE
THE BEHAVIOR ONGOING.
I MEAN, IF YOU GO AGAINST THE
NARRATIVE OF THE CHINESE
COMMUNIST PARTY, YOU MAY GET
DISAPPEARED.
LOOK WHAT HAPPENED TO THE CHINA
RENAISSANCE CHAIRMAN, NOW THE
COMPANY TELLS US THAT BOW FAN IS
COOPERATING IN AN INVESTIGATION
WITH CHINESE OFFICIALS MORE THAN
A WEEK AFTER THE FIRM SAID IT
HAD NOT BEEN ABLE TO CONTACT
HIM, GORDON.
SO WHAT THE CCP DONE IS IT JUST
WENT, PICKED UP THIS MAN WHO
RUNS THE FIRM AND DISAPPEARED
HIM AND NOW WE UNDERSTAND HE’S
COOPERATING WITH A PROBE INTO
HIS FIRM.
>> YEAH.
THIS IS A A REALLY SIGNIFICANT
STORY BECAUSE THE NARRATIVE ON
WALL STREET WAS THAT THE TECH
CRACKDOWN WAS OVER.
NO, IT’S NOT BECAUSE BOW FAN IS
ACTUALLY AT THE CENTER OF MANY
OF CHINA’S TECH DEALS BECAUSE HE
FINANCED THEM OR HE A ARRANGED
THE FINANCING AND WHEN HE --
WHEN CHINA RENAISSANCE ANNOUNCED
THAT IT COULD NOT CONTACT HIM ON
FEBRUARY 16th, I MEAN, THAT
SENT SHOCK WAVES INSIDE CHINA
AND IT SHOULD HAVE SENT SHOCK
WAVES THROUGH WALL STREET
BECAUSE WHAT WE’RE GOING TO SEE
AFTER THIS IS GOING TO BE A
NUMBER OF LAW ENFORCEMENT,
QUOTE, UNQUOTE, ACTIONS AGAINST
CHINESE TECH AND OTHER COMPANIES
BECAUSE OF THE BOW FAN
INVESTIGATION.
MARIA: WELL, GORDON, REAL
QUICK, WHAT DO YOU THINK THIS MEANS FOR SEQUOIA.
MEANS FOR SEQUOIA.
IT’S AMAZING THAT SE CHOIR YA TH
OF THE PREMIER CAPITAL FIRMS IS
RUN BY CHINA, THE HEAD OF SE
CHOIRSEQUOYAH CHINA IS --
>> IT’S NOT THE ONLY VENTURE
CAPITAL FIRM IN SILICON VALLEY
THAT FITS THE DESCRIPTION.
IT’S NOT THE ONLY COMPANY
THROUGHOUT THE UNITED STATES
THAT FITS THAT DESCRIPTION.
WE HAVE JUST GOT TO CUT THOSE
TIES BECAUSE IF WE DON’T, WE ARE
GOING TO LOSE OUR ECONOMY AND
EVENTUALLY OUR SOCIETY AS WELL.
MARIA: REALLY EXTRAORDINARY
STUFF HERE, GORE DON’T YOU’VE
BEEN ON IT FROM DAY ONE.