A free trade regime so it could retain the status of International Banking center so on call became an important gateway to china for western multinationals but following the recent unrest over the extradition Law International corporations with offices in hong kong fear that chinas going back on the 184. 00 agreement and that rule of law one of the cornerstones of any market economy will be eroded. To discuss that with me in the studio resident china expert Clifford Conan and from singapore were joined by and hitting our. Financial correspondent andrea was start with you. What are you hearing there are bankers really clearing their desks and packing their bags. Well the picture is showing signs of cracking although there based on not peg just yet. This is moving their money out of Auto Hong Kong you know is going to be giving banks something to worry about because its home to it 1. 00 trillion dollar Wealth Management industry now as a 2018 hole call is home to many billionaires is th
Foreign adversaries pose the greatest National Threat of our time. American users makes it a valuable propaganda tool for the c. C. P. To exploit. Over the past week, we sn realtime how the c. C. P. Controlled tiktok, used its influence and power to force users to contact their representatives if they even wanted to continue using the app. And this is just a small taste of how the c. C. P. Weaponizes applications i cols to manipulate tens of millions of people to further its agenda. Todays legislation will end this abuse by preventinlled by n adversaries from targeting, surveilling and manipulating the American People. We have given tiktok a clear choice. Separate from your parent company, which is beholden to the c. C. P. , and remain operational in the United States, or side with the c. C. P. And face the consequences. The choice is tiktok agencies. Companies control conscious tiktoks is tiktoks. Companies controlled by a foreign adversary like the c. C. P. Will never embrace america
Todays legislation will end this abuse by preve controlled by foreign adversaries from targeting surveilling and manipulating the American People. We have giv a clear choice. Separate from your parent company, which is beholden to the c. C. P. , and remain operational in the United States or side with the c. C. P. And face the consequences. The choice is tiktok agencies. Companies control conscious tiktoks is tiktoks. Companies controlled by a foreign adversary like the c. C. P. Will never embrace american also have like freedom of speech, human right the rule of l. If give the choice, they will always choose the path for more control, more surveillance and more manipulation. And in the case of tiktok, we wouldnt even know it. Today we send a clear message that we will not tolerate our adversaries weaponizing our freedoms against us. I encourage my colleagues to support this bill and i reserve the balance of my time. The speaker pro tempore the gentlewoman from washington reserves. The
O americans data, communication networks, devices and applications as the entry points to disrupt our daily lives and conduct espionage activities. And all of this endangers our National Security interests. We have a long history of restricting our tv and radio airwaves from ownership by foreign gernments and individuals due to the National Security concerns that these arrangements pose. Social Media Companies should also face similar scrutiny. After all while technology has evolved, the threats are very much the same. And i also take the concerns raised by the Intelligence Community very seriously. They have asked congress to give them more authority to act and narrowly in narrowly defined situations. I believe this bill will do just that by addressing the National Security risks posed by applications operated by companies controlled by foreign adversaries. While this bill establishes a National Security framework that could apply to other applications, much of the public attention is
Requiring tiktok divest from china or face a u. S. Ban. One member voting present. The bill goes to the senate. Heres the house debate on the legislation, fromar he protecting americans fron adverd applications act. Foreign adversaries pose the greatest National Threat of our time. Tiktok acceso 177 million american users makes it a valuable propaganda tool for the c. C. P. To exploit. Over the pask, we saw in realtime how the c. C. P. Controlled tiktok, used its influence and power to force users to contact their representatives if they even wanted to continue using the app. And this is just a small taste of how the c. C. P. Weaponizes applications it controls to manipulate tens of millions of people to further its agenda. Todays legislation will end this abuse by preventing apps controlled by foreign adversaries from targeting, surveilling and manipulating the American People. We have given tiktok a clear choice. Separate from your parent company, which is beholden to th■e c. C. P.