Posts tagged #China

Thinking the Folks in St. James and The Lens May Be Onto Something Here

Earlier this week a plant in Yancheng China exploded, killing a dozen, injuring even more. This most recent explosion at a Chinese plant has been a growing trend in recent years for plants in Red China. The CNN report notes "the lack of safety standards" that has resulted in numerous explosions over the years. In 2016, a Wanhua plant exploded, killing 4 people and injuring even more. These plants have a history of weak safety standards, failed reports, and "management failures." 

If this name, Wanhua, sounds familiar, that's because it is. Remember when we here at Cajun Conservatism reported on the bailout money at taxpayer expense being sent to the Chinese government by Gov. John Bel Edwards and warned about this? Well, this is the company we were talking about. 

Again, why are we financing, at taxpayer expense, foreign corporation with a blatant disregard for the safety of their employees and the surrounding area?

The video on the explosion can be seen here: Dozens killed in explosion at Chinese chemical plant

Posted on March 22, 2019 and filed under John Bel Edwards.

JBE's Chinese Investment Goes Down the Drain

Photo source: Inside Sources

Photo source: Inside Sources

Cajun Conservatism recently pointed out that our governor decided to do business with China in this post.  Now, Congressman Peter King (R-NY) addressed, in a recent House Intel Committee meeting, that a Chinese company, Wanhua Chemical, who John Bel Edwards gave state taxpayer money to, is reconsidering their investment in Louisiana.  As indicated in this piece, it is troubling to have an "economic enemy", as President Trump has called China, acquiring American technology.

China aggressively seeks to acquire American technology and intellectual property through multiple vectors including: physical and cyber theft, forced technology transfers, evading United States export controls, export restraints on raw materials, and investments in more than 600 high-technology assets in the United States worth close to $20 billion.

Secondly, this is a clear indication of the trade imbalance that remains between the US and China.  The main reason that this project was cancelled was because of labor and material costs.  The citizens of Louisiana should be rightly concerned about a plant being built with Chinese material and being fabricated by Chinese labor.

 

Posted on July 19, 2018 and filed under Economy, Louisiana, John Bel Edwards.

Why Are Louisiana Taxpayers Subsidizing America’s “Economic Enemy,” The People’s Republic of China?

Photo source: Inside Sources  

Photo source: Inside Sources  

If Donald Trump is having a trade war with China, word has yet to reach Louisiana.

At the same time the Trump administration is calling China “an economic enemy” and their business practices a threat to “the economic and national security of the U.S.,” Louisiana Gov. John Bel Edwards (D) has identified the People’s Republic as his state’s “primary foreign direct investment” partner.

Read more: Why Are Louisiana Taxpayers Subsidizing America’s “Economic Enemy,” The People’s Republic of China?

Posted on June 22, 2018 and filed under John Bel Edwards, Louisiana.