tv Sunday Morning Futures With Maria Bartiromo FOX Business December 27, 2020 6:00pm-7:00pm EST
maria: happy christmas. merry christmas to all. welcome to sunda sunday morning futures. i'm maria bartiromo. 2020 will go down as a hard and sad year for many of us. but it will also be an awakening for many. as we got a clearer understanding of the most important threat to the freedom and liberty of america. the chinese communist party and its plans to become the number one super power in the world. overtaking the united states economically, technologically and militarily. the china virus of 2020 and the ccp's handling of it sparked new awareness as it impacted the most basic fabric of our
democracy, the u.s. presidential election. here's president trump and his director of national intelligence, john ratcliffe. secretary pompeo said he has strong evidence that it did come from the virology lab. we've been reporting this every sunday by the way from early on. you also said that you saw evidence. can you tell us anything about the intelligence. >> no, no, but we have a lot of information. and it's not good. but you know the wors worst of , whether it came from the lab or came from the bats, it all came from china and they should have stopped it. they could have stopped it at that samples i call it the -- source. they call it the source. maria: they made a decision to allow it to escape its borders. >> i don't know if they made the decision but it got out of control. i think more likely it got out of control. >> they intentionally and deliberately down played it in their country, pressured world health organizations and allowed it to spread to the rest of the world and that didn't just have the effect of wrecking the global economy, didn't just have the effect of killing millions of people including hundreds of
thousands of americans, it also had grave political consequences. here in the united states, the pandemic influenced a lot about how people voted, but also how they had to vote. maria: we've spent much of the last several years studying and reporting on this threat and as ratcliffe tells us, the cold war attacks of theft and espionage began years earlier than the coronavirus struck. as the ccp has managed to weave itself through several add midge strayingses and get inside some of america's most important institutions, dni ratcliffe says we're at a point where it is the one country capable of destroying the american dream. >> china and china alone is the greatest national security threat that we face and we see them growing their military. we see them economically as you talk about stealing through intellectual property, stealing through cyber warfare, stealing from our universities, stealing
medical research, all to gain information which they know is what you need to dominate technologically. so china is not a good actor internationally. we need to call them out for what they are, not what they pretend to be and again, going back to covid, it's a perfect example of showing they're not a good international actor, they're intent on dominating the entire world, not just the united states. and the intelligence tells us that. so from my unique vantage point, i want to make sure that the american people are warned about this threat because it's clear. maria: one thing that really struck me is that u.s. intelligence shows that china has conducted human testing on military power, the u.s. intelligence shows that china is conducting human testing on members of the people's liberation army in hopes of developing soldiers with biologically inhappensed capabilities -- enhanced capabilities. they want to degree ate new hugh
-- create new humans that can handle extreme weather, handle chemical attacks. is that right? >> so one of the things i did in this piece was to work hard to try and get information declassified to a level that i could talk about and one of the things you just mentioned, it's called gene editing, altering dna. it's one of the things that our intelligence shows that china is doing. they've got the prc, the people republic of china has 2 million strong in its military and it's trying to make them stronger through gene editing. that's just one of the ways that china is trying to essentially dominate the planet and set the rules in the world order and why it's so important and people need to understand is this is an authoritarian regime, doesn't care about people's individual rights. we've seen what they've done to the uyghurs, seen what they've done in hong kong. it's about putting the state first and that is the exact opposite of what has always made
america great, individual liberties, freedoms, free enterprise. those things are all at stake if china dominates. maria: in fact, jimmy lai, a media tycoon, is sitting in jail because china took him in, detained him and now the word is, he's going to be there until his trial, april 2021. we had him on "mornings with maria" on fox business last week. it's a disgusting story, what's happening to jimmy lai. i want to get your take on joe biden name ago ca cabinet and expecting he's going to have a national security team and hear his obama era picks. i want to get your take on whether or not they agree with you and understand the threat. we've got jake sullivan for nsa, he sent classified e-mails the to hillary clinton's server. he hyped the russiagate coax, co-authored an essay, calling china an essential u.s. partner. anthony blanken, named in senator johnson's report was in
contact with hunter biden and burisma holdings colleagues. alejandro mayorkas, found to have sold green cards to chinese nationals on behalf of democratic donors. and of course afte avril haynese former deputy of john brennan and susan rice who were deeply involved, we understand, john brennan was, in the russia hoax of. does the potential incoming biden administration agree with this about china and will they change policy? >> well, these election issues, we'll see who is in what seats and whether there is a biden administration. but the point of what i've done here and how i've addressed this and why it's different for a director of national intelligence to take this approach is i want to make sure that the american people are clear on the threat so they can hold whoever holds these important national security
positions is held accountable so that the things that the trump administration has done so successfully, that is different than any other administration has done before, sanctions against china, tariffs relating to china, holding them accountable on the world stage, calling out companies like huawei and zte that are veneers for the chinese communist party, the way they can obtain information, you know, all of those things are holding china accountable for who they really are and letting the world know who china really is. that has to continue regardless of who holds these very important national security positions and that's why i'm going about this the way that i am. maria: coming up, china's strengthening military, secretary of state mike pompeo on ba beijing's bullying. first, devin nunes on the ccp's power grab at the world's ports. >> china is a big problem. we actually are running an
investigation on many aspects of china at the house intelligence committee. i think most americans know that china is in fact stealing our intellectual property. they're spreading globally. we believe that they are looking at investing in ports and infrastructure around the globe. not just for military capabilities, but also to control those governments, to have the ability to lobby and manipulate governments, when you invest in things like financial markets or the energy sector. we made usaa insurance for members like martin. an air force veteran made of doing what's right, not what's easy. so when a hailstorm hit, usaa reached out before he could even inspect the damage. that's how you do it right. usaa insurance is made just the way martin's family needs it with hassle-free claims, he got paid before his neighbor even got started. because doing right by our members, that's what's right. usaa. what you're made of,
media tycoon jimmy lai was on the front lines on those protests earlier this year but he was arrested and taken to a hong kong prison on charges of breaking the new national security law which punishes anyone who speaks against the communist party. we don't know if he will be forced to be tried in a china court or even when we will see him again. his last interview was with me on "mornings with maria" on fox business, right before his arrest. today's backdrop feels very different than past decades of u.s. engagement with china. here now is secretary of state mike pompeo. >> it's a different chinese communist party today than it was 10 years ago and i think the remarks that president trump gave on friday of this past week reflect that. this is a chinese communist party that has come to view itself as intent upon the destruction of western ideas, western democracies, western values, puts americans at risk. the list is long, whether it's stealing american intellectual property, destroying hundreds
and millions of jobs here in the united states, or their efforts to put at risk sea lanes in the south china sea, denying commercial traffic the opportunity to move through armed encampments, in places china has no right to be. the list of actions from the chinese communist party is long and for the first time we have a president of the united states who is prepared to push back against that and protect the american people. maria: it was back in 2015 when you were talking about china's ip theft. back in 2012, when you were talking about china's maligned cyber activity. did something change during this administration, though, that you learned something about huawei and the chinese communist party tracking americans? >> the chinese communist party has become much more aggressive. you're right. this issue's been out there for a long time, as far back as 2012 for sure. but they've become more aggressive. they've become more aggressive in their efforts to do disinformation campaigns like we saw when the coronavirus was
moving around the world, when they closed down their own province but allowed travel around the world, infecting hundreds of thousands of people. we saw the disinformation campaign trying to deflect attention. we've seen their increased cyber activity as well, their efforts to be in position to do true destructive harm in different places all across the world. this is a chinese communist party that is very aggressive and president trump on friday announced a series of responses to not only what happened in hong kong, the destruction of the great free place, this great place of enormous commerce over the last decades but not only with respect to hong kong but with respect to the chinese company's ability to be listed on american stock exchanges under a different set of rules. you've you seen the president take action on trade, to try and get reciprocity back into the system so american businesses and workers are treated fairly. these are the kinds of actions of a president who understands the risk that the chinese communist party presents and is prepared to take ago shun --
action to respond to it. maria: the president on friday went through those actions, in particular, saying we would be treating hong kong differently. listen to the president. i want to get your take on exactly what this means in a practical sense. watch the president friday. >> we will take action to revoke hong kong's preferential treatment as a separate customs and travel territory, from the rest of china. the united states will also take necessary steps to sanction prc and honk of kong officials directly or indirectly involved in eroding hong kong's autonomy and just if you take a look, smothering, absolutely smothering hong kong's freedom. our actions will be strong, our actions will be meaningful. maria: secretary, what does this mean on a practical basis in terms of treating hong kong differently? how will things change? >> so the background of course that is the chinese communist
party had entered into an agreement with the united kingdom that they would allow hong kong to have autonomy for 50 years. halfway through it or so, they've now broken those commitments, those promises that they made to the world. the united states had a series of preferences. we treated hong kong more favorable ethan we did china for all of those years because of that treaty. the chinese communist party has now broken its promise and the yaiftsz will respond -- united states will respond. the president asked us to review every preferential treatment that hong kong had and work to eliminate it. no longer makes sense, if the chinese are going to treat honk of kong the same way as they treat mainland china, there's no basis for the united states to treat it differently. the president made clear that we're going to look at a number of things. we're going to look at chinese students who are studying here, who have connections to the military, civil fusion projects inside of china. we're simply not going to let them study here if they threaten to take american technology and
transfer it into chinese liberation army. we're going to look at whether we ought to go sanction individuals who destroyed the freedom inside of hong kong. maria: are you expectin expecte ccp to use this opportunity, whether it's the chaos going on in america or the covid situation that is dominating the world right now, are they using that as an opportunity to gain more territory? we see troops on the border right now with india, we see the militarizing of the south china sea. we know taiwan is looking at what will happen next. are you expecting the ccp to invade taiwan? >> the chinese communist party has been on this effort, on this march for an awfully long time. they'll certainly use a tactical situation on the ground to their advantage. each of the problems that you identified there are threats that they've been making for an awfully long time. for the first time we have an administration that's prepared
to actually respond to say this is unacceptable and to take response that's are measured and appropriate, reflect the seriousness with which we take the obligation to protect the american people from chinese communist party efforts. using what's on the ground today, they're using disinformation about what's taking place in american cities and trying to equate that somehow to what's happening in hong kong. these are completely different. the rule of law. we have decent americans all across this country who are troubled by what happened and they have the opportunity to speak freely about that. none of that is inside of china. the chinese communist party prevents that freedom of expression and the results, the risks to america as a result of that are real and we're going to respond to them. maria: will the u.s. back taiwan, should china go into taiwan? >> there's a long history there. you know the story, each time i speak with my chinese counterparts we make clear the commitments that we made to them, as far back as the reagan
administration and we stand by the commitments. the chinese communist party told me they will as well. we have every expectation they will live up to those commitments. i work nearly every day with partners around the world who understand that the risk that is presented from the chinese communist party, whether it's my australian counterparts or partners in europe, they have come to see the risks to their countries, to freedom, democracy, the rule of law that is presented by the chinese communist party and we're going to lay out a detailed plan to make sure that we protect the american people. president trump has been serious about this. and has taken important measures to protect the american people. maria: coming up, china's pandemic pow you wear grab and the -- power grab and the u.s. lawmakers who first saw it to support a strong immune system, your body needs routine. centrum helps your immune defenses every day, with vitamin c, d and zinc.
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that led to the deaths of many people worldwide. first of all, the virus was spawned in china. second of all, they hid the virus behind the shield of the world health organization. the third thing they did was basically hoard personal protective equipment and now they're profiteering from it. maria: that was white house trade advisor peter navarro on china's midhandling of the coronavirus. an issue that senator tom cotton spotlight on this program. >> i want to distinguish between the origins of the virus and china's reaction to the virus. as you say, the most plausible explanation that is the virus originated in one of those two laboratories in wuhan, back in january it was pretty well documented by chinese scientists it did not originate in the food
market. wherever it originated, we know that the chinese communist party was both criminally negligent and incompetent at first and then deliberately, deliberately malevolent in the way they responded to the virus. it was clear that the virus was spreading from person to person. by late december, it was spreading to doctors in wuhan hospitals. some doctors were try blow the whistle on these facts and the secret police arrived at their doorsteps in the middle of the night. only after china fessed up to the w.h.o. on december 31st, did the world know what was happening. still, they continued to deny it was spreading from person to person into mid-january. that allowed millions of people to leave wuhan and finally china continued to pressure the w.h.o. and other countries not to stop international travel from china. that meant that hundreds of thousands of persons left china after this virus was spread far
outside of wuhan, which allowed the virus to escape china's borders and get to the united states and get to europe and get to essentially every country in the world. i believe that was a deliberate and conscious choice by the chinese communist leadership because they didn't want to see their relative power and standing in the world decline because this virus was contained within china. maria: so deliberate move because they expected this virus to cause economic contraction in china. tell me what they expected in china and what they didn't want to see -- they didn't want to happen with the rest of the world being fine. >> so maria, again, it was obvious by mid-december to chinese authorities that this virus was highly contagious and very deadly. they also knew that once the virus began to spread outside wuhan, it would wreak economic havoc throughout china and in fact china had the first contraction in the first quarter of this year since the cultural
revolution ended in the 1970s. i believe the chinese communist leaders, when they were aware of those facts by mid-january, made the conscious decision not to explain to the world that it was transmissible between humans, not to shut down travel, not to ask for american or other kind of international scientific help but to allow this virus to escape their borders because if they were going to suffer an economic contraction, they were not going to allow the world to continue to prosper and china be the only country whose economy was declining. they might see an absolute decline in their economy but they refuse to see a relative decline especially relative to the united states. maria: in other words, they didn't want to see the chinese economy contract 20% with the rest of the world contracting 2%. >> that's exactly right. i mean, it was inevitable that we would have economic impacts all around the world because so much of the world has outsourced manufacturing productive
capacity to china so it was inevitable if china's economy was declining it would have effects all around the world. what was not inevitable was that we would lose 26 million jobs in america in a month. i mean, if china had been up front about this virus from the very beginning, some studies suggest that they could have reduced the number of cases in china itself by 65 to even 90%. imagine what that would have done for the spread of the virus not only in china but more importantly for us all around the world. but once they knew that it was spreading all around china, they were not going to take the responsible action of bringing in international scientists and shutting down international air travel. rather, they were going to let the virus escape their borders so the rest of the world would suffer along with china. maria: so one of the issues that we've spoken about in the past is this intellectual property theft that has been going on for decades. china -- the chinese communist party continues to steal intellectual property. you believe that they are stealing intellectual property
right now as we speak. let's talk a bit about that because the whole world is looking for a vaccine and i wonder is china trying now to come out of this, trying to save face, look better than the rest of the world while coming up with a vaccine before the united states? what's happening right now with regards to that kind of science? >> well, maria, the chinese communist party has been stealing america's intellectual property for decades and they're not going to magically stop in the middle of the pandemic. in almost every state in the union there, are active cases against chinese nationals. in arkansas, they're accused of having stolen proprietary genomes of our of farmers in east arkansas. but in the middle of the pandemic, what's the most valuable intellectual property in the world? it's the research that our great laboratories and life science companies are doing on prophylactic drugs, therapeutic drugs and ultimately a vaccine. so i have little doubt that the chinese intelligence services are actively trying to steel
america's intellectual property as it relates to the virus that they unleashed on the world because of course they want to be the country that claims credit for finding those drugs or finding a vaccine and then use it as leverage against the rest of the world. maria: so i want to ask you about your three pieces of legislation that you've already put out to keep china accountable. i'm going to get to that in a moment. but just what you just said, that is why you believe we should not be giving visas to chinese students who want to study advanced sciences. they want to get into the gilead sciences and the googles of the world to steel that research, is -is -- steal that research, is that right. >> it's a scandal to me that we have trained so many of the chinese communist party's brightest minds to go back to china, to compete for our jobs, to take our business and ultimately to steal our property and design weapons and other devices that can be used against the american people.
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i think we need to take a very hard look at the visas that we give to chinese nationals to come to the united states to study especially at the post graduate level in advanced scientific and technological fields. if chinese students want to study shake spear and the federalist papers, that's what they need to learn from america. they don't need to learn quantum computing and artificial intelligence from america. maria: coming up, the lengths the chinese communist party will go to get a leg up
on america. eric swalwell and his special friend from china who helped get him elected to congress and hunter biden and his e-mails asking for millions of dollars in payout us from chinese companies, senator ron johnson and peter schweizer on the tactics of the ccp. first, here's senator ted cruz on the cost of changing president trump's tough stance on china. >> china is i believe the single greatest geopolitical threat
facing the united states for the next century. donald trump, one of the most significant things he's done as president on foreign policy is stand up to china and he's changed the debate. he has stood up vigorously to china. now, thing the second term, he needs to stange stand up even sr to china. joe biden has spent 57 years, 47 years, rather, just kissing up to china, saying china's not a threat, saying china's our friend, saying we should be in bed more with china, don't worry about the communist murdering and torturing and stealing, let's go make some money. this election, if you want
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maria: welcome back. joe biden goa' son revealed an investigation into his tax affairs earlier this morning. records reveal ag bill barr didn't want to reveal the probe during the presidential election. senator ron johnson has been investigating hunter's ties to international companies and the money he was paid for them for over a year. senator ron johnson and peter schweizer, author of secret empires, walk us through their findings. >> i take no joy in uncovering and revealing the truth about the bidens. i'm sure peter doesn't either. those of us who are investigating this, we're doing it for a serious purpose. this is a mess. it's a huge mess. and it's a mess that's not going
away, particularly if vice president biden becomes president. it's one of the reasons i've been saying for quite some time that i never felt that vice president biden should ever run for president. i think it's probably one of the reasons that president obama did not encourage the vice president to run. this is a huge mess. here's further evidence of it, that the fbi apparently opened up an investigation in 2017. one of the investigation -- twain. one of the questions i would have is why didn't they open it up in 2018. they convicted devin archer of the indian bond fraud. i think a lot of the information was probably available. some of the transactions were occurring back then. did in not look into hunter biden because of his last name? it's a serious question. the fact that we might -- we probably have two systems of justice, one for democrats and the well-connected and one for republicans like president trump and the rest of the americans. that's one of the reasons that the american people are losing confidence in agencies like the fbi. maria: yes. exactly. peter schweizer, let's assess where we are. we've got a list of some of the
deals that we know about that hunter biden was involved in, whether it be the $1.5 billion that he got from the bank of china after traveling with the vice president to china or the $3.5 million that he got from elaine batarina, the wife of the former mayor of moscow, or the $4.2 million total that he got from burisma in ukraine, making $83,000 a month. assess where we are on this story. what do you know as fact? >> well, we know for a fact that what you just said is absolutely true. that hunter biden and in some cases james biden, joe biden's brother, were paid by foreign interests while joe biden was vice president of the united states. and the big question that the bidens have never answered, maria, is if you look at donald trump, before donald trump was president of the united states, he had all these business interests. he came into the white house. you look at other political figures that have businesses.
they're selling products, they're selling in the case of president trump condos. the question with the bidens is, what exactly are they selling? and no one's answered that question. i mean, hunter biden's getting paid by energy companies. ukrainian companies, he's getting paid by private equity firms in china when he has no background, no expertise, no experience in any of those areas. the question is, what was hunter biden being paid for and it's pretty clear he was being paid because his father was vice president and these foreign entities wanted access and wanted favor from his father. noun these foreign entities are running charities. the bottom line is, this is a classic follow the money story that needs to be investigated and without a doubt there is no dispute, he was paid by entities, he did not have experience in these entities. joe biden had policy responsibility in the areas where the foreign entities were paying his family. those are alone enough to warrant serious investigation by
the fbi and i'm very glad that senator johnson and senator grassley took it up in the senate, maria. these are not popular issues to take up on capitol hill. i'm glad they have taken this and moved forward with it. maria: yeah, but people want to see accountability, senator. are you going to subpoena hunter biden? what's stopping you from subpoenaing hunter biden? are you getting pressure from within the senate? >> well, you do need support but you also need more documentation. you need to build the case before you kind of bring in the prime target of the investigation. so we're starting to get that information. our report basically broke a logjam. people coming forward. the computer shop repair owner stepped forward, tony bobulinski came forward. certainly i would want to start subpoenaing people like james gilead and rob walker, people that were involved with tony bobulinski as well. have you to build a case.
it'se enormously frustrating tht it's taken so long. there's been resistance. they would rather concentrate on other things. now that so much information is being revealed, being laid out in its gory detail. there's an article by andrew mccarthy about cefc. looks like that's a direct arm of the chinese communist party. and being used to compromise the bidens. and in terms of the two words that tony bobulinski uttered in his interview with tucker carlson, plausible deniability and compromise. anybody trying to work for a biden white house, if they have complexes that joe biden and his family has with chinese communist party, they would not get a security clearance. that's a serious issue to consider when going to the polls, whether you're going to pull a lever for joe biden. it's a huge mess, it's not going to go away. it's going to be a bigger mess if joe biden becomes president. maria: what really gets me is the facts that for more than a year we've been talking about how china is stealing
intellectual property from america, forcing the transfer of technology as it acquires companies in silicon valley and all these other companies that are critical to america's growth and yet this relationship between the biden family and the chinese potentially as senator johnson just said, companies tied to the ccp, has opened up the door for potential easy approval by cfius. what do you know about that? the whole time we're yo you talw china is stealing from america that, want to acquire subpoenas and you have an easy path to get approval by cfius. >> that's a vitally important point you just made. when you're talking about biden relationship with the chinese, it's not just about the family making a little bit of money on the side. hunter biden was on the board of directors of a chinese government funded private equity firm and what did they do when he was on the board of directors, when he owned part of
that company? they acquired companies like henigas in michigan that produced dual use technologies, anticipate vibration technologies that have civilian application and military application. so you have hunter biden participating in chinese efforts to acquire western or u.s. technology assets. that deal had to be approved by cfius. so it was literally hunter biden sitting on the board of directors of a chinese private equity firm and his father's administration approving the transfer of that company to a chinese state-owned of entity. it happened with other entity as well. so it's not -- this is not just about money to the buy dense. it -- bidens. it has serious strategic implications. maria: the department of justice announced a string of indictments in 2020. next, attorney general bill barr research shows people remember commercials with nostalgia.
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maria: welcome back. the china threat and its impact on u.s. national security has been well documented as china's plans to become the number one super power become clearer. but there was hardly an awakening to these issues from the corporate sector. even as president trump signed an executive order against investing in chinese companies with ties to the chinese military, many invest everies and financial services companies geared up to fund china's growth and get a foothold inside china to sell products to the massive 1.4 billion person population. here's attorney general bill barr. >> the way i look at it, this is fundamental challenge to the united states. since the late 19th century, our opportunity and our growth, our prosperity as a country has come from our technological leadership. we've been technological leader of the world. in the last decade or so, china has been putting on a great push
to supplant us explicitly. they want to be the leader in all the future technologies that are going to dominate the economy. and so what's at stake is the economic opportunity of our children and our grandchildren, whether we can continue to be the technological leader of the world. the chinese have embarked on a very aggressive program during this time of stealing and cheating in order to overtake us. they've stolen our intellectual property. when they steal our secrets about future technology, they're stealing the future of the american people. if they start leading in some of these fundamental foundational technologies like 5g, which will be the platform of much of our future manufacturing in the united states, they will have tremendous leverage over the united states. if all our industrial practices and our manufacturing practices are built on a platform that they dominate, they will have ultimate leverage over the west.
so i think this is a competition for the future. they haven't been competing fairly. and the president has confronted this when no one else has and the american people community has been a big part of the problem. because they're willing ultimately, many of them, to sacrifice the long-term viability of their companies for short-term profit. so they can get their stock option ofs and move into the gulf resort. that's what's driving some of this. they're not taking the long-term view and the national view. the american -- of maintaining the american strength. maria: i was talking with one money manager the other day and he said, look, maria, i'm not going to call good buys and bad guys. it's not my role to call out good guys and bad guys. so yeah, the growth is in china and that's where i want to invest. >> well, you know what? we're not speaking german today because the american business in the past didn't think that way. it stood with the united states.
and all the privileges and the benefits and the stability and the rule of law and the ability to profit as they do, both as companies and individuals, comes from the strength of this country. maria: should it be a law that if you are working under a grant, a united states grant at a university, you're not allowed to take money from the chinese communist party? >> we are clearly cracking down on researchers and others that are sent over here to get involved in our key techno long call programs. -- technological programs. this is not just weapon systems, this is agriculture. this is medicine. this is robotics. this is artificial intelligence and so forth. it's the whole gamut of important technologies going forward. maria: so are they seeking out people like the chairman of the chemistry department at harvard to try to get those people to work with them? are they seeking people out? >> chinese efforts run the gamut
from more tra traditional espioe of recruiting people to work for them explicitly to cultivating relationships that then they're able to use and the people frequently are not completely atune to the fact that they are being used. as essentially stooges for the chinese. so it runs the gamut of things and sometimes some of these high sounding programs are used to the advantage of the chinese. so the american business community, we need their understanding of the nature of the problem right now. maria: when we come back, ag barr on beijing's technology war and how the u.s. when you're through with powering through, it's time for theraflu hot liquid medicine. powerful relief so you can restore and recover. theraflu hot beats cold.
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on the threat china poses to america and its growth. why technology leadership is critical. >> i gave a speech a while back, saying that it was -- that the two companies best positioned to compete with huawei are erickson and nokia but unlike huawei, huawei has the backing of the chinese government and all the chinese government money. so just to give you an example, for 5g network facilities, the total global addressable market is probably around 90 billion and the chinese government set up a fund of over 100 billion to subsidize it so they can go to countries and say we'll put this in cash-free, very cheap money. so that's what we're competing against with huawei. and the companies like erickson and nokia are the strongest western competitors in the sector and i gave a speech
saying that ultimately the west has to rally around these companies, whether that means private ownership or state involvement. maria: so you would be okay taking a stake even if it's a minority stake in this companies to offset the threat of huawei then? >> that's not a decision for the justice department. i do think that the west has to pick a horse or horses. maria: is china using this covid-19 pandemic to gain leverage and gain territory? we know that the ccp is overreaching in hong kong and militarizing the south china sea. >> i'm concerned that they might think we are sufficiently distracted by covid that we won't be able to respond and i am concerned that they may think current environment is one in which they can push the envelope somewhat and take advantage of it. maria: what's most important in terms of protecting u.s.
national security? >> first, i think protecting american technological leadership as i've discussed. and i would also say thwarting their he's he pea na espionage e activities are the most important things we can do and also through international partners, press the chinese to play by the rules, play by the rules of the road, which they haven't done. you know, it's too bad that one of the great tragedies i think is the chinese people are a great people, great history, very intus indus truss tri us ae was bringing them into the economic system there would be a liberalization of their government but i think the communist party still has an iron grip on that country and i think that's unfortunate. maria: thanks so much for
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