Varney: China’s Hong Kong actions are global issue
FOX Business’ Stuart Varney argues China’s actions toward Hong Kong is an American issue.
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FOX Business’ Stuart Varney, in his latest “My Take,” argues China’s actions against Hong Kong impact the U.S.
“Scuffles in the Hong Kong legislature. Its pro-Beijing vs. pro-Democracy,” Varney said. “China is taking over. Whatever freedoms the people of Hong Kong enjoyed are going away. This is what the president says he will react strongly to. This is more than just a Hong Kong issue though. This is U.S. vs. China issue and that makes it very important for all of us. In short, it’s a new Cold War.”
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Varney said America is pushing back "hard" against China's dominance of the supply chain, their role and truthfulness over the virus and now its takeover of Hong Kong.
“This goes to the heart of who we are,” he said. “We can't meekly accept their blatant stealing and spying and lying.”
Varney believes the “Cold War” has already begun.
“The Senate has passed a measure that makes it hard for Chinese companies to list their shares on America’s stock exchanges,” he said. “In the world of money, that opens a financial chasm. Several senators have suggested China be made to pay for its dubious handling of the virus: that’s a financial chasm too.”
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