Heard on the Street: China builds a lot of good infrastructure, and not all of it presents a clear security risk
By Nathaniel Taplin Updated July 25, 2019 7:37 am ET A Chinese company with state links is helping build U.S. infrastructure. Could that put national security or corporate secrets at risk?
U.S. public-transport infrastructure is already aging, expensive and performing poorly. Forcing low-cost Chinese manufacturers out of the market won’t help, particularly since Chinese buses and railcars are already being assembled at U.S. factories to comply with existing “Buy America” requirements. The second objection holds more weight. Chinese companies have, in many cases, benefited from big subsidies and protection in their home market.
Share Your Thoughts Is it a good or bad idea for the U.S. as a whole to restrict funding for Chinese companies building passenger rail and buses? Join the conversation below.
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