Nigel Farage: China Using Coronavirus Crisis to Buy Up British Companies

  • Post Author:

Nigel Farage: China Using Coronavirus Crisis to Buy Up British Companies

Written by  

Nigel Farage, leader of Britain’s Brexit Party, claims Chinese interests seek to use the coronavirus outbreak to gain control of large segments of the U.K. economy, particularly strategic industries such as manufacturing.

“What is happening right now is that Chinese companies and Chinese money are lining up for what they expect to be a ‘fire sale’ of British businesses,” he said during a Facebook live stream.

Citing Germany’s recently enacted protections against foreign takeovers of their companies during the COVID-19 crisis, Farage suggested Britain must take similar measures:

I fear, we’re going to allow China in to buy up vast swathes of our strategic and manufacturing industries and it just can’t be allowed. The problem is the same mob that sold us out to Brussels are now happy to sell out our sovereignty once again to China and this needs a much bigger, higher, level of debate.

Just last month, the Chinese Jingye Group bought out British Steel, the latest consequence of a line of policy allowing Chinese state-run companies to buy up controlling interests in British firms. Former Prime Minister David Cameron and former Chancellor of the Exchequer George Osborne, for instance, let China invest in British nuclear power plants.

“For some reason, many of our civil servants, politicians, and Big Business figures seem to be in love with the despicable, barbarous regime who don’t just murder thousands of their own people every year, but put hundreds of thousands in camps … where they’re being re-educated away from their faith to support the Chinese Communist Party,” Farage continued.

The former European Parliament member related China’s history of stealing intellectual property and their intention of becoming the leading global superpower.

British MPs are currently conducting an emergency inquiry into the threat of Chinese companies stripping the asserts of firms critical to the U.K.’s economy, such as those in the technology sector.

The Foreign Affairs Select Committee would look at how the Foreign Office could block the practice of Chinese asset-stripping. The investigation arose after associates of the Chinese state-backed China Reform Holdings attempted a boardroom coup of the U.K.’s Imagination Technologies — a coup delayed thanks to the intervention of Culture Secretary Oliver Dowden.

Farage previously asserted that the fact that western nations are relying so heavily on China for masks, ventilators, and other medical equipment shows that the world’s supply chains have become too dependent on the communist nation.

“To see China now exploiting a crisis that they have caused to spread their influence further and deeper into Europe should send a chill down our spines,” the Brexit Party stated.

Farage’s argument has been echoed by leaders such as Dr. Liam Fox, former intellectual trade secretary. Fox said the pandemic has revealed the fragility of a global market that encourages importation over domestic production.

“I think what it is showing us is that while the ‘just in time’ supply chain in the global economy may provide us with efficiency in the global economy, it doesn’t provide us with resilience in the global economy,” Fox maintained. “I think that’s something we will need to look at after because it’s clear that now the concept of ‘over there’ does not exist in a global economy, and a disruption in one part will very quickly become a disruption elsewhere.”

Farage has also warned that China may be helping Britain with medical equipment with the intent of getting involved in the country’s 5G network in exchange.

Last week, China sent the U.K. 300 ventilators, for which Michael Gove, chancellor of the Duchy of Lancaster, thanked “the Chinese government for their support in securing that capacity.”

Prime Minister Boris Johnson has allowed Chinese multinational Huawei, which critics say is controlled by the Chinese government, access to Britain’s 5G networks, a decision Farage hopes Johnson will reconsider.

“I wonder what the price of these ventilators is? I wonder if it’s the continuance of China inside our 5G network?” Farage asked.

“I really, really despair. I utterly despair that so much of our establishment seems, now, with the European Union fading away as our closest link, to think that China’s our future. God help us if it is,” Farage concluded.

For years, “free trade” has been the prevailing dogma in conservative circles. Anyone who dared point out that having “cheap stuff” from China comes nowhere close to making up for our lost manufacturing jobs and the threat of relying on a communist foreign rival for essential goods was cast out of “acceptable” right-wing circles.

Now the chickens have come home to roost, and the “free trade” establishment has no other option but to admit they were wrong all along.

 

Luis Miguel is a marketer and writer whose journalistic endeavors shed light on the Deep State, the immigration crisis, and the enemies of freedom. Follow his exploits on FacebookTwitterBitchute, and at luisantoniomiguel.com.

Courtesy of The New American