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Flashback: China is Flexing its Economic Muscles by Buying Up Italian Companies

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The Wuhan virus has been a black eye for the Chinese Communist Party, now that the entire world is suffering from this pandemic caused by the Chinese government’s incompetence.

One of the pandemic’s hot spots, Northern Italy, has received international attention for its notable Chinese economic presence in factories throughout the region. This has raised speculation about how the virus has spread so quickly in the southern European country.

6 years ago in an article by Annalisa Merelli at Quartz, readers were reminded about China’s steadily growing influence in the Italian peninsula.

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Historically, Italy has taken enormous pride over its domestic production. However Merelli notes that “cheap imports from China are often demonized as inferior knock-offs—some 90% of fake ”Made in Italy” merchandise allegedly comes from China, and even staples like tomato sauce and olive oil are not immune.” Unemployment, which has recently been high in Italy, has also been threatened by increased economic interactions with China.

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Merelli also highlighted how certain sectors of the Italian economy are encouraging more Chinese investment:

To encourage Chinese investment in Italian companies, publisher ClassEditori set up an online portal—vendereaicinesi.it, which means “sell to the Chinese”—that features all sorts of classified ads directed at Chinese investors. Advertisers list everything from real estate to consumer products to entire companies.

At the time this article was written, around 200 Italian business are under the control of Chinese owners according to La Repubblica. Similarly, China’s central bank holds stakes in several of Italy’s prominent companies such as Fiat, Telecom Italia, Generali, and Eni.

Thanks to the new wave of nationalization and the skepticism towards globalism, people are beginning to question the China economic partnership narrative.

Hopefully, policymakers start implementing measures that socially distance Western countries from China.

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Bloodthirsty Mexican Cartel Leaves Ominous Message for Border Patrol Agents in Texas

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Border Patrol agents found a message from the Los Zetas Cartel at the end of June.

At the time, the agents were patrolling the area in response “to a large drug load crossing into the U.S.”, according to a report from Breitbart News.

The city in question, Rio Grande City, Texas, is located in Starr County which is on the border with Mexico. Breitbart News noted that this area is “under the control of the Gulf Cartel, due to the small cartel-controlled community of Camargo directly across the Rio Grande.”

Breitbart Texas has covered a turf war going down between Cartel Del Noreste (CDN)/Los Zetas and the Gulf Cartel over the last year. On June 9, 2020, a shooting kicked off between the two cartels near Comales, which is south of Rio Grande City and not too far away from it.

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U.S. border agents were put on notice about cartel members attempting to escape into Texas at the time. Border agents discovered armored vehicles that demonstrated clear burn marks, likely the result of the use of explosives against them. Strangely, there were no bodies found near the scene.

The message that Los Zetas left behind on June 26 was intended to put border patrol on notice that this area was their new turf.

Mexico is clearly a failed state, with well-equipped cartels running around and making state security forces look foolish

U.S. needs to put emphasis on border security and restricting immigration if it wants to get a handle of this situation.

Too bad it’s focusing all of its time defending other countries’ borders.

 

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