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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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U.S. Law Enforcement Bust 27 People Connected to Mexican Sinaloa Cartel

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Over two dozen people were arrested on drug charges in connection to a Mexican cartel smuggling cocaine into the U.S. Following a two-year investigation, 27 people were arrested through Operation Tripwire, an investigation effort U.S. officials have been working on featuring members of the Sinaloa Cartel.

The trafficking network went from Los Angeles, California to Tucson, Arizona and Pittsburgh, Pennsylvania where cocaine originating from Mexico was smuggled stateside. The United States Attorney for the Western District of Pennsylvania, Scott Brady declared “this is a large organization that was trafficking hundreds of kilograms of cocaine throughout the country and has direct ties to the Sinaloa cartel in Mexico.”

U.S. authorities recounted that the investigations started after an agent in Pittsburgh was able to identify an address that received large quantities of suspicious-looking packages coming from California. Since then, agents started to do investigation on other members of the network across the U.S.

Across the span of seven months, authorities were able to intercept U.S. calls made by some of the alleged traffickers with Sinaloa carte leaders in Mexico. On September 9, 2020, 27 were arrested in Arizona, California, and Pennsylvania.

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According to American authorities, $1.3 million in cash and over 140 kilograms of cocaine were seized. The aforementioned people arrested are now facing a prison sentence of between 10 years and life in prison.

The border situation is no joke. Prior administrations have largely neglected the issue and have allowed for unprecedented levels of illegal immigration and drug trafficking to cross the U.S. border.

In a prior instance, BLP reported on how Mexico is a failed state that cannot maintain public order and is largely being pushed around by cartels. Due to its proximity to the U.S., Mexico’s problems will likely spillover stateside.

This is why border security is crucial. Thankfully, the U.S. has a president in Donald Trump that gets the memo. He’ll still need help from Congress, however,

That’s why it’s crucial that America First Republicans have strong showings at all branches of government in 2020.

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