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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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Humanitarian Organization Deploys Field Hospital to New York City

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Samaritan’s Purse, a humanitarian aid organization based in North Carolina, announced on March 27, 2020 that they are sending a convoy of trucks carrying one of their Emergency Field Hospitals to New York City.

New York City is the epicenter of the Wuhan virus pandemic in America. Samaritan’s Purse staff is already on the field making preparations and a team of medical personnel, made up of doctors, nurses, and other healthcare specialists, are currently heading to the city.

Right now, New York City hospital are being strained with patients and are running out of beds and ventilators. One hospital is already placing two patients on a single ventilator machine. So far, north of 23,000 people in New York City have the Wuhan virus with the number of new cases nearly doubling every three days.

Samaritan’s Purse plans on adding 68 beds, which includes an ICU and a respiratory care unit.

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The organization is also responding to the Wuhan virus crisis in Cremona, Italy, which is the worst affected area outside of United States.

Samaritan’s Purse donated 55,000 masks this week to hospitals and health facilities across North Carolina.

Franklin Graham, the President of the Samaritan’s Purse, declared:

God has called Samaritan’s Purse to rush into crisis areas to save lives and to share the   Good News that Jesus Christ paid for our sins on the Cross and rose from the grave to save all who put their faith in Him. No matter where we go, our goal is the same—to be the hands and feet of Jesus, and to share His love with those in need.

Samaritan’s Purse action shows how America’s vigorous civil society is tacking this crisis.

Despite what state worshippers say, America’s civil society is ready to help out.

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