By Newt Gingrich (Original source Fox News)
“In the age of Huawei, the Belt and Road Initiative, and China’s state-sponsored companies, we need the United States Export-Import Bank more than ever.
The EXIM Bank, an independent agency, provides government-backed financing for those looking to export goods and services from the United States. Since the 1930s, it has helped grow the U.S. economy and foil unfairly aggressive foreign competitors. However, due mostly to recent politics, it hasn’t been fully functioning since 2014. This needs to change — for many reasons.
First, according to Chinese Defense Minister Wei Fenghe, the country’s Belt and Road Initiative (BRI) is absolutely a part of its military plans. This comes after years of the Chinese Communist Party insisting the worldwide infrastructure scheme is only focused on economics and international cooperation. Wei plainly said future Chinese military cooperation would fit “within the framework of BRI.”‘
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