U.S. Senator Cotton: Wall Street Execs Are Longtime Chinese Lobbyists, Must Stop

U.S. Senator Tom Cotton speaks at an appointment hearing for John Ratcliffe on May 5, 2020.

Some of America’s top business leaders have become “lobbyists for Communist China” over the past two or three decades, selfishly working for foreign powers that seek to subvert American democracy, U.S. Senator Tom Cotton said Tuesday, Dec. 8. This practice, he called, must stop.

Senator Cotton, a Republican from Arkansas, said in an interview on Fox’s “The Story” on Tuesday, “Many of these Democrats are in bed with the Chinese Communist Party, and many of them have been for a long time.

Recently, a video of a speech by Professor Zhai Dongsheng, Vice Dean of NPC’s School of International Relations, has been widely circulated on the Internet. The professor called the Beijing authorities “old friends” in the “core circle of power in the upper echelons of the United States. He also described optimistically how Beijing has received assistance from Wall Street business leaders in the past, but this has not worked since President Trump took office.

There have been reports of Chinese trade negotiators coming to the United States last year,” Cotton said. They met with people from the Commerce Department and a number of business executives and asked them to try to convince the president and Congress on behalf of the Chinese side.”

“Unfortunately, this has been going on for 20 to 30 years, and many American companies have become lobbyists for the Chinese Communist Party. This needs to stop,” said Cotton, “and they need to realize (to put) America first, not their interests.”

He added, “Regardless of what the industry giants think, the CCP is our adversary …… (The CCP) has stripped us of our wealth, stolen our jobs, seized our factories and threatened the interests of our allies in the Western Pacific for three decades.”

Senator Cotton is currently a member of the Senate Intelligence Committee. He has criticized some politicians in Washington for going so far as to claim that the Chinese Communist Party “promotes American business for the better.

Cotton added, “It’s time for these things to stop.” “The CEOs of these companies need to focus on bringing work back to the U.S., or less on moving (U.S. industry) out of China. Because as long as you’re still operating in China, you’re vulnerable to pressure from the Chinese government.”