China, over the past year, has strategically captured the entire supply chain of United States, making it vulnerable and dependent on Beijing, said Lucas Kunce, the national security director at the American Economic Liberties Project. "So China has strategically captured our entire supply chain," he told The Hill. Kunce argued that the U.S. economy and the individuals that control it pursue profit and "self-interest above everything else," which, he claims, China has used to its advantage. Last week, in another major setback to China, the US designated 58 Chinese companies out of 103 companies as foreign entities with military ties thereby restricting export, re-export and transfers with them. Along with the 58 Chinese companies, the remaining are Russian companies, the US Commerce Department said.

Source: Mint December 27, 2020 10:30 UTC