re: Why don’t we seize all Chinese properties and businesses in the US?

All we have to do is cancel the $2 trillion debt we owe them. Problem solved!

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China will not be punished for lying/covering up an outbreak

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Sure China has lied about the disease, because that's what governments do. It's like the president of the EU said a few years ago, "When it gets serious you have to lie". Our government, at multiple levels, is also lying about things here, and so are most others around the world. The question now is will we make this situation better by starting a war?

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that caused the most economic destruction in the history of mankind.

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I'm not sure how this ranks vs the entire history of mankind (central authorities have been devising ways to wreck an economy since day one), but a good portion of the final Covid economic tally will be self-induced. Our economy has been teetering on the brink for a long time and this govt mandated lockdown may well push us over the edge. Whatever wrong China has done here, it's a stretch to pin our economic woes on them. But, I understand the impulse to blame someone else; that's much simpler and less painful than admitting that we've consistently mismanaged our economy for many decades prior to this particular episode of mismanagement.

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Okay.

So foreign nationals cannot own things like oil reserves and other items, so they buy a US corporation. This allows them to then purchase things they are generally not allowed to.

So in theory, you'd have to examine every single US corporation and track down all of the investors.

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Cool, let the smart Chinese citizens turn in or sell their shares at no penalty and pursue harshly the ones that don't.