Much of the routine trade and investment between China and America is entirely appropriate and in America’s interest. But inserting the Chinese Communist Party into America’s pay-to-play system and its economic development strategy isn’t just crossing a line. It’s a leap into an abyss of stupidity.
Sounds like just another Democrat engineered redistribution of assets; nothing new here move along.
What a disaster, looks like they are really aiming for a Federal Bailout. This would mean some cities like Chicago get better pensions and conservative and downstate munis have to pay for it. This would quickly cascade where all munis get the same deal bankrupting the state even quicker than otherwise.