{"id":16166,"date":"2024-02-28T00:46:18","date_gmt":"2024-02-28T00:46:18","guid":{"rendered":"https:\/\/shareperformanceinsight.com\/index.php\/2024\/02\/28\/sen-hawley-warns-consulting-firms-against-working-with-china-to-undermine-america\/"},"modified":"2024-02-28T00:46:18","modified_gmt":"2024-02-28T00:46:18","slug":"sen-hawley-warns-consulting-firms-against-working-with-china-to-undermine-america","status":"publish","type":"post","link":"https:\/\/shareperformanceinsight.com\/index.php\/2024\/02\/28\/sen-hawley-warns-consulting-firms-against-working-with-china-to-undermine-america\/","title":{"rendered":"Sen Hawley warns consulting firms against working with China to \u2018undermine America\u2019"},"content":{"rendered":"
\n

Sen. Josh Hawley, R-Mo., is urging global consulting firm McKinsey\u00a0& Company to hand over \u2018comprehensive documentation\u2019 showcasing its past or present contracts with the Chinese government or its affiliates.<\/p>\n

\u2018Your company alleges that its purpose is to \u2018help create positive, enduring change in the world.\u2019 You should know that helping totalitarian foreign powers undermine America does not meet that bar,\u2019 Hawley wrote in the letter. \u2018This ugly record can\u2014and must\u2014inform whether the American government, or anyone else, can safely trust your company\u2019s services in the future.\u2019<\/p>\n

During a hearing earlier this month, McKinsey\u00a0global partner Robert Sternfels testified in response to Hawley\u2019s questioning that the company \u2018never worked with the Chinese Communist Party or the central government in China, to the best of my knowledge.\u2019\u00a0<\/p>\n

However, a Financial Times report last week found otherwise. The investigation found that the think tank Urban China Inititative, helmed by McKinsey, recommended strategies to the Chinese regime in 2015, urging closer collaboration between businesses and the military.<\/p>\n

\u2018To be clear, this was not just any consulting work. It was the creation of a detailed roadmap for the Chinese government\u2019s long-term scientific and technical development, including plans to blur the lines between civilian and military technological applications,\u2019 Hawley wrote. \u2018Among other recommendations, the book also advocated undercutting non-Chinese companies through explicitly anticompetitive practices\u2014such as subsidizing domestic internet companies\u2019 bid to \u2018eventually take control of the industry from foreign firms.\u201d<\/p>\n

McKinsey contributed to China\u2019s 13th Five-Year Plan book \u2014 and also provided a forward to the book \u2014 which has sparked tensions with the U.S. due to policies like Made in China 2025, an initiative to position China as the global powerhouse in high-tech industries.<\/p>\n

\u2018Indeed, this McKinsey-led product directly contributed to China\u2019s Made in China 2025 industrial plan, which accelerated Chinese trade abuses and the deterioration of U.S.-China relations,\u2019 Hawley wrote.<\/p>\n

Hawley reintroduced a bill, called the Time to Choose Act, which aims to address conflicts of interest in federal contracting and prohibits consulting firms like McKinsey\u00a0& Company from simultaneously contracting with both the U.S. government and entities associated with the People\u2019s Republic of China.\u00a0<\/p>\n

The legislation was first rolled out in 2022 after an NBC report unveiled that McKinsey was also engaged in contracts with Chinese state-owned entities which had been blacklisted by the federal government over national security threats. The bill failed to gain momentum at the time.\u00a0<\/p>\n

If passed, the bill would also enforce penalties on consulting firms found to be intentionally concealing or misrepresenting contracts with Chinese entities.<\/p>\n

In December, McKinsey agreed to pay $78 million to settle claims by U.S. health insurers and benefit plans that its work with drug companies helped fuel an epidemic of opioid addiction.<\/p>\n

The agreement was the final of a series of settlements McKinsey reached to resolve lawsuits over the U.S. opioid epidemic. The firm previously paid $641.5 million to resolve claims by state attorneys general and another $230 million to resolve claims by local governments. It has also settled cases brought by Native American tribes.<\/p>\n

Fox News Digital reached out to Sternfels for comment.\u00a0<\/p>\n

Fox News\u2019 Landon Mion contributed to this report.<\/p>\n\n

This post appeared first on FOX NEWS<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"

Sen. Josh Hawley, R-Mo., is urging global consulting firm McKinsey\u00a0& Company to hand over \u2018comprehensive documentation\u2019 showcasing its past or present contracts with the Chinese government or its affiliates. \u2018Your company alleges that its purpose is to \u2018help create positive, enduring change in the world.\u2019 You should know that helping totalitarian foreign powers undermine America <\/p>\n","protected":false},"author":0,"featured_media":16167,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25],"tags":[],"class_list":{"0":"post-16166","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-politics"},"_links":{"self":[{"href":"https:\/\/shareperformanceinsight.com\/index.php\/wp-json\/wp\/v2\/posts\/16166","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/shareperformanceinsight.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/shareperformanceinsight.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/shareperformanceinsight.com\/index.php\/wp-json\/wp\/v2\/comments?post=16166"}],"version-history":[{"count":0,"href":"https:\/\/shareperformanceinsight.com\/index.php\/wp-json\/wp\/v2\/posts\/16166\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/shareperformanceinsight.com\/index.php\/wp-json\/wp\/v2\/media\/16167"}],"wp:attachment":[{"href":"https:\/\/shareperformanceinsight.com\/index.php\/wp-json\/wp\/v2\/media?parent=16166"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/shareperformanceinsight.com\/index.php\/wp-json\/wp\/v2\/categories?post=16166"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/shareperformanceinsight.com\/index.php\/wp-json\/wp\/v2\/tags?post=16166"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}