Kudlow Says Nobody Can Confidently Invest in Chinese Companies

(Bloomberg) -- President Donald Trump’s economic adviser Larry Kudlow said nobody can invest confidently in Chinese companies and that the U.S. needs to protect investors from the country’s lack of transparency and accountability.

“We have learned that Chinese companies are not transparent,” Kudlow said Tuesday on Fox Business Network. “They do not meet the norms, the regulations.”

Kudlow pointed to potential lawsuits related to the coronavirus, saying “until that stuff is sorted out, nobody really can invest with confidence in China.”

Kudlow’s comments came as the Trump administration is increasingly blaming China for the coronavirus pandemic. Trump’s critics have accused him of targeting China to deflect attention from his administration’s handling of the U.S. outbreak.

The number of Americans infected by the virus has surpassed 1.5 million and there have been at least 90,000 deaths, according to data compiled by Bloomberg.

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