“It is a widely accepted fact that China has stolen U.S. intellectual property worth billions of dollars. The U.S. government recently ordered the closure of the Chinese consulate in Houston, Texas, which Senator Marco Rubio (R-FL) described as a “central node of the Communist Party’s vast network of spies & influence operations in the United States.””Read more
Nine Chinese Financial Institutions With Over 1 Trillion Yuan In Assets Are Nationalized On The Same Day
"Perhaps it's a coincidence that just two days after we reported that China has been rocked by an "unprecedented" surge in bank runs which forced local regulators to "publicly vouch for the soundness of its lenders as the police halted the run", on Friday Chinese financial regulators took over a record nine financial institutions which they said broke rules and added risk to a financial system facing increasing headwinds from the coronavirus pandemic. Or perhaps the two are in fact connected, and as faith in China's financial system sinks and more money is pulled out of the country's insolvent banks, more banks will be bailed out or nationalized."Read more
"One market which seemed stubbornly immune to any counterfeiting was that of physical gold in China, which was odd considering that over the past decade China had emerged as the world's biggest counterfeiter of various, mostly industrial metals used to secure bank loans, better known as "ghost collateral", and which adding insult to injury, would frequently be rehypothecated meaning often several banks would have claims to the same (fake) asset. All that is about to change with the discovery of what may be one of the biggest gold counterfeiting scandals in recent history. And yes, not only does it involve China, but it emerges from a city that has become synonymous for all that is scandalous about China: Wuhan itself."Read more
“Some 54 scientists have resigned or been fired as a result of an ongoing investigation by the National Institutes of Health into the failure of NIH grantees to disclose financial ties to foreign governments. In 93% of those cases, the hidden funding came from a Chinese institution.”
Please note the related post in the first comment. These are not random scientists, they are all at NIH.Read more
“WASHINGTON (Reuters) - President Donald Trump’s administration said on Wednesday it will bar Chinese passenger carriers from flying to the United States starting on June 16 as it pressures Beijing to allow U.S. air carriers to resume flights.”Read more
This is worthwhile but longish read (2-cups of coffee). Recommended! “First of all, China is not, as many people will tell you, just a competitor. It is an enemy. China is trying to overthrow the international system, and in that process, it is trying to make you subject to modern-day Chinese emperors.
I know this sounds as if it cannot be true, but we must listen to what Chinese leaders say. When we do that, we realize that to defend the American republic and defend our way of life, we are going to have to decouple from China.
On May 6, President Donald J. Trump said that China's attack was worse than Pearl Harbor, worse than the World Trade Center. "There's never been an attack like this," he said, and he is right.”Read more
“Government watchdog raises questions about Chinese influence at University of Pennsylvania's Biden Center”Read more
“In a report that reads like an Intel community plant, largely since it dropped just hours after the US announced plans to add 30+ Chinese firms to a blacklist over their involvement with China's state security apparatus, CNBC claimed early Saturday morning that Alphabet, Microsoft, and Amazon have all been caught providing tech services to several companies that were added to a US blacklist last year by President Trump over allegations that they helped Beijing build the security apparatus use to imprison 1 million Muslims in Xinjiang"Read more