President Donald J. Trump, joined by Vice President Mike Pence, Cabinet members and senior legislators, signs H.R. 266 – the Paycheck Protection Program and Health Care Enhancement Act Friday, April 24, 2020, in the Oval Office of the White House. Credit: Official White House Photo by Shealah Craighead
American-based affiliates of Chinese companies, including at least one firm with ties to the Chinese military, received millions of dollars in loans from a federal program aimed at keeping small businesses afloat during the global pandemic, according to data released this week.
Records reviewed by The Wire show that between $5 million and $10 million in federally backed funds were tapped by Continental Aerospace Technologies, a Mobile, Ala., firm that is a subsidiary of the Aviation Industry Corporation of China, one of the country’s largest defense contractors. Two weeks ago, AVIC was named on a list the Pentagon compiled of companies affiliated with China’s People’s Liberation Army, or the PLA.
In April, a loan of as much as $2 million went to an affiliate of CloudMinds Technology, a Santa Clara, Calif.-based artificial intelligence and robotics firm that is backed by Japan’s Softbank, the venture capital firm, as well as two Chinese government funds managed by Ts
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In public, Chinese diplomats and climate negotiators deny that they see any link between climate change and geopolitics. But there is a deeply cynical consensus within China’s academic and policy communities that climate change creates geopolitical opportunities that China can exploit — and must exploit before its rivals do. Greenland was the proof of concept for this strategy. And it caught the U.S. flat-footed.
The EU Chamber of Commerce in China president talks about China's self-inflicted problems; how he gets away with being so outspoken; and why he believes in China's comeback gene.
