Chinese-linked companies were given loans totaling as much as $34 million in a program designed to help U.S. small businesses.
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
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Bob Fu's relationship with China has gone through phases. First, he thought money would solve his problems there; then he joined protesters at Tiananmen Square, thinking the politics could change. In the end, he determined, only God could save China, and he's been fighting for religious freedom in China ever since he resettled in Texas. With his nonprofit, ChinaAid, prospering like never before, he says the U.S. is finally catching on.