NNL – Page 78 – Chinascope

The CCP Uses Macao’s Casinos for Its United Front Work

The Chinese Communist Party (CCP) recently arrested Alvin Chao, a prominent Macao casino CEO. Yuan Hongbing, a writer and political dissident from China, pointed out that Alvin Chao and Macao’s casinos are part of the CCP’s united front work. That work consists of expanding the reach and influence of the CCP.

According to Yuan, Alvin Chao worked for the CCP’s United Front Work Department. Zeng Qinghong, Jiang Zemin’s right-hand man and former Vice President of China, was previously in control of the united front work. Alvin was given a membership in the Guangdong Provincial Committee of the Chinese People’s Political Consultative Conference. The People’s Political Consultative Conference is under the United Front Work Department.

The CCP’s spies belong to five systems: state security, the military, public security, the CCP’s International Liaison Department, and the CCP’s United Front Work Department.

The CCP has used the casino business to push its Belt and Road Initiative throughout Southeast Asia. In addition, “The CCP used the casino business to infiltrate the high-ranking officials in Southeast Asia.” Macao is a base that the CCP has used to capture politicians from Southeast Asian countries, including Taiwan. “We know many Taiwanese who have defected to the CCP. First they went to Macao to gamble and later they fell into the CCP’s trap.”

Yuan also expressed that the arrest of Chao is part of the infighting between Xi Jinping and Zeng Qinghong.

Source: Epoch Times, November 30, 2021
https://www.epochtimes.com/gb/21/11/30/n13406823.htm

Briefings | | December 2, 2021 | Geo-Strategic Trend Government/Politics

Taiwan: CCP Imposed Hefty Fines Because a Company Supported the DPP in Taiwan

The Far Eastern Group is one of the biggest conglomerates in Taiwan. It has made substantial investments in mainland China. Recently, the Chinese Communist Party (CCP) targeted the company and fined it 36.5 million yuan (US$5.7 million), because of its support for the Democratic Progressive Party (DPP) in Taiwan.

Xinhua News Agency reported on November 22^nd that the authorities in five provinces, including Shanghai, Jiangsu, Jiangxi, Hubei, and Sichuan, inspected Far Eastern Group’s chemical fiber textile and cement companies in their regions and found a series of violations in environmental protection, land use, employees’ occupational health, safety production, firefighting, taxation, and product quality. Authorities imposed fines, recovered taxes, and took back unused land that was given to the company.

Zhu Fenglian, the spokesperson from China’s Taiwan Affairs Office connected the fine to Taiwan independence activists. She said the mainland will absolutely not allow people supporting Taiwan independence to make money in the mainland and “eat the food and destroy the pot” – meaning to get benefits from the mainland while damaging it. She stated, “Taiwanese businessmen and companies (operating in mainland China) should discern right from wrong, stand firm, draw a clear line (separating them from) the ‘Taiwan independence’ separatist forces, and take practical actions to safeguard the cross-strait relations.”

The Far Eastern Group has made legal contributions to politicians from both the DPP and the Kuomintang, with more money to the DPP side. The CCP has been trying to collaborate with the Kuomintang and suppress the DPP.

Source: Radio Free Asia, November 23, 2021
https://www.rfa.org/mandarin/yataibaodao/gangtai/hcm1123a-11232021054632.html

Hot Topics | | November 28, 2021 | Economy/Resources Geo-Strategic Trend

China’s “Whitelist” to Limit Key Industries Only to Chinese Companies

Bloomberg reported on November 16 that, in 2016, Beijing established the Information Technology Application and Innovation Working Committee (ITAIWC) and has been using it to build a “Whitelist” so that entry into certain key industries is limited to “Chinese companies only.” China rejected the report on November 18.

Epoch Times provided some details about the ITAIWC’s actions in the past. In January, the Chinese Institute of Electronics, an institution directly under the Ministry of Industry and Information Technology, released the “White Paper on the Development of China’s Information Technology Applications and Innovations Industry (2021) (the White Paper).” This is the first White Paper that the CIE and 16 enterprises and organizations have created in this field.

The White Paper said the Chinese government has included Information Technology Innovation into its national strategy and stated that, regarding the “2+8” model, the “2” stands for leadership by the party and the government, and the “8” stands for the eight big industries including finance, electricity, telecom, petroleum, transportation, education, medical treatment, and space.

The “Code of Work” of the ITAIWC sets the basic requirements for companies to apply to join its organization. The requirements are that the companies must be officially approved domestic enterprises and institutions engaged in research and development, production and manufacturing in the field of information technology application and innovation; the controlling shareholder of the enterprise must be a Chinese legal person or a Chinese natural person with a Chinese national as the legal person and less than 25 percent of the capital can be foreign capital.

The ITAIWC Technical Advisory Committee was formed in Beijing in March of this year. More than fifty people attended the meeting, including Major General Liao Xiangke, Dean of the School of Computer Science, the People’s Liberation Army’s University of National Defense Science and Technology, and Major General Wu Jiangxing, the Chairman of the China Network Information Technology Military-Civilian Integration Alliance. An official from the Ministry of Industry and Information Technology delivered a speech at the meeting.

Source: Epoch Times, November 21, 2021
https://www.epochtimes.com/gb/21/11/21/n13389371.htm

Briefings | | November 28, 2021 | Economy/Resources Information/Technology

Kaisa Group Offered Debt Repayment Plan

The Evergrande debt problem was the first. It started a wave of Chinese real estate companies defaulting on their debts. Kaisa Group (佳兆业) ran into same problem. Its subsidiary Jinheng Wealth missed a payment of a 300 million yuan (US$47 million) financial product. Kaisa Group offered a guaranty on the product.

On November 22, Kaisa Group announced a repayment plan for its product. The plan was that its debt will be paid in installments, based on the due date. For money where the due date of the dept has not passed yet, the company will pay the investor 10 percent of the principle in the month when the payment is due. Then it will pay 10 percent every three months thereafter. There will be no interest payment before the principle is due. After that, the interest payment will follow the same 10 percent payment schedule once the principle is due.

For the principle due because the company missed the payment, it will pay interest for the extension at 4.35 percent (based on a one-year commercial load rate). The extended interest will be paid with 50 percent of what is due three months after it completes the payment for the principle and original interest, and then complete it in another three months.

Source: Sina, November 22, 2021
https://finance.sina.com.cn/money/roll/2021-11-23/doc-iktzscyy7194408.shtml

Briefings | | November 27, 2021 | Economy/Resources

Rights Activist in California Received Threats to His Life; CCP Is Suspected of Being Active in the U.S.

Mr. Jie Lijian is a human rights activist in Southern California. On October 31, Mr. Jie participated in an anti-CCP demonstration on the Walk of Fame in Hollywood, using action drama and a chorus. A middle-aged man kept shooting pictures of the demonstrators. Mr. Jie said, “I suspect he was stalking us.”

On November 3, he participated in an event in front of the Los Angles Chinese Consulate to oppose the Beijing Winter Olympics. A person inside a car was watching the participants.

On November 8, when Mr. Jie was riding a bike, a car crashed into him at a high speed and knocked him down. He had multiple bruises on his body and his mobile phone was broken.

On November 10, he received a telegram. The message was from a stranger who identified himself with the name of Sir Zhuang. His account has since been cancelled. The message in the telegram was a threat to Jie’s life. It asked him not to be too active and showed a picture of him walking near his home. Shortly thereafter, the same account sent him a picture of a knife, saying, “(We) should have broken your leg two days ago.”

Although he lives in the United States, Mr. Jie thinks the threat is coming from the Chinese Communist Party (CCP).

Mr. Jie said that he will never yield to the CCP. He is preparing a set of documents and pictures and will submit them to the FBI.

Source: Epoch Times, November 13, 2021
https://www.epochtimes.com/gb/21/11/13/n13373287.htm

Briefings | | November 17, 2021 | Government/Politics US-China Relations

Real Estate Developers in China Switch to Giving out Houses as Payments

As China’s real estate developers are struggling with a shortage of cashflow, more and more companies have been giving people houses, many of which are still under construction, as a way of paying their contractors. Normally these houses are sold at a big discount and the recipients can then sell them to recover their cash.

Giving out houses has been happening in many cities. In Guangzhou city, a major economic hub in Southern China, over ten construction projects gave out houses as a way of making their payments.

Also, the housing prices in some cities have started falling. If this trend continues, it could lead to a collapse of the real estate market. Twenty-one cities have issued orders to prevent prices from dropping too fast.

Source: China Business Network, November 13, 2021
https://m.yicai.com/news/101228762.html

Briefings | | November 17, 2021 | Economy/Resources

All posts by NNL - 78. page