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As China’s Leader Fights Graft, His Relatives Shed Assets

Xi
President Xi Jinping of China in Shanghai last month. Mr. Xi’s family members have divested a significant portion of their fortunes, which may put him on a stronger footing as he oversees an anticorruption drive. Credit Pool photo by Aly Song
By MICHAEL FORSYTHE
HONG KONG — As President Xi Jinping of China prepares to tackle what may be the biggest cases of official corruption in more than six decades of Communist Party rule, new evidence suggests that he has been pushing his own family to sell hundreds of millions of dollars in investments, reducing his own political vulnerability.

In January of last year, just after Mr. Xi took power, his older sister and brother-in-law finalized the sale of their 50 percent stake in a Beijing investment company they had set up in partnership with a state-owned bank. According to the billionaire financier Xiao Jianhua, who co-founded the company that bought the stake, the move was part of a continuing effort by the family to exit investments.

They did it “for the family,” Mr. Xiao’s spokeswoman said in a statement.

China Financier Defends Companies’ DealsJUNE 4, 2014
A visitor at the Zhou family’s ancestral graves in Xiqiantou, eastern China. Intrigue surrounds the family after a spate of arrests.Investigating Family’s Wealth, China’s Leader Signals a ChangeAPRIL 19, 2014
Activists in Beijing with a banner saying, “Unless we put an end to corrupt officials, the China Dream will remain a daydream.”Xi Jinping’s War on Graft Appears to Have LimitsAPRIL 4, 2013
A branch in Beijing of Xiang E Qing, a restaurant chain popular with government officials, was quiet at lunchtime recently.Xi Jinping Imposes Austerity Measures on China’s EliteMARCH 27, 2013
Sinosphere Blog: Report Details Overseas Accounts of Chinese EliteJAN. 22, 2014
A review of Chinese records shows that there is evidence to back up Mr. Xiao’s claim. From 2012 until this year, Mr. Xi’s sister Qi Qiaoqiao and brother-in-law Deng Jiagui sold investments in at least 10 companies, mostly focused on mining and real estate. In all, the companies the couple sold, liquidated or, in one case, transferred to a close business associate, are worth hundreds of millions of dollars, part of a fortune documented in a June 2012 report by Bloomberg News
No investment stakes have been tied directly to Mr. Xi or his wife and daughter. But the extensive business activities of his sister and brother-in-law are part of a widespread pattern among relatives of the Politburo elite, who have built up considerable fortunes by trading on their family’s political standing.

After taking power, Mr. Xi vowed to do battle with the “tigers and flies” — senior and petty officials engaged in corrupt or unseemly business activities — to shore up the party’s credibility. But there are doubts that he could carry out a wholesale crackdown on financial dealings by ruling families, who are deeply enmeshed in the state-driven business culture of the country.

Records show Ms. Qi; her husband, Mr. Deng; and her daughter Zhang Yannan still hold tens of millions of dollars in company shares and real estate, including a villa overlooking Hong Kong’s exclusive Repulse Bay. It is also unclear whether the price paid to them for the investments they did sell resulted in a profit or a loss — meaning it is not clear if Mr. Xi’s order to exit investments amounted to a hardship for his relatives.

Still, the move to divest a significant portion of their fortune may put Mr. Xi on stronger footing as he oversees his anticorruption drive. That effort includes an undisputed “tiger,” the former security chief Zhou Yongkang, who was detained in December, people familiar with the situation have told The New York Times.

Ding Xueliang, a professor of politics at Hong Kong University of Science and Technology, said party and government officials had told him on a recent trip he took to mainland China that Mr. Xi had told his family to get out of their investments.

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“It is a minimum thing — he must do this,” Mr. Ding said. “If he doesn’t do this, it is very hard for him to convince other families to be more self-disciplined.”

The elite ruling families of China have accumulated billions of dollars in assets, including company shares and real estate, in the past decade as China’s economy has boomed. Many of the investments are in areas such as mining, infrastructure and property that involve the privatization of formerly state-owned assets, including a rare-earth mining company that until recently was partly owned by Mr. Deng.

At least four families among the nine-man Politburo Standing Committee that ruled the country from 2007 to 2012 each owned or controlled documented assets in excess of $150 million, including relatives of Mr. Xi, former Prime Minister Wen Jiabao, Mr. Zhou and Jia Qinglin, the former fourth-ranked party member.

That accumulation of wealth has led to calls for officials to disclose their assets amid surging income inequality that is among the highest in the world and far greater than in Japan, South Korea and Taiwan: neighbors that, unlike China, do not have Communist roots.

The subject remains politically charged in China. Even while Mr. Xi’s relatives were selling off assets, those calling publicly for more disclosure have been punished, including the lawyer Xu Zhiyong, who was given a four-year jail sentence for gathering crowds to disturb public order. The websites of The Times and Bloomberg, which have both reported on elite shareholdings, have been blocked in China for many months.

Ms. Qi, who uses her mother’s last name and also goes by the name Qi Lianxin, and her husband began selling off assets owned by their principal Beijing holding company, the Qinchuan Dadi Investment Company, in late 2012, records filed with the country’s State Administration of Industry and Commerce show. Qinchuan was set up in the weeks after Mr. Xi ascended to the Politburo Standing Committee in 2007 with $2.7 million in investments, ballooning to $156 million four years later.
At least eight of the 11 investments that Qinchuan disclosed at the end of 2011 are no longer owned by the company, records show.

Two of the Qinchuan investments were bought by companies run by Shi Weixue, a real estate executive who made headlines recently for his project to build a resort complex on the tropical island of Hainan, including a “seven-star hotel,” shaped like apple trees. Mr. Shi’s Beijing-based property company, Zhonglianya, was also the majority investor in a Qinchuan-invested property company in the Hubei Province of central China that was liquidated last year.

Luo Zhehong, a property and mining executive from Zhejiang Province in eastern China, where Mr. Xi served as the top official from 2002 to 2007, owned a mining company with Qinchuan in Qinghai Province in western China. Records show that he acquired Qinchuan’s 35 percent stake and also bought out its share in a Beijing investment company.

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Mr. Shi and Mr. Luo were not available to comment. Ms. Qi and Mr. Deng did not respond to faxed questions asking about their investments.

Mr. Xiao, in his statement, said his company had contacted Qinchuan about its asset disposals after the publication this month of an article in The Times about his own business empire and political ties.

Shareholders of the company “voluntarily quit their legitimately operated business which they worked very hard to found, costing them their input or bringing them a huge loss,” Mr. Xiao said through a spokeswoman.

Mr. Deng, through a Shanghai holding company, also owned more than one-sixth of a rare-earth mining company in the Jiangxi Province of eastern China that last year reported owning assets of about $2.1 billion. Records show that he is no longer a shareholder in the Shanghai company, and even if he were, it no longer owns a stake in the mining company.

In April, that stake was taken over by a state-owned aviation investment company. Rare earths go into critical components in electric cars and wind turbines.

Ms. Qi, her daughter Ms. Zhang and Mr. Deng still own many companies across China, stretching from Hainan in the south to Beijing in the north. Records examined this month show the couple still owns their Shenzhen-based investment company, Yuanwei, which holds tens of millions of dollars in assets.

Ms. Zhang also remains the owner of a spacious villa in Hong Kong that records show she bought in early 2009, during the depths of the global financial crisis, for $19.3 million. Since then, prices have appreciated significantly.

A visit to the villa this month suggested that it had been vacant for many years. It is falling into disrepair, with the subtropical Hong Kong foliage slowly reclaiming the driveway and sprouting out from below the black and gold steel gate. A villa on the same street recently listed for 238 million Hong Kong dollars, or more than $30 million.

And the couple did not sell three of its most valuable assets held by Qinchuan, including two infrastructure companies in the city of Xiangyang in Hubei Province. The three assets are together worth at least $234 million.

But on Oct. 8, after no changes in its shareholding structure for almost six years, ownership of Qinchuan itself was transferred out of the family and into the hands of a longtime business associate, Xu Zaisheng, documents filed with the Chinese government show.

Communist China Army Force Invades Nation of India: Dangerous PLA Deep-Incursion Outrages Indian People

China - IndiaAssociated Press

By Nirmala George

NEW DELHI (AP) – The platoon of Chinese soldiers slipped across the boundary into India in the middle of the night, according to Indian officials. They were ferried across the bitterly cold moonscape in Chinese army vehicles, then got out to traverse a dry creek bed with a helicopter hovering overhead for protection.

They finally reached their destination and pitched a tent in the barren Depsang Valley in the Ladakh region, a symbolic claim of sovereignty deep inside Indian-held territory. So stealthy was the operation that India did not discover the incursion until a day later, Indian officials said.

China denies any incursion, but Indian officials say that for two weeks, the soldiers have refused to move back over the so-called Line of Actual Control that divides Indian-ruled territory from Chinese-run land, leaving the government on the verge of a crisis with its powerful northeastern neighbor.

Indian officials fear that if they react with force, the face-off could escalate into a battle with the powerful People’s Liberation Army. But doing nothing would leave a Chinese outpost deep in territory India has ruled since independence.

“If they have come 19 kilometers into India, it is not a minor LAC violation. It is a deliberate military operation. And even as India protests, more tents have come up,” said Sujit Dutta, a China specialist at the Jamia Milia Islamia university in New Delhi.

“Clearly, the Chinese are testing India to see how far they can go,” he said.

That is not China’s stated view.

Chinese Foreign Ministry spokeswoman Hua Chunying said Thursday that Chinese troops had been carrying out normal patrols and had not crossed the boundary.

“China is firmly opposed to any acts that involve crossing the Line of Actual Control and sabotaging the status quo,” she said at a daily briefing in Beijing as she was repeatedly questioned about the dispute.

Hua said talks to defuse the dispute were ongoing and that it should not affect relations. “As we pointed out many times, the China-India border issue is one which was left over from the past. The two sides reached important consensus that this issue should not affect the overall bilateral relations,” Hua said.

Local army commanders from both sides have held three meetings over the crisis, according to Indian officials. India’s foreign secretary called in the Chinese ambassador to register a strong protest. Yet the troops did not move, and even pitched a second tent, Indian officials said.

The timing of the crisis, weeks before Chinese Premier Li Keqiang is to visit India, has surprised many here. The Chinese leader’s decision to make India his first trip abroad since taking office two months ago had been seen as an important gesture toward strengthening ties between rival powers that have longstanding border disputes but also growing trade relations.

Manoj Joshi, a defense analyst at the New Delhi-based Observer Research Foundation, said the timing of the incursion raises questions about “whether there is infighting within the Chinese leadership, or whether someone is trying to upstage Li.”

Indian External Affairs Minister Salman Khurshid said Wednesday that while he had no plans to cancel a trip to Beijing next week to prepare for Li’s visit, the government could reconsider in the coming week.

“A week is a long time in politics,” he told reporters.

Indian politicians accused the scandal-plagued government of Prime Minister Manmohan Singh of floundering in fear before China.

“China realizes that India has a weak government, and a prime minister who is powerless,” said Yashwant Sinha, a former foreign minister from the opposition Bharatiya Janata Party.

He demanded a stronger response. “A bully will back off the moment it realizes that it’s dealing with a country which will not submit to its will,” Sinha said.

Former Defense Minister Mulayam Singh Yadav called the government “cowardly and incompetent.” He warned that China was trying to annex more territory to add to the spoils it took following its victory over India in a brief 1962 border war.

Defense Minister A.K. Antony countered that India is “united in its commitment to take every possible step to safeguard our interests.”

Supporters of the right-wing Shiv Sena party burned effigies of Singh, Antony and other top officials Wednesday, demanding India retaliate by barring Chinese imports.

China is India’s biggest trading partner, with bilateral trade, heavily skewed in China’s favor, crossing $75 billion in 2011.

Analysts feel linking a troop withdrawal to continued trade could work.

“The Chinese have to learn that such aggression cannot be delinked from trade,” said Dutta.

Though the two countries have held 15 rounds of talks, their border disputes remain unresolved. India says China is occupying 38,000 square kilometers (15,000 square miles) in the Aksai Chin plateau in the western Himalayas, while China claims around 90,000 square kilometers (35,000 square miles) in India’s northeastern state of Arunachal Pradesh.

Analysts said they were baffled by Beijing’s motives, since its actions could force India to move closer to Beijing’s biggest rival, the United States.

“The Chinese for some reason don’t seem able to see that,” said Joshi.

China’s aggressive posture could also force India to accelerate its own military modernization program, analysts said.

The stand-off may eventually be resolved diplomatically, “but what it really shows is the PLA’s contempt for our military capability,” former Indian navy chief, Sushil Kumar, wrote in The Indian Express newspaper.

It could also push the government to agree to the army’s longstanding demand to create its own strike corps on the border.

“By needling the Indians, they are helping us to accelerate our modernization,” Joshi said.

More Medals

I know there’s not much funny about North Korea, but this is too good not to share. I guess they need smaller medals or bigger officers.

When you consider their Army last saw combat in 1953, 60 years ago, these guys must be some kind of good staff officers?

North Korean officers… Could be easily defeated with a giant magnet…
SayWhat1

China Issues Rebuke Aimed Loosely Towards North Korea for Trouble-Making on China’s Doorstep

chinank

Chinese Government is calling Obama ‘MONKEY MAN’!(Not because he’s black, but because monkeys are treated/controlled ‘like puppets’ in China)

Nobel Peace Prize Nominee: Obama Asks Military Leaders If They Will “Fire On US Citizens”Monkey

2009 Nobel Peace Prize nominee Jim Garrow shockingly claims he was told
by a top military veteran that the Obama administration’s “litmus test”
for new military leaders is whether or not they will obey an order to
fire on U.S. citizens.

Garrow was nominated three years ago for the prestigious Nobel Peace Prize and is the founder of The Pink Pagoda Girls,
an organization dedicated to rescuing baby girls from “gendercide” in
China. Garrow has been personally involved in “helping rescue more than
36,000 Chinese baby girls from death.” He is a public figure, not an
anonymous voice on the Internet, which makes his claim all the more
disturbing.

“I have just been informed by a former senior military leader that
Obama is using a new “litmus test” in determining who will stay and who
must go in his military leaders. Get ready to explode folks. “The new
litmus test of leadership in the military is if they will fire on US
citizens or not”. Those who will not are being removed,” Garrow wrote on his Facebook page,
later following up the post by adding the man who told him is, “one of
America’s foremost military heroes,” whose goal in divulging the
information was to “sound the alarm.”

Garrow’s claim is even more explosive given that the country is in the
throes of a national debate about gun control, with gun rights advocates
keen to insist that the founders put the second amendment in the
Constitution primarily as a defense against government tyranny.

It also follows reports on Sunday that
General James Mattis, head of the United States Central Command, “is
being told to vacate his office several months earlier than planned.”

Concerns over US troops being given orders to fire on American citizens
in the event of mass gun confiscation first arose in 1995 when hundreds
of Marines at 29 Palms, California were given a survey as part of an academic project
by Navy Lieutenant Commander Ernest Guy Cunningham which asked the
Marines if they would, “Fire upon U.S. citizens who refuse or resist
confiscation of firearms banned by the United States government.”

The survey was subsequently leaked because many of the Marines who took it were shocked by the tone of the question.

The US Military has clearly outlined innumerable civil emergency
scenarios under which troops would be authorized to fire on U.S.
citizens.

In July 2012, the process by which this could take place was made clear
in a leaked US Army Military Police training manual for “Civil
Disturbance Operations” (PDF) dating from 2006. Similar plans were also outlined in an updated manual released in 2010 entitled FM 3-39.40 Internment and Resettlement Operations.

The 2006 document outlines how military assets will be used to “help
local and state authorities to restore and maintain law and order” in
the event of mass riots, civil unrest or a declaration of martial law.

On page 20 of the manual, rules regarding the use of “deadly force” in
confronting “dissidents” on American soil are made disturbingly clear
with the directive that a, “Warning shot will not be fired.”

Given that second amendment advocates are now being depicted as dangerous terrorists by
the federal government and local law enforcement, Garrow’s claim is
sure to stoke controversy given that Americans are seeing their gun
rights eviscerated while the federal government itself stockpiles billions of bullets.

Last week, Gloversville Mayor Dayton King warned that any federal gun confiscation program could lead to a “Waco-style standoff” in rural areas of America.

*********************

Paul Joseph Watson is the editor and writer for Infowars.com and Prison Planet.com. He is the author of Order Out Of Chaos. Watson is also a host for Infowars Nightly News…

Paul Joseph Watson

China”s quantum leap above anything we have on the drawing board.

China’s New “Boat”




This is quantum leap above anything we have on the drawing board. They have thought “outside the box” on this one. Better speed, larger capacity, much more stable, etc. Definitely a “blue-water” long reach vessel. Plus they can service their nuke sub fleet in-between the twin hulls ( sight unseen ) or even launch amphibious opps from same. It will be launched in half the time it takes the USA at just one-third the cost. Add the new Chinese stealth fighter bomber (naval version already flight-testing) in the mix and you have the makings of a formidable weapons system indeed. Also look at that extra ”parking and readiness” station between both hull structures. And of course the launching and landing capabilities from the utilization of twin flight decks at once.

P.S. Some thought should be given to advising your grandchildren to learn to speak mandarin (forget Spanish). My very, very bright 15-year old cousin has already been advised to do so by people who know about such things.

P.S. Six of these vessels (two pacific, two Atlantic, one Indian ocean and one on the Mediterranean sea) would be a pretty good diplomatic “big stick.” Note : the Chinese are already drilling for oil off Cuba , Brazil and Venezuela. Can they build a fleet of these things?

A few facts: the Chinese have completed the world’s biggest dam (three gorges), the world’s longest over-water bridge (65 times as much steel as in the Eiffel tower), constructed a 15,000 ft. high railroad into Tibet (all considered major engineering feats).

China is the only nation other than Russia that can launch men into outer space (our capability ended with the last space shuttle launch this month) . They have also shot down a surveillance satellite (one of their own) from the ground. Plus, they “own our ass” in the international debt game.

China’s new carrier could be twice as fast as anything we have, plus the stability of a catamaran type hull will greatly reduce the pitching, yawing and swaying common to our present designs. Be afraid, be very afraid ….. !

MORE EERIE GHOST CITIES APPEAR IN CHINA – WITHOUT PEOPLE

BY CHELSEA SCHILLING

Why is China constructing large, well-designed “ghost cities” that are completely devoid of people?

Now, the BBC reports a giant new Chinese-built city has been spotted in Africa in the outskirts of Angola’s capital Luanda.

The city, Nova Cidade de Kilamba, was designed to hold up to a half million people and features 750 eight-story apartment buildings, 12 schools and more than 100 retail units, according to the report.

State-owned China International Trust and Investment Corporation reportedly took less than three years to build the city at a cost of $3.5 billion. It covers 12,355 acres.

BBC former Angola correspondent Louise Redvers reported that they discovered that the city’s buildings are completely empty.

The empty cities aren’t only in Africa.

WND and Jerome Corsi’s Red Alert reported just last year that Google Earth photographs of China depict city after city of vast complexes consisting of office skyscrapers, government buildings, apartment buildings, residential towers and homes, all connected by networks of empty roads – with some of the cities located in China’s truly most inhospitable locations.

Images of these “ghost cities” – after countless billions of dollars have been spent on the towns’ design and construction – reveal nobody lives in them.

Block after block of empty houses and apartment buildings, glamorous public buildings, magnificent public parks and sports complexes, even art museums, remain entirely empty.

“The photographs look like giant movie sets prepared to film apocalyptic motion pictures in which some sort of a neutron war or bizarre natural disaster has eliminated people from the face of the earth while leaving the skyscrapers, sports stadiums, parks and roads perfectly intact,” Corsi noted. “One of China’s ghost cities is actually built in the middle of a desert in Inner Mongolia.”

Business Insider ran a series of photos of these Chinese ghost cities. One showed no cars in the city except for approximately 100 parked in largely empty lots clustered around a government building, and another showed a beautiful wetland park with people added using Photoshop.

At the time, China had an estimated inventory of 64 million vacant homes and was building up to 20 new ghost cities a year on the country’s “vast swathes of free land.”
Business Insider speculated that the Chinese need to put their money somewhere, so developers have decided to build, as a place to store the wealth, even if the Chinese building these cities do not intend to live in them and there is no prospect they can find renters.

ScallyWagAndVagabond.com quoted Patrick Chovanec, a business teacher at Tsinghua University in Beijing, who explained, “Who wants to be the mayor who reports that he didn’t get 8 percent GDP growth this year? Nobody wants to come forward with that. So the incentives in the system are to build. And if that’s the easiest way to achieve growth, then you build.”

The following are some photos posted on Facebook of the Chinese “ghost city,” Nova Cidade de Kilamba, in Africa:






Source

CHINA: THE UNREPORTABLE SCANDAL

by Joseph Farah
Totalitarian China, which has become America’s banker, is setting the stage to sabotage our national defense in a number of ways. In fact, it would not be inaccurate to say that China has all but declared war on the U.S. through acts of aggression that are being covered up by Washington and the media elite.

Here are the facts WND has established:

China is preparing for cyber warfare against the United States.The U.S. government has been aware of this for two years, but is making no preparations to deal with the imminent threat. The media refuse tell the American people what’s happening.
China has been manufacturing counterfeit components that have made their way into sensitive U.S. weapons systems. The problem of fake Chinese electronic components, which were installed by defense contractors without prior testing and are operating in U.S. military systems, is far more widespread than originally thought. The counterfeit components have been found in U.S. missile systems meant to thwart the potential of a Chinese attack, in night-vision devices and in various military aircraft.
In fact, there’s much more coming on this scandal. And, quite candidly, I need your help in spreading this information far and wide – through your email contacts, through social networking and by communicating with your own elected representatives in Washington.

And when I refer to this “scandal,” I’m not just referring to the acts of war by China. I’m referring to complicity, silence and cover-up actively under way by the U.S. government and the American press establishment.

Why is China a sacred cow?

What else can China do to the U.S. without consequences?

Will we let China get away with murder?

How about the subversion of our most critical defense systems?

Most members of Congress are oblivious to these acts of aggression by China, even though the facts are there for them to see for themselves if they care to look.

To their credit, some U.S. government officials who have read WND’s recent reports on these matters have inquired about sourcing – particularly revelations about an electronic backdoor that could access and disable America’s government and commercial telecommunications systems.

Yet, as WND’s staff writer Michael Maloof, a former Defense Department official, reveals, the information has been known to the U.S. government and was further disclosed as recently as last March in a report prepared by the U.S. defense aerospace company Northrop Grumman Corp. for the congressional U.S.-China Economic and Security Review Commission. The report is titled “Occupying the Information High Ground: Chinese Capabilities for Computer Network Operations and Cyber Espionage.”

The report warned that the Chinese military, through its large Chinese telecommunications firms, has created an avenue for state-sponsored and state-directed penetrations of supply chains for electronics supporting U.S. military, government and civilian industry.

Here’s the shocker from that report: “Successful penetration of a supply chain such as that for the telecommunications industry has the potential to cause the catastrophic failure of systems and networks supporting critical infrastructure for national security or public safety.”

Let me note that “catastrophic failure of systems and networks supporting critical infrastructure for national security or public safety” is a very big deal. It’s bigger than 99.9 percent of the issues Washington deals with on a daily basis. It’s extremely newsworthy, too. So ask yourself: Why you are not hearing about this and reading about this, and why it is not a campaign issue in this presidential election year?

Here’s more from the report: “Potential effects include providing an adversary with capabilities to gain covert access and monitoring of sensitive systems, to degrade a system’s mission effectiveness, or to insert false information or instructions that could cause premature failure or complete remote control or destruction of the targeted system.”

Many of the findings of the commission came from Chinese source materials including authoritative People’s Liberation Army publications, the Chinese government ministries responsible for science and technology policy and Chinese defense industries, to name a few.

The report also deals with China’s priority modernization of its command, control, communications, computers, intelligence, surveillance and reconnaissance, or C4ISR infrastructure, which has served as a catalyst for the development of an integrated information warfare capability that can defend military and civilian networks while seizing control of information systems of an adversary, such as the U.S., during a conflict.

“Chinese capabilities in computer network operations have advanced sufficiently to pose genuine risk to U.S. military operations in the event of a conflict,” the congressional report said.

Now you know the truth.

The only mystery is why this is not being discussed and reported like one of the biggest stories of 2012.

Why Is The Obama Administration Allowing The Chinese Government To Buy Up U.S. Oil & Gas Deposits Worth Billions Of Dollars?

If we are trying to become independent of foreign oil, then why is the Obama administration allowing the Chinese government to buy up U.S. oil and gas deposits worth billions of dollars? This makes absolutely no sense whatsoever. The United States desperately needs to maintain control over its own domestic energy resources so that we can end our addiction to foreign oil. As I have written about previously, the United States actually has plenty of oil. If we would simply use the resources that we already have, we would never have to import a single drop of foreign oil. But instead, we continue to be the largest importer of oil on the planet and we are allowing China to rapidly buy up oil and gas deposits inside the United States. This is fundamentally wrong and it is a serious threat to our national security. But apparently everything is for sale in the United States today, and that includes our precious energy resources.

The Chinese government is using two giant corporations to buy up these energy resources.

The first is the China National Offshore Oil Corporation (CNOOC). According to Wikipedia, this corporation is 100 percent owned by the Chinese government….

CNOOC Group is a state-owned oil company, fully owned by the Government of the People’s Republic of China, and the State-Owned Assets Supervision and Administration Commission of the State Council (SASAC) performs the rights and obligations of shareholder on behalf of the government.

The second is Sinopec Corporation. Sinopec Group is the largest shareholder (about 75% of the shares) in Sinopec Corporation. And as the Sinopec website tells us, Sinopec Group is owned by the Chinese government….

Sinopec Group, the largest shareholder of Sinopec Corp., is a super-large petroleum and petrochemical group incorporated by the State in 1998 based on the former China Petrochemical Corporation. Funded by the State, it is a State authorized investment arm and State-owned controlling company.

So wherever you see CNOOC or Sinopec you can replace those names with the Chinese government. The Chinese government essentially runs both of those companies.

And both companies have been very busy buying up U.S. oil and gas deposits.

For example, CNOOC recently completed a 570 million dollar deal that gives it a one-third interest in huge oil and gas deposits in Colorado and Wyoming. The following is from Wyoming Energy News….

Chinese energy company Cnooc Ltd. has agreed to pay $570 million for a one-third interest in Chesapeake Energy Corp.’s 800,000 leased acres in northeast Colorado and southeast Wyoming. The acreage is in the Denver-Julesburg (DJ) and Powder River basins. Cnooc is China’s biggest offshore oil and natural gas producer.

In fact, according to a recent Business Insider article, this deal gives the Chinese government the right to a third of any new oil discovered by Chesapeake Energy in the entire region….

The Niobrara Shale formation stretches over Colorado and Wyoming, as well as Kansas and Nebraska. Chesapeake Energy’s position is in Wyoming and Colorado. If Chesapeake find any more oil in this region, CNOOC has the rights to 33.3% of what is found.

But this is not the only area of the country where China now owns energy rights. The following is an excerpt from a recent state-by-state breakdown that appeared in the Wall Street Journal….

Louisiana: Sinopec has a one-third interest in 265,000 acres in the Tuscaloosa Marine Shale after a broader $2.5-billion deal with Devon Energy.

Michigan: Sinopec gained a one-third interest in 350,000 acres in a larger $2.5 billion deal with Devon Energy.

Ohio: Sinopec acquired a one-third stake in Devon Energy’s 235,000 Utica Shale acres in a larger $2.5 billion deal.

Oklahoma: Sinopec has a one-third interest in 215,000 acres in a broader $2.5 billion deal with Devon Energy.

Texas: Cnooc acquired a one-third interest in Chesapeake Energy’s 600,000 acres in the Eagle Ford Shale in a $2.16-billion deal.

The Texas deal was particularly noteworthy. The following is how a San Antonio news source described that deal….

State-owned Chinese energy giant CNOOC is buying a multibillion-dollar stake in 600,000 acres of South Texas oil and gas fields, potentially testing the political waters for further expansion into U.S. energy reserves.

With the announcement Monday that it would pay up to $2.2 billion for a one-third stake in Chesapeake Energy assets, CNOOC lays claim to a share of properties that eventually could produce up to half a million barrels a day of oil equivalent.

So why is the Obama administration allowing this to happen?

Are they so desperate to have China continue lending money to the United States that they would allow the Chinese government to pillage our precious energy resources?

Somebody needs to be asking our politicians that question.

But oil and gas are not the only U.S. assets that the Chinese have been buying up.

In a previous article, I detailed how the Chinese have been purchasing huge chunks of real estate all over the country as well.

For example, a recent Forbes article detailed some of the real estate deals that China has been doing in New York….

According to a recent report in the New York Times, investors from China are “snapping up luxury apartments” and are planning to spend hundreds of millions of dollars on commercial and residential projects like Atlantic Yards in Brooklyn. Chinese companies also have signed major leases at the Empire State Building and at 1 World Trade Center, the report said.

In addition, it was recently announced that the Federal Reserve will now allow Chinese banks to buy up American banks.

Where will all of this end?

Should all of us start learning to speak Chinese?

Meanwhile, our trade deficit with China continues to get even larger. Our trade deficit with China last year was $295.5 billion, which was the largest trade deficit that one country has had with another country in the history of the world. This year, we are already on a pace to break that record.

So thousands of businesses, millions of jobs and hundreds of billions of dollars will continue to leave the United States and go to China.

And China will continue to use some of the money they are getting from us to buy up pieces of America.

Does anyone else out there see something very, very wrong with all of this?

Communist China Setting Up City in America

A Chinese group known as “Sino-Michigan Properties LLC” has bought up 200 acres of land near the town of Milan, Michigan. Their plan is to construct a “China City” with artificial lakes, a Chinese cultural center and hundreds of housing units for Chinese citizens. Essentially, it would be a little slice of communist China dropped right into the heartland of America.

This “China City” would be located about 40 minutes from both Detroit and Toledo, and it would be marketed to Chinese business people that want to start businesses in the United States. Unfortunately, this is not just an isolated incident. In fact, Chinese companies have been buying up land and businesses all over the country in recent years. There has even been talk of establishing “special economic zones” inside the United States modeled after the Chinese city of Shenzhen. It was inevitable that the Chinese were going to do something with the trillions of dollars that they have made flooding our shores with cheap products. Now they are rapidly buying up pieces of America, and many of our politicians are welcoming them with open arms.

The town of Milan, Michigan is a small farming community of only about 6,000 people, but big changes are coming their way. The following is from a recent Dayton Daily News article about this new project….

A group of mainland Chinese known as Sino-Michigan Properties LLC paid $1.9 million for 200 acres of farmland on Milan city limits in purchases this year and in 2011, according to local officials and property records.

Unfortunately, the goal does not appear to be to integrate this new “city” into the existing community in and around Milan.

Rather, it appears that all of the new housing will be sold to people coming over from China. According to the Milan News Leader newspaper, the new housing units “would be marketed to Chinese business people who want to start companies in the United States”.

In essence, we would be looking at a new Chinese city right in the middle of Michigan.Doug Smith, senior vice president for business and community development for the Michigan Economic Development Corp., recently said the followingabout what the Chinese group plans to do….

“It’s a group that wants to build a China city, starting with housing over there in Milan”

Milan is not far from the University of Michigan in Ann Arbor, which is a very popular destination for Chinese students. Apparently that is one reason why Milan was chosen.

This new project would be a Chinese community built by Chinese and specifically designed for Chinese.

But isn’t this supposed to be America?

Fortunately, the project does not have final approval yet. It still must be approved by the two townships outside of Milan where the land is located.

For some reason, the Chinese seem to be particularly interested in this area of the country.

For example, a different Chinese investment group has been busy buying up chunks of real estate over in nearby Toledo, Ohio. The following is from an article in the Toledo Blade on May 26th, 2011….

Dashing Pacific Group Ltd., which has already purchased the nearby Docks restaurant complex for $2.15 million, put its $3.8 million offer to buy the southern 69 acres at the Marina District in East Toledo back on the table for approval by Toledo City Council. Additionally, Dashing Pacific Chairman Yuan Xiaohong, in a letter signed in Hangzhou, said the firm wants a two-year option to buy the decommissioned Toledo Edison power plant property on the site.

So should we be alarmed that the Chinese are buying up pieces of America?

Well, if they simply wanted to enjoy living in America and wanted to integrate into the wider community that would be one thing.

But it is another thing altogether to start dropping slices of communist China inside of U.S. territory.

In a previous article entitled “China Wants To Construct A 50 Square Mile Self-Sustaining City South Of Boise, Idaho”, I discussed a potential deal that Sinomach (a company controlled by the Chinese government) was exploring with the government of Idaho. The following is a description of that potential project from an article in the Idaho Statesman….

A Chinese national company is interested in developing a 10,000- to 30,000-acre technology zone for industry, retail centers and homes south of the Boise Airport.

There was talk that this “technology zone” would be modeled after the “special economic zones” that have been developed in China. The city of Shenzhen is perhaps the most famous example of this.

Fortunately that deal appears to have stalled, but other mammoth deals have been moving forward in other parts of the country.

For example, the Chinese have been very busy gobbling up oil and gas fields. The following is a quote from a local Texas news source about a deal that a company owned by the Chinese government did with Chesapeake Energy down in Texas….

State-owned Chinese energy giant CNOOC is buying a multibillion-dollar stake in 600,000 acres of South Texas oil and gas fields, potentially testing the political waters for further expansion into U.S. energy reserves.

With the announcement Monday that it would pay up to $2.2 billion for a one-third stake in Chesapeake Energy assets, CNOOC lays claim to a share of properties that eventually could produce up to half a million barrels a day of oil equivalent.

You can read more about that particular deal right here.

So is it really a good idea to be allowing the Chinese to buy up our precious energy resources?

The answer to that question is obvious.

Sadly, the examples noted above are not isolated incidents. The truth is that the Chinese have been snapping up real estate and business assets all over America as a recent Forbes article explained….

According to a recent report in the New York Times, investors from China are “snapping up luxury apartments” and are planning to spend hundreds of millions of dollars on commercial and residential projects like Atlantic Yards in Brooklyn. Chinese companies also have signed major leases at the Empire State Building and at 1 World Trade Center, the report said.

So get ready – the Chinese are buying up U.S. land and they are moving in whether you like it or not.

So what will the long-term consequences be of allowing a communist superpower to buy up large sections of America?

That is a very good question.