Chinese Companies exploiting us

Discuss politics and current affairs here.

Hot topic: The scourge of negative gearing, Friends of the NBN and wrecking lives.  The economy and Poll tracking— all the polls.

Special Feature 1: Peter Costello and our current deficits.
Special Feature 2: Dr Turnbull and the wrong NBN prescription
Special Feature 3: The Denigration of science, technology and education.
.
Forum rules
The rules for this board are in the Charter of Moderation. Politics is for serious discussion of politics, economics and current affairs.

Chinese Companies exploiting us

Postby Chuck » 26 Mar 2020, 19:23

I never managed to leave the country because of the cruise ship cancellations and airlines restrictions. I was saved from my wife’s determination to travel at all cost!

So I been monitoring the articles on his site for a few days and noticed how this site is so mundane and boring!

The site needs a bit of spice that normally comes with controversy, and I prepared to fulfil this task.

Beside what I believe is this disgusting behaviour by predominantly mainland Chinese residents and students with the the baby powder formula.

If the following is an example of the behaviour of a Chinese company allowed to operate in Australia, heaven help us, if they buy our farms and other businesses.

Our govt needs to exclude any purchases of properties or businesses by Mainland Chinese companies when our economy is in a depressed state.

Other Chinese residents should not be offended with Trump’s remark about the "The China Virus" which refers to mainland China.
It would be different if he used the "Chinese Virus" in his comments and I would understand why some would be offended.

Unfortunately, our experiment with multiculturalism amounted with one particular races dictating our life style to our own detriment!

The following is extracted or a précis format of the SMH article.

Chinese-backed company's mission to source Australian medical supplies.

As the coronavirus took hold in Wuhan earlier this year, staff from the Chinese government-backed global property giant Greenland Group were instructed to put their normal work on hold and source bulk supplies of essential medical items to ship back to China.

The Greenland group, which is majority owned by the Shanghai government, has sold more than a billion dollars worth of residential apartments in Sydney and Melbourne since its arrival in 2013.

A whistleblower from the company has told the Herald it was a worldwide Greenland effort - and the Sydney office was no different, sourcing bulk supplies of surgical masks, thermometers, antibacterial wipes, hand sanitisers, gloves and Panadol for shipping.

The company even posted its efforts of packing pallets in the company’s Sydney headquarters on social media.
"Basically all employees, the majority of whom are Chinese, were asked to source whatever medical supplies they could," one company insider told the Herald. This exercise went on for weeks through January and February, he said.

The entire accounts department, contract managers, the human resources team and even receptionists were sent on a mission to find bulk supplies of surgical masks, thermometers, antibacterial wipes, hand sanitisers, gloves and Panadol."There were numerous requests from the HR manager and even our direct reporting line [which] prioritised the assisting of the company in gathering these supplies over other work activities," said the source. The entire accounts department were absent for days as they were out purchasing supplies, he said.

In a statement to the Herald, the Greenland Group confirmed the shipment of medical supplies in January and February saying it "felt compelled ... to assist in efforts to mitigate the spread of the virus, which had caused a shortage of crucial medical supplies in China."
Chuck
mountain lion
 
Posts: 906
Joined: 11 May 2019, 18:39
spamone: Animal

Re: Chinese Companies exploiting us

Postby DonDeeHippy » 27 Mar 2020, 04:42

If Australia was in dire need. It would be nice to think that Aussie companies around the world would do the same for us....
Probably wishful thinking though... :purple
Bongalong... for some reason women are just so superior to anything that ever existed or will ever exist!
User avatar
DonDeeHippy
Warthog
 
Posts: 2794
Joined: 25 Apr 2018, 20:18
spamone: Animal

Re: Chinese Companies exploiting us

Postby Chuck » 27 Mar 2020, 11:41

DonDeeHippy wrote:If Australia was in dire need. It would be nice to think that Aussie companies around the world would do the same for us....
Probably wishful thinking though... :purple
I doubt they would do it in a underhanded manner as this particular group and possibly involving others companies under China's govt control.
It wouldn’t surprise me, that such behaviour in China would be a treasonable offence.

Many Western Govt's sent medical equipment to Wuhan in their initial outbreak!
Suspecting their govt thinking’s, their reciprocation would involve some form of financial, migration or labour laws changes, to the detriment of the Australian community!

I blame our demise on the Corporate business community and the crazing modern day economist who manage to manipulate our politicians into their line of thinking.
Unfortunately, most of our politicians aren’t normal interested in the well being of our society, unless it compromise their re-election.

These people, ever through greed or ignorance, allowed us to become a colony of Imperialist China economic warfare and demographic policy’s!

I would even go as far in suggesting that our country’s security is compromised by the lack of loyalty as shown by residents from mainland China.
Chuck
mountain lion
 
Posts: 906
Joined: 11 May 2019, 18:39
spamone: Animal

Re: Chinese Companies exploiting us

Postby johnsmith » 27 Mar 2020, 12:45

Chuck wrote:Many Western Govt's sent medical equipment to Wuhan in their initial outbreak!


china has sent many supplies elsewhere as well. Italy got sent many containers full of supplies, plus doctors to assist.
FD.
I hope that bitch who was running their brothels for them gets raped with a cactus.
User avatar
johnsmith
Lion
 
Posts: 10127
Joined: 25 Sep 2017, 21:39
spamone: Animal

Re: Chinese Companies exploiting us

Postby Chuck » 28 Mar 2020, 19:05

johnsmith wrote:
Chuck wrote:Many Western Govt's sent medical equipment to Wuhan in their initial outbreak!


china has sent many supplies elsewhere as well. Italy got sent many containers full of supplies, plus doctors to assist.

What concession has Italy had to concede to get their assistance from China?

I’ve heard rumours, that the stuff that was sent from here to China, has been offered back to us at an exorbitant prices!

Someone mentioned it is a racket run by the private migration agency and some of these agency’s can source a portion of the stack within Australia.
Chuck
mountain lion
 
Posts: 906
Joined: 11 May 2019, 18:39
spamone: Animal

Re: Chinese Companies exploiting us

Postby Bongalong » 28 Mar 2020, 19:51

Chuck wrote:
DonDeeHippy wrote:If Australia was in dire need. It would be nice to think that Aussie companies around the world would do the same for us....
Probably wishful thinking though... :purple
I doubt they would do it in a underhanded manner as this particular group and possibly involving others companies under China's govt control.
It wouldn’t surprise me, that such behaviour in China would be a treasonable offence.

Many Western Govt's sent medical equipment to Wuhan in their initial outbreak!
Suspecting their govt thinking’s, their reciprocation would involve some form of financial, migration or labour laws changes, to the detriment of the Australian community!

I blame our demise on the Corporate business community and the crazing modern day economist who manage to manipulate our politicians into their line of thinking.
Unfortunately, most of our politicians aren’t normal interested in the well being of our society, unless it compromise their re-election.

These people, ever through greed or ignorance, allowed us to become a colony of Imperialist China economic warfare and demographic policy’s!

I would even go as far in suggesting that our country’s security is compromised by the lack of loyalty as shown by residents from mainland China.

The Chinese have been here a long time :beer
"Oi!"
Bongalong
Warthog
 
Posts: 3647
Joined: 25 Jun 2018, 11:48
spamone: Animal

Re: Chinese Companies exploiting us

Postby Chuck » 28 Mar 2020, 20:04

Bongalong wrote:
Chuck wrote:
DonDeeHippy wrote:If Australia was in dire need. It would be nice to think that Aussie companies around the world would do the same for us....
Probably wishful thinking though... :purple
I doubt they would do it in a underhanded manner as this particular group and possibly involving others companies under China's govt control.
It wouldn’t surprise me, that such behaviour in China would be a treasonable offence.

Many Western Govt's sent medical equipment to Wuhan in their initial outbreak!
Suspecting their govt thinking’s, their reciprocation would involve some form of financial, migration or labour laws changes, to the detriment of the Australian community!

I blame our demise on the Corporate business community and the crazing modern day economist who manage to manipulate our politicians into their line of thinking.
Unfortunately, most of our politicians aren’t normal interested in the well being of our society, unless it compromise their re-election.

These people, ever through greed or ignorance, allowed us to become a colony of Imperialist China economic warfare and demographic policy’s!

I would even go as far in suggesting that our country’s security is compromised by the lack of loyalty as shown by residents from mainland China.

The Chinese have been here a long time :beer
Not in such large numbers, to misbehave arrogantly!
Chuck
mountain lion
 
Posts: 906
Joined: 11 May 2019, 18:39
spamone: Animal

Re: Chinese Companies exploiting us

Postby Bongalong » 28 Mar 2020, 20:18

Chuck wrote:
Bongalong wrote:
Chuck wrote:
DonDeeHippy wrote:If Australia was in dire need. It would be nice to think that Aussie companies around the world would do the same for us....
Probably wishful thinking though... :purple
I doubt they would do it in a underhanded manner as this particular group and possibly involving others companies under China's govt control.
It wouldn’t surprise me, that such behaviour in China would be a treasonable offence.

Many Western Govt's sent medical equipment to Wuhan in their initial outbreak!
Suspecting their govt thinking’s, their reciprocation would involve some form of financial, migration or labour laws changes, to the detriment of the Australian community!

I blame our demise on the Corporate business community and the crazing modern day economist who manage to manipulate our politicians into their line of thinking.
Unfortunately, most of our politicians aren’t normal interested in the well being of our society, unless it compromise their re-election.

These people, ever through greed or ignorance, allowed us to become a colony of Imperialist China economic warfare and demographic policy’s!

I would even go as far in suggesting that our country’s security is compromised by the lack of loyalty as shown by residents from mainland China.

The Chinese have been here a long time :beer
Not in such large numbers, to misbehave arrogantly!

They've had a long time to set up shop and they know how numbers work! :Hi :huh :OMG
"Oi!"
Bongalong
Warthog
 
Posts: 3647
Joined: 25 Jun 2018, 11:48
spamone: Animal

Re: Chinese Companies exploiting us

Postby Chuck » 28 Mar 2020, 20:46

Bongalong wrote:
Not in such large numbers, to misbehave arrogantly!
They've had a long time to set up shop and they know how numbers work! :Hi :huh :OMG
Do u mean that they are great at exploiting a dire situations,

Your use of statistics appears to mask the seriousness of this virus!
I’m intrigued with ur reasons, why ur so blasé about this virus.
Chuck
mountain lion
 
Posts: 906
Joined: 11 May 2019, 18:39
spamone: Animal

Re: Chinese Companies exploiting us

Postby Bongalong » 28 Mar 2020, 20:55

Chuck wrote:
Bongalong wrote:
Not in such large numbers, to misbehave arrogantly!
They've had a long time to set up shop and they know how numbers work! :Hi :huh :OMG
Do u mean that they are great at exploiting a dire situations,

Your use of statistics appears to mask the seriousness of this virus!
I’m intrigued with ur reasons, why ur so blasé about this virus.

I'm not using statistics! I'm just saying the Chinese have always been a huge population and they know what it is to be dirt-poor: in that situation wouldn't you take the first opportunity to Nirvana for you and your family?
We're all exploitative ....
"Oi!"
Bongalong
Warthog
 
Posts: 3647
Joined: 25 Jun 2018, 11:48
spamone: Animal

Re: Chinese Companies exploiting us

Postby johnsmith » 29 Mar 2020, 10:43

Chuck wrote:
johnsmith wrote:
Chuck wrote:Many Western Govt's sent medical equipment to Wuhan in their initial outbreak!


china has sent many supplies elsewhere as well. Italy got sent many containers full of supplies, plus doctors to assist.

What concession has Italy had to concede to get their assistance from China?

I’ve heard rumours, that the stuff that was sent from here to China, has been offered back to us at an exorbitant prices!

Someone mentioned it is a racket run by the private migration agency and some of these agency’s can source a portion of the stack within Australia.


thy didn't have to allow a military base, which is the only way the US helps.
FD.
I hope that bitch who was running their brothels for them gets raped with a cactus.
User avatar
johnsmith
Lion
 
Posts: 10127
Joined: 25 Sep 2017, 21:39
spamone: Animal

Re: Chinese Companies exploiting us

Postby johnsmith » 29 Mar 2020, 10:45

Chuck wrote:
Bongalong wrote:
Not in such large numbers, to misbehave arrogantly!
They've had a long time to set up shop and they know how numbers work! :Hi :huh :OMG
Do u mean that they are great at exploiting a dire situations,

Your use of statistics appears to mask the seriousness of this virus!
I’m intrigued with ur reasons, why ur so blasé about this virus.


exploiting dire situations? isn't that what the west wanted for the last 50 yrs, for china to move to capitalism? now that they do you cry. Get over it.

If my family in europe asked me to send them supplies I would. I wouldn't expect any less from the Chinese sending stuff to their families
FD.
I hope that bitch who was running their brothels for them gets raped with a cactus.
User avatar
johnsmith
Lion
 
Posts: 10127
Joined: 25 Sep 2017, 21:39
spamone: Animal

Re: Chinese Companies exploiting us

Postby Chuck » 29 Mar 2020, 15:05

Chuck wrote:
Bongalong wrote:
Not in such large numbers, to misbehave arrogantly!
They've had a long time to set up shop and they know how numbers work! :Hi :huh :OMG
Do u mean that they are great at exploiting a dire situations,

Your use of statistics appears to mask the seriousness of this virus!
I’m intrigued with ur reasons, why ur so blasé about this virus.
Firstly, I need to apologise to u, my intention was to direct my comments to the another poster.

It should have been directed to DDH!
Chuck
mountain lion
 
Posts: 906
Joined: 11 May 2019, 18:39
spamone: Animal

Re: Chinese Companies exploiting us

Postby Chuck » 29 Mar 2020, 18:09

johnsmith wrote:exploiting dire situations? isn't that what the west wanted for the last 50 yrs, for china to move to capitalism? now that they do you cry. Get over it.

If my family in europe asked me to send them supplies I would. I wouldn't expect any less from the Chinese sending stuff to their families
I can’t recall ever mentioning that u should be banned from assisting an overseas family member!

What I find abhorrent, is these people’s mentality to exploit any situation simply to profiteer.
They never take into consideration the effects it may have on others. As an example, with the baby formula powder, it became a profitable business venture for the elders and student residents. They made a choice to being indifferent to the consequences that young mothers at home will face.

It sounds like any Chinese company’s with branches of any Chinese govt dept as minor stack holder, that is operating within Australia, will follow their instruction.

Besides receiving assistance from the outside, they used underhanded tactics to receive extra medical equipment, simply for propaganda reasons.

Any other nation would simply ask for extra assistance, but this pariah nation simply wanted to save face amongst their people.

In the case of Italy, they publicly asked the EU for extra assistance, even thou it wasn’t initially fore coming.
It is currently receiving some assistance from Germany with medivac of patient's for treatment.

I prepared to make the following prediction that if the USA situation deteriorates even further, China will force Taiwan into their fold.
Especially, if Taiwan wants to avoid bloodshed , as the US will not have available resources to counter China's aggression!
Chuck
mountain lion
 
Posts: 906
Joined: 11 May 2019, 18:39
spamone: Animal

Re: Chinese Companies exploiting us

Postby pinkeye » 30 Mar 2020, 01:38

Bongalong wrote:
Chuck wrote:
Bongalong wrote:
Not in such large numbers, to misbehave arrogantly!
They've had a long time to set up shop and they know how numbers work! :Hi :huh :OMG
Do u mean that they are great at exploiting a dire situations,

Your use of statistics appears to mask the seriousness of this virus!
I’m intrigued with ur reasons, why ur so blasé about this virus.

I'm not using statistics! I'm just saying the Chinese have always been a huge population and they know what it is to be dirt-poor: in that situation wouldn't you take the first opportunity to Nirvana for you and your family?
We're all exploitative ....


True that .. :thumb

We are ALL HUMANS... so we ought to KNOW what to expect.!! :roll
sleeping is good for you
User avatar
pinkeye
Rhinocerus
 
Posts: 5165
Joined: 01 Oct 2017, 20:59
spamone: Animal

Re: Chinese Companies exploiting us

Postby johnsmith » 30 Mar 2020, 11:00

Chuck wrote:What I find abhorrent, is these people’s mentality to exploit any situation simply to profiteer.


then you've spent your life living in a cave. You can bet your arse many westerners are profiteering from this as we speak.
FD.
I hope that bitch who was running their brothels for them gets raped with a cactus.
User avatar
johnsmith
Lion
 
Posts: 10127
Joined: 25 Sep 2017, 21:39
spamone: Animal

Re: Chinese Companies exploiting us

Postby johnsmith » 30 Mar 2020, 11:03

Chuck wrote:In the case of Italy, they publicly asked the EU for extra assistance, even thou it wasn’t initially fore coming.
It is currently receiving some assistance from Germany with medivac of patient's for treatment.


which the EU for the most part ignored. Most of the help Italy has received has been from China and Russia

The Russians sent 9 shipping containers full of ventillators and PPE to help them, plus a planeload of doctors.
FD.
I hope that bitch who was running their brothels for them gets raped with a cactus.
User avatar
johnsmith
Lion
 
Posts: 10127
Joined: 25 Sep 2017, 21:39
spamone: Animal

Re: Chinese Companies exploiting us

Postby Chuck » 30 Mar 2020, 19:04

johnsmith wrote:exploiting dire situations? isn't that what the west wanted for the last 50 yrs, for china to move to capitalism? now that they do you cry. Get over it.

If people haven’t changed over 50yrs, why do u have expectations that people need to change when it comes to racial and religious makeup of country?

Normally, western countries try to engender benefits to both parties, and part of their agenda is to encourage freedom for the opposite parties, people.

My opinion, is the Iraq war was started simply to establish a country that was in the Western mould.
Thus remove the oil need from the abhorrent Saudi govt!
Chuck
mountain lion
 
Posts: 906
Joined: 11 May 2019, 18:39
spamone: Animal

Re: Chinese Companies exploiting us

Postby johnsmith » 31 Mar 2020, 10:52

Chuck wrote:If people haven’t changed over 50yrs, why do u have expectations that people need to change when it comes to racial and religious makeup of country?


but china has changed dramatically over the last 50 years.... try again :roll
FD.
I hope that bitch who was running their brothels for them gets raped with a cactus.
User avatar
johnsmith
Lion
 
Posts: 10127
Joined: 25 Sep 2017, 21:39
spamone: Animal

Re: Chinese Companies exploiting us

Postby Chuck » 01 Apr 2020, 17:02

johnsmith wrote:but china has changed dramatically over the last 50 years.... try again :roll

They certainly have changed, by being conniving and entrepreneurial when it comes to business but backwards in other areas such as dealing with human rights and slavery.

At least the Chinese govt. has seen advantages in giving their people the freedom to travel and thus dispersing their people through out the world.

The Chinese govt. has outsmarted the Western business community and their respective govt's. The dumb arse Corporate business people, gave away their technical knowledge in exchange for their greed to obtain cheap labour.It resulted in losing skills that should have been retained for strategic reasons. Some former CEO's are admitting their error, after obtaining their wealth for decision that the average yobbo could do!

What should have taken China 15-20 years to get the tech know how, was achieved in short space of time.

If they were still those years behind, they would be poorer and not able been to travel and disperse this virus around the world as quickly as it happened.

Yet, what I find intriguing, is how they seem to be able to manipulate former residents into their line of thinking who have been long time residents in other countries. It’s like the Chinese govt can control them telepathically!

We are currently being ripped off by the so called loyal Chinese residents that reside here. Even ur relatives, the Mafia, weren’t so overt as this group of ethic residents, having such a detriment on the community.
Chuck
mountain lion
 
Posts: 906
Joined: 11 May 2019, 18:39
spamone: Animal

Re: Chinese Companies exploiting us

Postby Chuck » 04 Apr 2020, 16:19

US accused of 'wild west' tactics to obtain protective gear

The US has been accused of using "wild west methods" to obtain personal protective equipment to be used in the fight against COVID-19.

In France and Germany, senior officials said the US was paying far above the market price for masks from China, on occasion winning contracts through higher bids even after European buyers believed a deal was done. Brazil's Health Minister reported a similar incident.

Interior Minister for Berlin state Andreas Geisel said 200,000 face masks purchased by the German capital were suddenly diverted to the US en route from China, describing the diversion as "an act of modern piracy".

"Even in times of global crisis there should be no wild west methods," Mr Geisel said in a statement.
German officials confirmed that their delivery was seized at Bangkok airport and diverted elsewhere, without naming the perpetrator.

The US has not responded to the accusation, but a DHS official said US companies and the Government have been paying above market price for much of the gear purchased overseas.

The official, who requested anonymity to discuss the matter, said the US would not stop buying "until we have way too much" and could still be searching out protective gear abroad through August.

"We've gotten our hands on every bit of it that we can," the official said.
Chuck
mountain lion
 
Posts: 906
Joined: 11 May 2019, 18:39
spamone: Animal

Re: Chinese Companies exploiting us

Postby johnsmith » 05 Apr 2020, 11:42

Chuck wrote:The US has been accused of using "wild west methods" to obtain personal protective equipment to be used in the fight against COVID-19.


so much for trumpy not overpaying and making what the USA needs in the USA :roll

He gave up on his own rhetoric as soon as the shit hit the fan
FD.
I hope that bitch who was running their brothels for them gets raped with a cactus.
User avatar
johnsmith
Lion
 
Posts: 10127
Joined: 25 Sep 2017, 21:39
spamone: Animal

Re: Chinese Companies exploiting us

Postby Chuck » 05 Apr 2020, 14:05

smh.com.au. This isn’t the complete article, it is the paragraphs that I thought was important

A former Chinese military officer worked with Chinese Communist Party agencies and a group with links to organised crime to export tonnes of Australian medical supplies to Wuhan at the height of the coronavirus epidemic there.

The former officer, Kuang Yuanping, is now planning to bring medical equipment to Australia given the peak of the COVID-19 crisis in China appears to have passed.

People familiar with his plans said he wanted to help Australia’s efforts to contain the virus and assist China’s soft power and political influence goals in this country through charitable activity.

Sydney-based Mr Kuang is a former officer in the People's Liberation Army who runs a number of Chinese Communist Party-backed organisations in Sydney and Melbourne. These organisations include some that are loosely backed by China's soft-power agency, the United Front Work Department, which is charged with building influence for the CCP overseas and countering its critics.

The Age and The Sydney Morning Herald can reveal that in February Mr Kuang helped coordinate two air lifts of medical supplies from Australia to Wuhan. The consignments included 35,000 sets of protective medical suits, 200,000 pairs of gloves and 10 tonnes of disinfectant. The goods went to hospitals and medical centres in Wuhan and five other cities at the epicentre of the crisis

The Age and Herald have reported previously the effort by Chinese-Australian companies to source and fly tonnes of medical equipment to Wuhan, but this is the first time an explicit link can be made to Chinese influence activities in Australia. The efforts of Chinese companies to help their compatriots back home may have contributed to shortages of products in Australia, particularly masks, which are concerning medical experts.

Beijing's aid campaign shows medical equipment is now flowing the other way. In the words of a March 19 article in the party controlled People’s Daily, China is positioning itself as a "responsible power" helping the world to combat the spread of COVID-19, with president Xi Jinping ordering "international cooperation in epidemic prevention and control be expanded to reflect the responsibility". China has been keen to deflect claims that COVID- 19 originated in Wuhan and criticism of its early handling of the crisis by internal and US critics.

But Mr Kuang is also operating to further Beijing’s strategic aims and reputation, including building political influence in Australia.

The export of goods in demand due to the virus has sparked concern from Home Affairs Minister Peter Dutton and other ministers. On Sunday night, Treasurer Josh Frydenberg moved to reduce the threshold of scrutiny for a foreign takeover of an Australian company from $1.2 billion to zero, to help prevent Australian firms in distress from being subject of predatory takeover. The new rules apply to all overseas buyers but came after revelations about Chinese companies snapping up Australian medical supplies.

The involvement of Chinese government agencies in directing humanitarian or profit motivated activities in Australia is almost certain to draw scrutiny from Australian security agencies.

Mr Kuang follows directives from officials of the party-state about what he should export to China and import into Australia. A series of statements posted on Chinese social media accounts show that Mr Kuang is working with a government entity, the Wuhan Emergency Support and Commodity Reserve Group, and his activities have been "fully affirmed by relevant national ministries and commissions, provincial and municipal leaders" and the United Front group the All-China Federation of Returned Overseas Chinese.
Chuck
mountain lion
 
Posts: 906
Joined: 11 May 2019, 18:39
spamone: Animal

Re: Chinese Companies exploiting us

Postby Chuck » 05 Apr 2020, 14:26

For JS consumption!

Published March 24, 2020 | By Giacomino Nicolazzo

Giacomino Nicolazzo is one of Italy’s most beloved writers. Born and raised in Central Pennsylvania, he lives in a small village in Lombardy where he writes his books.

Now the reason I mention Renzi and theChinese together is that strange things were also going on between thegovernments of Italy and China. A blind eye was being turned to the way theChinese were buying businesses in the financial, telecommunication, industrialand fashion sectors of Italy’s economy, all of which take place in Milano.

To be brief…China was getting away withpurchases and acquisitions in violation of Italian law and EU Trade Agreementswith the US and the UK…and no one in either of those countries (not Obama inthe US or Cameron in the UK) said a thing in their country’s defense. As amatter of fact, much of it was hidden from the public in all three countries.

In 2014, China infused the Italianeconomy with €5 billion through purchases of companies costing less than €100million each. By the time Renzi left office (in disgrace) in 2016, Chineseacquisitions had exceeded €52 billion. When the dust settled, China owned morethan 300 companies…representing 27% of the major Italian corporations.

The Bank of China now owns five majorbanks in Italy…all of which had been secretly (and illegally) propped up byRenzi using pilfered pension funds! Soon after, the China Milano EquityExchange was opened and much of Italy’s wealth was being funneled back to theChinese mainland.

Chinese state entities own Italy’s majortelecommunication corporation (Telecom) as well as its major utilities (ENI andENEL). Upon entry into the telecommunication market, Huawei established afacility in Segrate, a suburb of Milano. It launched is first research centerthere and worked on the study of microwaves which has resulted in thepossibly-dangerous technology we call 5G.

China also now owns controlling interestin Fiat-Chrysler, Prysmian and Terna. You will be surprised to know that whenyou put a set of Pirelli tires on your car, the profits are going to China.Yep…the Chinese colossus of ChemChina, a chemical industry titan, bought thatcompany too!

Last but not least is Ferretti yachts…themost prestigious yacht builder in Europe. Incredibly, it is no longer owned bythe Ferretti family.

But the sector in which Chinesecompanies invested most was Italy’s profitable fashion industry. The PincoPallino, Miss Sixty, Sergio Tacchini, Roberta di Camerino and Mariella Buranibrands have been acquired by 100%.

Designer Salvatore Ferragamo sold 16%and Caruso sold 35%. The most famous case is Krizia, purchased in 2014 byShenzhen Marisfrolg Fashion Company, one of the leaders of high-priced,ready-to-wear fashions in Asia.

Throughout all of these purchases andacquisitions, Renzi’s government afforded the Chinese unrestricted andunfettered access to Italy and its financial markets, many coming throughwithout customs inspections.

Thousands more were allowed to enter anddisappeared into shadows of Milano and other manufacturing cities of Lombardy,only to surface in illegal sewing shops, producing knock-off designer clothesand slapping ‘Made In Italy’ labels on them. All with the tacit approval of theRenzi government.

It was not until there was a change inthe governing party in Italy that the sweatshops and the illegal entry anddeparture of Chinese nationals was stopped. Matteo Salvini, representing theLega Nord party, closed Italy’s ports to immigrants and systematically begandisassembling the sweatshops and deporting those in Italy illegally.

But his rise to power was short-lived.Italy is a communist country…socialism is in the national DNA. Ways were foundto remove Salvini, after which the communist party, under the direction ofGiuseppe Conte, reopened the ports. Immediately, thousands of unvetted,undocumented refugees from the Middle East and East Africa began pouring inagain.

Access was again provided to theChinese, under the old terms, and as a consequence thousands of Chinese, themajority from Wuhan, began arriving in Milano.

In December of last year, the firstinklings of a coronavirus were noticed in Lombardy…in the Chineseneighborhoods. There is no doubt amongst senior medical officials that thevirus was brought here from China.
Chuck
mountain lion
 
Posts: 906
Joined: 11 May 2019, 18:39
spamone: Animal

Re: Chinese Companies exploiting us

Postby Chuck » 07 Apr 2020, 18:03

Ungrateful & disingenuous': China forced Italy to buy back PPE supply it had received as donation from them

China projected to the world that it would donate PPE to Italy but in reality, Beijing had actually sold them. If that was not enough, China reportedly sold the same supply it had received from Italy.

Beijing’s ungratefulness can be gauged from the fact that it sold Italy the same PPE it had received from it when it was in dire need of the personal protective equipment while coronavirus outbreak was peaking in the communist country.

According to a report in the Spectator magazine, at the peak of the COVID-19 outbreak in China, Italy had donated Personal Protection Equipment (PPE) to China and now when Italy is in dire need of PPE, China wants to sell them to Italy.

Business in the garb of humanitarian gesture
The China-originated virus has decimated Italy’s older population and has wreaked havoc on its people, especially the frontline warriors- the doctors and nurses.

Once the Wuhan Virus was controlled, as China claims, it started to cultivate its humanitarian image through mask diplomacy. However, it was clear from the start that it not a humanitarian gesture but business as usual for the Chinese.

While it projected to the world that it would donate PPE to Italy it was later revealed that Beijing had actually sold, not donated, the PPE to Italy.
Chuck
mountain lion
 
Posts: 906
Joined: 11 May 2019, 18:39
spamone: Animal

Next

Return to Politics

Who is online

Users browsing this forum: pinkeye and 1 guest