Chinese Communist Party-backed manufacturing companies came to Texas, and were not only welcomed by public officials, but extraordinary efforts were made to ensure one of these companies arrived. Totally missing was any consideration of the economic warfare China is waging against America, and highlights the need for citizen vigilance.
Over the last month,Texas Scorecard has reported on the various ways the Chinese Communist Party (CCP) has infiltrated the Lone Star State. We have focused on four main theaters of operation where we’ve identified CCP activity: education, land, politics, and commerce.
In education, they did it using the name of an ancient Chinese philosopher as a trojan horse while promising exports of Chinese culture and language. In land, by acquiring acreage in South Texas near a military installation through companies financed with CCP money, and gaining access to our food supply. And in politics by making connections at the state and local levels, promising greater economic access.
In commerce, the Chinese Communist Party accomplished infiltration through connections between major Chinese corporations and American industries. In Texas, they successfully infiltrated our industries, such as energy and real estate. As established in previous articles, the Chinese government views their state-controlled companies as conduits of CCP influence into American industries, and so they support and encourage such investments.
J. Kyle Bass, founding member of the Committee on the Present Danger: China, told Texas Scorecard how the CCP uses greed to grease the skids for their infiltration of the United States.
Quote“China creates cheerleaders, like Ray Dalio and Steve Schwarzman, by giving them special access and them becoming evangelical about the benefits of doing business with the Chinese, without seeing the risks to allowing them to infiltrate our financial institutions, our supranational institutions, our learning and educational institutions.”
Since the reach of CCP influence in Texas commerce is a major security concern, it is necessary to explore yet another critical sector that has been hurting for some time in our country: manufacturing.
A Tale of Two Cities: Tianjin, China and Gregory, Texas
In November 2014, the Paulson Institute published a case study chronicling one particular Chinese Communist Party backed company that made its way into the Lone Star State.
It started in 1989, when the Tianjin municipal government in China created a new state entity: the Tianjin Pipe Corporation (TPCO). Since its incorporation, the company has received significant taxpayer funds and subsidies from the communist government. The initial government funding used to jumpstart the company was funneled through the “Big Four” state banks.
Ten years after its inception, TPCO was restructured through the creation of a new “limited liability entity,” and half of its newly capitalized debt was held by the four Asset Management Companies of the Communist government. At this time, even though many state-owned enterprises failed or were shut down, the CCP protected certain key companies that were seen as “strategic state assets” and shielded by local governments. TPCO, which “held an exalted place in China’s macroeconomic development plans,” was among these companies, and deemed too valuable to fail.
-- excerpt, rest at link above --
“We have now sunk to a depth at which restatement of the obvious is the first duty of intelligent people.” ― George Orwell
Sun Sep 11, 2022 11:21 am (Last edited: Sun Sep 11, 2022 11:22 am)
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