June 24, 2022

Chinese Communists Get American Aid

Even though the Chinese Communist Party (CCP) is probably responsible for the coronavirus pandemic through its cover origins of COVID-19, the communist totalitarian dictatorship has turned this global crisis into a great advantage for itself.

At the start of the pandemic, communist China – as the world’s largest manufacturer of medical supplies –hoarded and then sold essential medical products for countries crippled by the virus. China’s ‘vaccine diplomacy’ continues to advance its health silk road as it exports hundreds of millions copies of its vaccines abroad, while chastising Western countries for “vaccine nationalism.”

Additionally, as countries responded to the pandemic, Chinese and Indian troops clashed along the disputed border in the Himalayan region. China has also escalated tensions and illegally claimed the South China Sea, further tightened its totalitarian control over Hong Kong and militarily provoked Taiwan.

Exploiting an international crisis in pursuit of a global strategy is not a new approach for the Chinese communist dictatorship. After the 2008 financial crisis, the CCP exploited the recession for its own benefit.

Similarly, in the wake of the COVID-19 pandemic, as the United States rapidly handed out emergency loans under the Paycheck Protection Program (PPP) to help struggling businesses, the dictatorship saw an opportunity for American money and took it.

According to a Horizon Advisory Report, up to $419 million in PPP funds have been awarded to companies owned or invested by entities in Communist China. Due to China’s totalitarian system, there is no completely independent enterprise that is free from the supervision and control of the Chinese Communist Party.

From a sample of PPP recipients, the report identified more than 125 recipients of Small Business Administration and Treasury Department emergency loans that entities linked to the Chinese dictatorship held or invested in. At least 32 Chinese government-controlled entities received more than $1. million loans each.

The report stated: “These [People’s Republic of China] entities cover public enterprises (EP); companies with ties to China’s military and military-civilian fusion programs; companies that the U.S. government has identified as national security threats; companies complicit in the Chinese genocide against the Uighur minority in Xinjiang; and media owned or controlled by the CCP. »

Chinese Vice President Xi Jinping invites U.S. Vice President Joe Biden (L) to view an honor guard during a welcoming ceremony inside the Great Hall of the People August 18, 2011 in Beijing, in China. Biden will visit China, Mongolia and Japan from August 17-25.
LINTAO ZHANG/Staff/Getty Images

The US Department of Defense has released a list of companies linked to the Chinese military. At least eight entities affiliated with DOD-listed companies have received Paycheck Protection Program loans.

Furthermore, according to the Horizon report, “The identified recipients linked to [China]- ownership based on critical and strategic industries, including aerospace and defence; pharmaceuticals and medical technology; traditional and emerging automotive manufacturing; advanced manufacturing and manufacturing components (eg, semiconductors, robotics); telecommunications; financial technology; entertainment; and the media.”

Many of these industries are key to the Chinese Communists’ Made in China 2025 industrial plan, which aims to make China the world’s leading high-tech manufacturer.

It is a tragedy that the loans intended to help save American businesses ultimately contributed to Communist China’s goal of replacing America as the most powerful country in the world. But to be fair, those hundreds of millions of dollars weren’t stolen – the money was freely handed over due to the lack of adequate safeguards.

The Small Business Administration should work with researchers and outside experts to compile a list of known companies affiliated with China and ensure that these loans are fully repaid.

Second, the Small Business Administration and the Treasury Department should put in place more protections to ensure that loans are not made in the future to entities affiliated with U.S. adversaries.

American companies should not be the second fiddle. It is the responsibility of the US government to keep Americans safe in times of crisis, not to allow our opportunistic adversaries to take advantage of them.

The United States government must act now to develop the systems that will ensure that American taxpayers are not subsidizing a dictatorship.

To read, hear and watch more commentary from Newt, visit Gingrich360.com.

The opinions expressed in this article are those of the authors.