Thread by @RussellSieg

Oh God...ChiCom train company built a factory in Rahm Emanuel's Chicago. This is probably a FCPA boondoggle of Huawei proportions. 😡

@ericgarland
@a_team1983
@HatesHorseshoes
@wokyleeks
@ninaandtito
@BaldingsWorld
@20committee
@ddp
@Dry_Observer

bloomberg.com/news/features/…

@ericgarland @a_team1983 @HatesHorseshoes @wokyleeks @ninaandtito @BaldingsWorld @20committee @ddp @Dry_Observer "CRRC is the world’s largest maker of freight and passenger rail cars. Over the past decade, the state-owned Chinese company has gone from country to country underbidding rivals and taking business from giants such as Alstom, Bombardier, Siemens, and Hyundai’s rail unit, Rotem."

@ericgarland @a_team1983 @HatesHorseshoes @wokyleeks @ninaandtito @BaldingsWorld @20committee @ddp @Dry_Observer "When Siemens and Alstom tried to merge two years ago, before being blocked by European Union regulators, they cited the CRRC juggernaut as one rationale. The Chinese company effectively wiped out Australia’s homegrown rail car industry in less than a decade.”

@ericgarland @a_team1983 @HatesHorseshoes @wokyleeks @ninaandtito @BaldingsWorld @20committee @ddp @Dry_Observer "Early in 2018, CRRC declared in a since-deleted tweet, “So far, 83% of all rail products in the world are operated by #CRRC or are CRRC ones. How long will it take for us conquering the remaining 17%?”

F*ck you, Xi! We're gonna take back our Economies from your Subversion!

@ericgarland @a_team1983 @HatesHorseshoes @wokyleeks @ninaandtito @BaldingsWorld @20committee @ddp @Dry_Observer "CRRC’s adversaries have seized on a federal indictment charging a Chinese software engineer at an unnamed Chicago locomotive manufacturer with stealing proprietary information and taking it to China."

@ericgarland @a_team1983 @HatesHorseshoes @wokyleeks @ninaandtito @BaldingsWorld @20committee @ddp @Dry_Observer "Although CRRC wasn’t implicated, the alleged theft “makes clear that the U.S. rail market is also becoming a target” of China, says a recent report by consulting firm Veretus Group.
Freight cars pose a somewhat different vulnerability than passenger ones because they ferry..."

@ericgarland @a_team1983 @HatesHorseshoes @wokyleeks @ninaandtito @BaldingsWorld @20committee @ddp @Dry_Observer "...economically valuable items such as lumber and oil, and also because they’re crucial to military mobilizations. “Rail networks are particularly at risk because they are extensive, dispersed, and complex,” says a recent report by management consulting firm Oliver Wyman."

@ericgarland @a_team1983 @HatesHorseshoes @wokyleeks @ninaandtito @BaldingsWorld @20committee @ddp @Dry_Observer "The industry is rolling out a nationwide web of Wi-Fi, GPS, and other technologies designed to smooth scheduling and prevent crashes; that, too, could be a target for bad actors, the report says."

What could possibly go wrong?

@SpeakerPelosi
@RepAdamSchiff
@HouseDemocrats

@ericgarland @a_team1983 @HatesHorseshoes @wokyleeks @ninaandtito @BaldingsWorld @20committee @ddp @Dry_Observer @SpeakerPelosi @RepAdamSchiff @HouseDemocrats "So much of the conversation about China is what we think they might be up to but so far have no evidence for,” says Bruce Dickson, a political science professor at George Washington University.”

@ericgarland @a_team1983 @HatesHorseshoes @wokyleeks @ninaandtito @BaldingsWorld @20committee @ddp @Dry_Observer @SpeakerPelosi @RepAdamSchiff @HouseDemocrats "You either are suspicious that they might do something and deprive yourself of a high-quality, low-cost rail car, or you can say there’s no evidence and then look like a dupe.”

Hey, Prof. Dickson, have you checked @TheJusticeDept for Chinese Industrial Espionage Indictments?

@ericgarland @a_team1983 @HatesHorseshoes @wokyleeks @ninaandtito @BaldingsWorld @20committee @ddp @Dry_Observer @SpeakerPelosi @RepAdamSchiff @HouseDemocrats @TheJusticeDept This is not hard to find...there are pages of ChiCom #IndustrialEspionage Indictments.

justice.gov/news?keys=indu…

Wake the F*ck up, Everyone!

@Marketplace
@kairyssdal