“ZTE’s pattern of using bribes and kickbacks to procure government contracts has directly harmed American interests, damaged the rule of law and democracy in emerging markets, and facilitated the theft (through massively inflated contract pricing) 1/3 washingtontimes.com/news/2020/dec/…
of huge amounts of resources from some of the poorest people on earth. Mr. Bass said President Trump “gave ZTE a pass” by exempting the company from economic sanctions after the admission of equipment sales to Iran.” 2/3
“Trump did this in exchange for his coveted China trade deal, which was a major strategic blunder,” Mr. Bass said. “Now is the time for the U.S. attorney to bring an easy case against ZTE and, as a result, to throw them out of the United States once and for all.” @BillGertz

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More from @Jkylebass

8 Dec
I’m going to be on @MariaBartiromo tomorrow (Tuesday) morning at 8am ET (7am Texas time) to discuss the former People’s Liberation Army General that has quietly acquired over 200 sq miles of Texas land Val Verde Co. next to Laughlin Air Force base. #China #Espionage 1/6
The former General SUN Guangxin, who controls Xinjiang Guanghui, amassed the land by using a US frontman from Lufkin, TX. Their narrative is that the land is to develop a wind farm (appealing to all of the US alternative energy crowd) but this plan is much more sinister. 2/6
The proximity of 700-ft tall wind turbines will allow the Chinese Army to perform clandestine surveillance and collection of extremely sensitive information about our pilots, our base, their flight training, our planes, and even our electrical grid. 3/6
Read 6 tweets
3 Nov
It's rumored that the US sanctions against Ant Group, Alibaba, and TenCent were derailed by a single phone call from Mike Evans (Alibaba president and Goldman Sachs alum) to a senior US Govt official. Ant Group could have agreed to share transaction data and account details 1/4
with US intelligence. Maybe xi decided to go with China's own digital currency? It's possible xi wanted to stop Jack Ma's bombastic public comments about the Chinese banks? Could this be a Bo Xilai moment for Mr. Ma? It wasn't long ago when Dalian Wanda, HNA, and Anbang 2/4
were high-flying leaders in their industries. All investors in Chinese stocks need to know is that the CCP decides who wins and who loses...who goes to jail and who gets pushed off 2-ft walls in France. If anyone actually read through the Ant listing prospectus, 3/4
Read 4 tweets
2 Oct
Ant Group and Ten Cent are Clear and Present Dangers to US National Security that now threaten us more than any other issue. The Chinese Communist Party is pushing the sole use of its RMB digital payment system in 62% of the world's population. #China #ClearandPresentDanger 1/7
For example, a senior US Government official recently traveled to Ethiopia. When he ordered food at the airport, the checkout person refused his credit card and informed him that the only way to consummate the purchase was with Alipay or WeChat Pay. China is coercing belt 2/7
and road countries to move to a digital RMB system. Not out of trust of course but because they are forced to do so. This particular clerk wouldn't accept US dollars in cash. Ant Group charges .6% of ALL REVENUES in their network (even if it's a debit transaction). 3/7
Read 7 tweets
28 Sep
Ant Group and Alibaba are partial owners and customers of Megvii Technology (旷视), a Chinese artificial intelligence company based in Beijing. Megvii was blacklisted by the US Commerce department in October, 2019 for its uses by the Chinese government genocide in Xinjiang.
Ant's draft prospectus does discuss the "possibility that its business may be affected by enhanced restrictions against China and other Chinese technology companies, including us and Alibaba in 'dual use' commercial technologies and applications that are deployed for...
surveillance or military purposes..." China's military-civil fusion program is exactly what US authorities have been focused on when sanctioning malevolent Chinese companies.
Read 4 tweets
22 Jul
Chinese consulates in New York, Illinois, Texas, and two in California, are bound by the diplomatic responsibilities and rights of the Vienna Convention, and are very politically active at the state level, as is the embassy in Washington, D.C.
China has violated its Vienna Convention responsibilities and therefore we are terminating their rights to diplomatic immunity in Houston. China's other consulates and the embassy in DC should prepare for additional action by the USA. @AmbCuiTiankai #china #再见
Did anyone actually read through Pompeo's speech to the NGA?! state.gov/u-s-states-and…
Read 4 tweets
15 Jul
China’s bank runs have begun. At precisely the time when Chinese banks need any and all cash flow to pay for severe loan losses, the State Council demands 1.5 trillion rmb (75% of 2019 profits!) from banks to “help the economy”.
This enormous grabbing of what some are supposed to be independent publicly traded companies in China is exactly what any fiduciary should have legal problems with in the future. How does one invest in a bank stock where the regime can take profits away “for the good of China”?!
These bank runs are happening for logical reasons: 1. Many rural Chinese banks are insolvent and begging Beijing for money, 2. Chinese regulator is warning of sharp rise in bad loans and capital shortages, 3. Regulator is limiting withdrawals of “large amounts” adding panic
Read 5 tweets

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