Links for Monday, August 24, 2020

Notable China news from around the web.

WHAT WE’RE READING:

More important China news and analysis from around the web:

Liberation, the publication of a Communist Party in India, has condemned China’s treatment of Uyghurs. Some excerpts from an article titled China’s concentration camps for Uyghurs: In China’s own words:

The Chinese Government’s paper on Uyghurs does exactly the same as what the Indian State does: blame militancy on “outside interference” and “religious extremists”…

the Counterterrorism Law of the People’s Republic of China is like India’s draconian UAPA (or its predecessors POTA and TADA) on steroids: a handy tool which empowers the State to surveil and criminalise the most innocent and ordinary of actions, especially if the said actions are committed by a religious minority or ideological dissenter…

China has been touting its Xinjiang model as a successful model of “counterterrorism” which the world should adopt. Certainly, Narendra Modi and his fascist regime in India, would be happy to adopt China’s Xinjiang model for Kashmir, and for minorities and dissenters in the whole of India, lock, stock, and barrel.

Related:

Bribery in Los Angeles: Caixin has an in-depth story titled, “How Chinese developers became entangled in LA bribery case”:

Suspended LA Councilman Jose Huizar was charged with accepting at least $1.5 million in illicit financial benefits in what local media called the worst City Hall corruption scandal in almost a century…

Among the multitude of corruption allegations, Huizar was accused of accepting more than $800,000 in benefits from a Chinese property tycoon who allegedly helped Huizar settle a sexual harassment lawsuit, provided him with more than a dozen gambling trips and sponsored his wife’s city council election campaign…

A Caixin investigation found that two Shenzhen-based private companies — Shenzhen New World Group Co. Ltd. and Shenzhen Hazens Real Estate Group Co. Ltd. — were the main Chinese companies targeted by U.S. investigators for alleged bribery. Shenzhen New World was founded and controlled by businessman Huáng Wěi 黄伟. Shenzhen Hazens is owned by businessman Yuán Fùér 袁富儿…

Two larger Chinese developers also appeared on a search warrant related to the case — Hong Kong-listed, state-backed Greenland Holdings Corp. Ltd. and privately owned China Oceanwide Holdings Group Co. Ltd. Both companies denied any wrongdoing.

And here’s another tale of dodgy business from Bloomberg involving transfers of property deeds for luxury hotels from the troubled insurance company then known as Anbang to shell companies run by someone known as “Andy Bang.”

The timing of the title transfers in 2018 was hardly coincidental. The Chinese government had declared that Anbang, a multi-billion-dollar holding company, was a fraud, and sentenced its flamboyant founder, Wú Xiǎohuī 吴小晖, to 18 years in prison as it sought a buyer for the hotels. The South Korean asset manager Mirae Global won the competition for the $5.8 billion purchase that included the Essex House on Central Park South and the Ritz Carlton Half Moon Bay Resort in northern California.

What Mirae didn’t know was that, as the authorities were closing in, Wu used a Delaware law to make an agreement with the shell companies and protect his interests. In other words, the South Koreans promised to buy hotels that Anbang may no longer have owned…

An interesting detail: A former New York Times researcher “who spent three years in a Chinese prison on what were widely viewed as trumped-up fraud charges,” Zhào Yán 赵岩, is an officer of one of the Delaware companies. He “said in a telephone interview that the firms aren’t fraudulent and aren’t working for Wu but for themselves and ‘to defend private property against wrongful taking by the Chinese government.’”

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