$ERVANT OF RED CHINA FOR RAW CA$H, $ENATOR FEIN$TEIN’S DRIVER IS A $PY FOR HER CHINE$E PAYMA$TER$!
“All in all, it was an incredible victory for the Chinese government. Feinstein has done more for Red China than other any serving U.S. politician. “ Trevor Loudon
Larry Kudlow, Director of the U.S. National Economic Council speaks at the Washington Post “The State of Small Business” event in Washington on Nov. 1, 2018 (Kris Tripplaar for The Washington Post)
Trump’s Top Economic Adviser: ‘The Principal Culprit Is China’
US president and Chinese leader Xi will hold an official bilateral meeting in Buenos Aires, says Kudlow
BY
WASHINGTON—The White House’s top economic adviser said on Nov. 1 that if China does not come up with a satisfactory offer to meet U.S. trade demands, then President Donald Trump will continue to aggressively pursue his agenda.
Larry Kudlow, director of the National Economic Council, admitted that the trade war created questions and anxieties among business owners. However, he defended the president by calling him a “free-trader” who wants to get rid of all tariff and non-tariff barriers.
“But we are stuck with a lot of foreign unfair trading practices, which have been harmful to the U.S. workforce and the economy,” he said at a Washington Post event on small businesses.
“Frankly, the principal culprit is China,” he said. “I think only they can break the logjam.”
The Trump administration presented Chinese officials with a list of more than 140 demands during the first round of trade talks in May. Washington’s demands included opening up China further to U.S. investments and abolishing the country’s foreign-ownership caps. The administration has also demanded China end its aggressive policies such as cyber theft, forced joint ventures, and intellectual theft.
This whole list is very important to the administration, Kudlow said.
“If they don’t make a satisfactory offer, then the president will continue to aggressively pursue his agenda. And I think he’s right to do so,” he added.
Kudlow believes China is getting isolated in the ongoing trade war, as the United States, Japan, and the European Union officials met in September in New York on the sidelines of the U.N. General Assembly and reached a deal to tackle China’s unfair trade practices.
That tripartite agreement, Kudlow said, was very important, as it laid out the brief against non-market economies, such as China.
During the meeting, the officials also agreed to reform World Trade Organization rules that are no longer effective to tackle practices that distort international trade.
Trump is planning to meet Chinese leader Xi Jinping at the Group of 20 (G20) summit in Buenos Aires later this month.
When asked about the goal of the meeting and whether both sides can end the trade war, Kudlow said: “My crystal ball is not at all clear.
“The agenda is being discussed and worked on in both camps. I think it will include trade, but I’m not 100 percent sure.”
It will be more than a sidelines meeting, he said, adding that both sides are considering a very formal, bilateral sit-down meeting that may include lunch or dinner.
The last round of trade talks with China ended in August with no concrete steps toward reaching a deal.
Trump said in a tweet on Nov. 1 that he had “a long and very good conversation” with Xi, offering some hope that trade tensions may cool after the G20 meeting.
“Just had a long and very good conversation with President Xi Jinping of China,” Trump wrote in a tweet. “We talked about many subjects, with a heavy emphasis on Trade. Those discussions are moving along nicely with meetings being scheduled at the G-20 in Argentina.”
Kudlow believes that an economic downturn in China will have “very modest effect” on the U.S. economy and small businesses. Despite tariffs, he said U.S. economic growth expanded in the last two quarters and was on track to hit the Administration’s 3 percent target for the full year.
When asked if small businesses should expect to see 3 percent growth again in 2019, Kudlow said, “Yes. Maybe higher.”
A NATION DIES OF OPIOID ADDICTION
AMERICAN BIG PHARMA, RED CHINA and NARCOMEX PARTNER FOR THE BIG BUCKS
“The drug epidemic is the product of capitalism and the policies of the capitalist parties, both Democrats and Republicans. There is, first of all, the role of the pharmaceutical companies, which have amassed huge profits from the deceptive marketing of opioid pain killers, which they claimed were not addictive. Prescriptions for opioids such as Percocet, Oxycontin and Vicodin skyrocketed from 76 million in 1991 to nearly 259 million in 2012. What are the numbers and profits now?
OPIOID AMERICA: CHINA AND MEXICO PARTNER TO ADDICT AMERICA
http://mexicanoccupation.blogspot.com/2018/08/the-opioid-war-on-america-chin
PRINCETON REPORT:
American middle-class is addicted, poor, jobless and suicidal…. Thank the corrupt government for surrendering our borders to 40 million looting Mexicans and then handing the bills to middle America?
OPIOID MURDERS BY BIG PHARMA
“While drug distributors have paid a total of $400 million in fines over the past 10 years, their combined revenue during this same period was over $5 trillion.”
“Opioids have ravaged families and devastated communities across the country. Encouraging their open use undermines the rule of law and will do nothing to quell their continued abuse, let alone the problems underlying mass addiction.”
An aircraft technicians checks the engine of an airplane at the Chongqing Airport in Chongqing, China, on Feb 5, 2007. (China Photos/Getty Images)
Chinese Spies Charged With Trying to Steal US Jet Engine Technology
BY , EPOCH TIMES
Within a month, a Chinese provincial intelligence branch has been implicated in three U.S. cases of stealing American technologies, with the most recent case involving espionage to acquire know-how for making turbofan engines used in commercial airliners.
The alleged culprit is the Jiangsu Province Ministry of State Security (JSSD), a branch of China’s Ministry of State Security (MSS), which is responsible for counterintelligence, foreign intelligence, and political security.
According to a U.S. indictment released by the Department of Justice on Oct. 30, JSSD officers, Zha Rong and Chai Meng, a division director and a section chief, respectively, led a scheme to steal turbofan-engine designs being developed through a partnership between a French aerospace manufacturer and an U.S.-based aerospace company.
Eight others were charged in the conspiracy, including five computer hackers and malware developers who operated at the direction of the JSSD. Two others are Chinese employees who worked at the French company’s office in Suzhou City, Jiangsu Province, as company information-technology manager and product manager.
The 10th person charged was Li Xiao, a computer hacker who used JSSD-supplied malware to carry out a separate hack on a San Diego-based technology company.
The JSSD officers targeted more than a dozen companies—mostly in the aerospace industry—but only Capstone Turbine Corporation, a Los Angeles-based gas turbine manufacturer, was identified by name. Other companies, including a Massachusetts-based aerospace company, and two aerospace suppliers in Arizona and Oregon, manufactured parts for turbofan engines.
The 10 people are charged with conspiring to steal sensitive data “that could be used by Chinese entities to build the same or similar engine without incurring substantial research and development expenses,” the indictment said.
At the time of the hacks, which took place from January 2010 through May 2015, a Chinese-state owned aerospace company was trying to develop a comparable engine for use in aircraft to be manufactured in China and other countries.
While Chinese-made jets, including the C919 and ARJ21, currently use foreign engines, the country has been seeking to develop a competitive homegrown alternative.
“State-sponsored hacking is a direct threat to our national security. This action is yet another example of criminal efforts by the MSS to facilitate the theft of private data for China’s commercial gain,” U.S. Attorney Adam Braverman said in a Justice Department press release.
“The concerted effort to steal, rather than simply purchase, commercially available products should offend every company that invests talent, energy, and shareholder money into the development of products,” he added.
John Brown, FBI special agent in charge of the San Diego field office, vowed that Chinese criminals would be held “accountable regardless of their attempts to hide their illicit activities and identities.”
Hacking
The indictment detailed the tactics deployed by the 10 defendants. To hide the source and destination of their online traffic, defendants used unidentified software and leased servers to avoid detection.
They deployed many different tactics to hack the data, such as spear phishing, malware, and using dynamic domain name service (DNS) accounts. DNS allows users to register different website domain names under a single account and frequently change the internet protocol (IP) address assigned to a domain name.
Spear phishing sends emails embedded with malware. Two types of malware, Sakula and IsSpace, were used by the defendants, to access the email recipients’ computers. They would send fictitious emails containing website links that closely resemble legitimate ones, also known doppelganger domain names. After someone clicks on the link, a hacker can gain access.
The hackers also installed malware on the targeted companies’ web pages, known as watering-hole attacks, which provide defendants with a way to hack computers that have visited the web pages.
In January 2014, JSSD officer Chai got access to the French manufacturer by sending fake emails to employees at the company, pretending to be from the company’s network manager. Later that same month, one of the indicted employees at the French company, Tian Xi, installed Sakula malware by inserting a USB drive, which was provided by an unidentified JSSD officer, onto a computer at the French company’s Suzhou office.
The case will be prosecuted in Southern California, according to the Justice Department press release.
Earlier, U.S. federal authorities announced two other cases of espionage involving JSSD officers.
In early October, Xu Yangjun, a JSSD intelligence officer, was extradited to the United States from Belgium, to face charges that he attempted to steal trade secrets related to aircraft jet engines. Xu will now face trial in federal court in Cincinnati.
Ji Chaoqun, a Chinese citizen who came to the United States in 2013 and enlisted in the U.S. Army Reserves in 2016, was arrested in Chicago in late September, on charges that he had covertly worked for a Chinese intelligence official from JSSD. Ji tried to recruit engineers and scientists in the United States to work for China.
Reuters contributed to this report.
A woman looks through a magnifier to see a 2GB RAM from a
notebook during the semi-tech show in Taipei, on May 10, 2007. (Sam
Yeh/AFP/Getty Images)
US Ban Hits Chinese
Chipmaker Fujian Jinhua, Beijing’s Fledgling Tech Sector Hard
BY
The United States’ recent decision to ban the export of U.S. tech
components, software, and goods to Fujian Jinhua Integrated Circuit, a Chinese
semiconductor manufacturer, has sent ripples through the industry.
One of the immediate concerns is whether the ban will affect the global
supply and price of DRAM circuits, a type of semiconductor chip that’s used to
power virtually all computers and electronic devices.
Fujian Jinhua was months away from mass-manufacturing its own DRAM
chips, Chinese media reported. The industry anticipated that such a development
would immediately affect global DRAM chip prices.
But the U.S. Department of Commerce put a
stop to those plans with its announcement of an export ban on
Oct. 29, arguing that Fujian Jinhua “poses a significant risk of becoming
involved in activities that are contrary to the national interests of the
United States.” The Chinese firm—along with much of China’s semiconductor
industry—relies on foreign components to manufacture its products.
On Nov. 1, U.S. authorities followed up with an announcement from the
Department of Justice that Fujian Jinhua, UMC, and three Taiwan individuals had
been indicted in federal court on charges of conspiring to steal trade secrets
from Micron, related to the development of DRAM chips.
U.S. Attorney General Jeff Sessions unveiled the indictment at a news
conference on Nov. 1, where he also announced that the department is launching
a new initiative to pursue cases of Chinese economic espionage more
aggressively, highlighting the importance of DRAM technology.
Park Yu-ak, an analyst at Kiwoom Securities, a South Korean
financial-services provider, said the ban likely won’t have a substantial
impact on the global DRAM industry and prices, according to a Nov. 1 online
article published by South Korean magazine Smart PC Love.
That’s because Fujian Jinhua isn’t currently producing DRAM chips, so
the ban likely will only make the designing, testing, and manufacturing phases
more difficult, Park said.
Chinese semiconductor firms make up a minuscule portion of the world’s
DRAM market share. South Korea has the world’s top two DRAM makers, Samsung and
SK Hynix, with the former having a market share of 44.9 percent in the first
quarter of this year, with the latter at 22.9 percent, according to research
firm Trendfore. U.S. memory chip maker Micron, at 22.6 percent, is No. 3.
Three Taiwanese companies, Nanya, Winbond, and Powerchip, came in at
fourth (2.8 percent), fifth (0.8 percent), and sixth place (0.5 percent),
respectively. Other companies around the world make up the remaining 0.6 percent
of market share.
DRAM prices, which peaked in the third quarter last year, have since
been on the decline. But prices will likely surge next year, if the global
demand for mobile phones, computers, and servers increases, according to Smart
PC Love.
China’s DRAM Ambition
The export ban on Fujian Jinhua has only shed light on how far behind
China’s semiconductor industry remains.
China, even as the world’s largest consumer of semiconductors, continues
to lag in developing domestic semiconductor technology, when compared to
traditional semiconductor powerhouses in South Korea, Japan, Taiwan, and the
United States. Thus, China relies heavily on imports to meet domestic demand.
Trade organization China Semiconductor Industry Association (CSIA)
estimated that domestic-made chips accounted for less than 20 percent of
China’s demand in 2017. That year, China imported integrated circuits worth
about $260 billion, according to CSIA data. That is more than the value of
crude oil imported by China.
So China has pushed aggressively to become
self-sufficient in producing domestic semiconductors—part of its industrial
plan to transform the country into a tech manufacturing powerhouse, named “Made
in China 2025.” Under the plan, Beijing wants domestic chips used in
smartphones to make up 40 percent of the local market by 2025, according to Reuters.
Fujian Jinhua was a key part of the country’s ambitions. According to a
July 2016 report by China’s state-run media Xinhua, the company was
specifically listed as a key participant to building up China’s IC sector under
Beijing’s 13th Five Year Plan (2016–2020).
The firm was established in February 2016 with state-backed funding—from
state-run company Fujian Electronics and Information Group, and the municipal
governments of Quanzhou and Jinjiang, both located in Fujian Province.
And as part of its plans, Fujian Jinhua had invested 37 billion yuan
(about $5.3 billion) for the first phase of construction for a DRAM
factory—which broke ground in July 2017. The company received an additional 3
billion yuan (about $431 million) from a state-backed fund, according to
Xinhua.
With enough funding but still lacking semiconductor technology and
experts, Fujian Jinhua turned to Taiwanese semiconductor contract manufacturer
UMC to supply it with memory-related technologies, under a cooperation
agreement signed in 2016. In return, Fujian Jinhua was to provide UMC with
DRAM-related equipment and a service fee.
The cooperation resulted in UMC’s deputy general manager, Stephen Chen,
temporarily taking over the president position at Fujian Jinhua. Notably, Chen
was a former president for one of the Micron’s factories in Taiwan before
joining UMC.
In December 2017, Taiwanese prosecutors charged
Chen and another former Micron executive with theft of trade secrets, alleging
that they tried to recruit Micron engineers to join UMC.
Since then, Fujian Jinhua and Micron have been at loggerheads. First,
Micron filed a civil lawsuit in California, accusing UMC and Fujian Jinhua of
stealing its trade secrets. A month later, UMC filed a countersuit, alleging
patent infringement, against Micron at China’s Fuzhou City Intermediate
People’s Court in Fujian Province.
In June, the Chinese court ruled in favor
of UMC, banning the U.S. chipmaker from selling 26 chip products in China,
according to Reuters.
The Justice Department announcement on
Nov. 1 revealed that a U.S. federal grand jury had weighed in on the debacle,
indicting UMC, Fujian Jinhua, Chen, and two other former Micron employees whom
Chen allegedly recruited.
The indictment mirrors allegations in the Micron lawsuit, claiming
that Fujian Jinhua stole DRAM technology from Micron through the
cooperation agreement with UMC, which stipulated that UMC provide Fujian Jinhua
with DRAM technology so the latter could mass-manufacture the DRAM chips.
The scheme worked thusly: Chen recruited employees at the Micron factory
he previously headed so that they could take Micron files with them before
working for UMC, according to the Justice Department press release.
The department also filed a civil lawsuit to prohibit UMC and Fujian
Jinhua from exporting to the United States any products that were made using
the allegedly stolen trade secrets.
The two companies face a maximum fine of $20 billion, while the
individuals face up to 25 years imprisonment and a $5 million fine.
The Future for Fujian Jinhua
The ban on Fujian Jinhua is similar to a prior U.S. ban against Chinese
telecoms firm, ZTE, in April.
ZTE was blocked from buying from U.S. suppliers, after the Commerce
Department said the Chinese firm had failed to comply with stipulations,
because of violations of U.S. sanctions placed on Iran and North Korea. The ban
on ZTE, which almost put the company out of business. was eventually lifted in
July after the firm agreed to pay a settlement fee of $1 billion.
ZTE is still struggling financially. According to Chinese financial
website JRJ.com, ZTE suffered a loss of 7.26 billion yuan (about $1.05 billion)
for the first three quarters this year. The company will likely suffer a
financial loss of 6.2 billion yuan (about $893 million) for the total of 2018.
Industry experts are speculating that Fujian Jinhua might end up in
similar financial straits.
Fujian Jinhua will “probably be unable to
fabricate semiconductors without American-made manufacturing
equipment,” Robert Maire, president of the consultancy firm Semiconductor
Advisers, said in a recent interview with Japanese media Nikkei. Semiconductor
firms commonly source equipment from three California-based manufacturers:
Applied Materials, Lam Research, and KLA-Tencor, Nikkei reported.
Meanwhile, Chinese business news site Yicai reported Oct. 30 that U.S.
suppliers IBM, Lam Research, and Applied Materials have all severed their
telephone communications and email exchanges with Fujian Jinhua. Many of Fujian
Jinhua’s equipment orders to U.S. companies are now put on hold, according to
the report.
The ban on Fujian Jinhua has set a precedent—Chinese companies that have
been accused of stealing trade secrets from the United States will likely soon
face similar bans, according to an analysis by the Hong Kong Economic Times in
an Oct. 30 article.
WAR PROFITEERS!
SENATOR DIANNE
FEINSTEIN AND PARASITE HUSBAND RICHARD “BRIBSTERS” BLUM
Blum has long
handed out bribes in the form of “campaign contributions” to other corrupt
Democrat politicians so they keep their mouths shut about the staggering
corruption that has profitably followed Feinstein from day one!
*
“Our entire crony capitalist system, Democrat and
Republican alike, has become a kleptocracy approaching par with
third-world hell-holes. This is the way a great country is raided by
its elite.” ---- Karen McQuillan THEAMERICAN THINKER.com
WAR ON THE AMERICA
WORKER: FEINSTEIN, PELOSI, OBAMA, and the CLINTON CRIME DUAL
“Senator
Dianne Feinstein warned, at the time, they had to solve this crisis now—of
immigrants coming in illegally and getting these jobs.”
http://mexicanoccupation.blogspot.com/2018/05/senator-dianne-feinstein-looking-to-buy.html
“The Democrats had abandoned their working-class base to chase
what they pretended was a racial group when what they were actually chasing was
the momentum of unlimited migration”. DANIEL GREENFIELD / FRONT PAGE
MAGAZINE
BLOG: FEINSTEIN IS AN ADVOCATE OF
AMNESTY, OPEN BORDERS AND NO E-VERIFY TO KEEP WAGES DEPRESSED. THERE ARE 15
MILLION LOOTING MEXICANS IN HER STATE OF CA.
THE CLINTONS AND
RED CHINA:
A MONEY MAKING TRAITORSHIP!
"Ask
Jeff Sessions about the charges. Money was flowing into the Clinton
Foundation from all over the world, disguised, rerouted through a Canadian charity,
all to obscure its origins."
No comments:
Post a Comment